Tribune Media Company (TRCO) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Tribune Media Company (NYSE:TRCO) have been given a consensus rating of “Hold” by the seven analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $44.50.
TRCO has been the subject of a number of research analyst reports. Jefferies Group LLC reissued a “hold” rating and issued a $42.00 target price on shares of Tribune Media in a research note on Wednesday, June 14th. Zacks Investment Research cut Tribune Media from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 13th. Finally, BidaskClub cut Tribune Media from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th.
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Shares of Tribune Media (TRCO) traded down 0.10% during midday trading on Friday, reaching $41.19. The company had a trading volume of 793,858 shares. The firm has a market cap of $3.59 billion, a P/E ratio of 74.22 and a beta of 1.53. The company’s 50-day moving average is $40.25 and its 200-day moving average is $39.77. Tribune Media has a 52-week low of $27.75 and a 52-week high of $43.04.
Tribune Media (NYSE:TRCO) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.07). Tribune Media had a return on equity of 4.38% and a net margin of 2.49%. The company had revenue of $469.50 million for the quarter, compared to analyst estimates of $472.56 million. During the same period last year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. Equities research analysts expect that Tribune Media will post $1.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were issued a $0.25 dividend. The ex-dividend date was Thursday, August 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.43%. Tribune Media’s dividend payout ratio (DPR) is 204.08%.
Institutional investors have recently modified their holdings of the company. Nationwide Fund Advisors bought a new stake in shares of Tribune Media in the first quarter valued at about $103,000. Asset Management One Co. Ltd. bought a new stake in shares of Tribune Media in the first quarter valued at about $114,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Tribune Media by 9.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,097 shares of the company’s stock valued at $126,000 after purchasing an additional 272 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Tribune Media by 237.1% in the first quarter. Sei Investments Co. now owns 5,370 shares of the company’s stock valued at $200,000 after purchasing an additional 3,777 shares in the last quarter. Finally, Mizuho Securities USA LLC bought a new stake in shares of Tribune Media in the second quarter valued at about $204,000. Institutional investors own 97.13% of the company’s stock.
About Tribune Media
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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