Tribune Media (TRCO) Receiving Somewhat Positive News Coverage, Study Shows
News articles about Tribune Media (NYSE:TRCO) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tribune Media earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.7720220675905 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of research firms have commented on TRCO. Jefferies Group LLC reaffirmed a “hold” rating and set a $42.00 price target on shares of Tribune Media in a research report on Monday, August 14th. Zacks Investment Research raised Tribune Media from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Finally, BidaskClub raised Tribune Media from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.50.
Tribune Media (NYSE TRCO) opened at 40.86 on Monday. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 73.62 and a beta of 1.53. Tribune Media has a 52-week low of $27.75 and a 52-week high of $43.04. The firm’s 50-day moving average price is $40.42 and its 200-day moving average price is $39.95.
Tribune Media (NYSE:TRCO) last announced its earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.07). Tribune Media had a net margin of 2.49% and a return on equity of 4.38%. The business had revenue of $469.50 million for the quarter, compared to analysts’ expectations of $472.56 million. During the same quarter last year, the firm earned $0.52 EPS. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. On average, equities analysts anticipate that Tribune Media will post $1.29 EPS for the current year.
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Tribune Media Company Profile
Tribune Media Company, through its subsidiaries, operates as a media and entertainment company in the United States. It offers news, entertainment, and sports programming through Tribune Broadcasting local television stations, including FOX television affiliates, CW Network, LLC television affiliates, CBS television affiliates, ABC television affiliates, NBC television affiliates, and independent television stations; and television series and movies on WGN America, a national general entertainment cable network.
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