Analysts expect Tribune (NYSE:TRCO) to post $561.65 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Tribune’s earnings. The highest sales estimate is $586.29 million and the lowest is $537.00 million. Tribune posted sales of $489.00 million during the same quarter last year, which suggests a positive year over year growth rate of 14.9%. The company is expected to issue its next quarterly earnings results on Thursday, March 7th.

According to Zacks, analysts expect that Tribune will report full-year sales of $2.00 billion for the current year, with estimates ranging from $1.96 billion to $2.02 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.97 billion, with estimates ranging from $1.94 billion to $2.00 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Tribune.

Tribune (NYSE:TRCO) last posted its earnings results on Friday, November 9th. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.08. The company had revenue of $498.00 million for the quarter, compared to analyst estimates of $481.79 million. Tribune had a net margin of 31.69% and a return on equity of 7.72%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $0.31 earnings per share.

Several equities research analysts have weighed in on TRCO shares. ValuEngine upgraded shares of Tribune from a “strong sell” rating to a “sell” rating in a report on Thursday, September 6th. Zacks Investment Research lowered shares of Tribune from a “buy” rating to a “hold” rating in a report on Friday, November 30th. FinnCap started coverage on shares of Tribune in a report on Tuesday, November 27th. They issued a “buy” rating on the stock. Finally, Gabelli started coverage on shares of Tribune in a report on Tuesday, November 27th. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Tribune currently has an average rating of “Buy” and a consensus price target of $40.00.

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of Tribune by 813.2% during the first quarter. Royal Bank of Canada now owns 2,977 shares of the company’s stock worth $121,000 after acquiring an additional 2,651 shares in the last quarter. NumerixS Investment Technologies Inc increased its position in shares of Tribune by 170.1% during the second quarter. NumerixS Investment Technologies Inc now owns 3,782 shares of the company’s stock worth $144,000 after acquiring an additional 2,382 shares in the last quarter. Laurion Capital Management LP bought a new stake in shares of Tribune during the third quarter worth $207,000. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Tribune during the second quarter worth $230,000. Finally, Standard Life Aberdeen plc bought a new stake in shares of Tribune during the second quarter worth $267,000. 93.71% of the stock is owned by institutional investors.

TRCO opened at $44.99 on Friday. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 1.44 and a beta of 1.03. Tribune has a twelve month low of $31.61 and a twelve month high of $45.15.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 4th. Stockholders of record on Monday, November 19th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Friday, November 16th. Tribune’s dividend payout ratio is 70.92%.

About Tribune

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, MY 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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Earnings History and Estimates for Tribune (NYSE:TRCO)

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