Tribune Media (TRCO) Receives Media Impact Score of 0.10
News coverage about Tribune Media (NYSE:TRCO) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tribune Media earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.7800897893702 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Tribune Media (TRCO) vs. Its Rivals Financial Comparison (americanbankingnews.com)
- Tribune Media (TRCO) versus Its Rivals Critical Contrast (americanbankingnews.com)
- Tribune Media (TRCO) Announces 7M Secondary Offering Of Class A Common Stock (streetinsider.com)
- $489.17 Million in Sales Expected for Tribune Media Company (TRCO) This Quarter (americanbankingnews.com)
- ETFs with exposure to Tribune Media Co. : November 27, 2017 (finance.yahoo.com)
A number of brokerages have commented on TRCO. Zacks Investment Research cut Tribune Media from a “hold” rating to a “strong sell” rating in a research report on Saturday, October 21st. Deutsche Bank began coverage on Tribune Media in a research report on Friday, October 20th. They issued a “hold” rating and a $42.00 price target for the company. BidaskClub upgraded Tribune Media from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Jefferies Group restated a “hold” rating and issued a $42.00 price target on shares of Tribune Media in a research report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $43.88.
Tribune Media (TRCO) traded down $0.05 during trading hours on Friday, hitting $41.15. The company had a trading volume of 1,215,320 shares, compared to its average volume of 762,678. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.76 and a quick ratio of 1.76. Tribune Media has a 12-month low of $27.75 and a 12-month high of $43.04. The stock has a market capitalization of $3,592.44, a PE ratio of 28.38, a P/E/G ratio of 12.36 and a beta of 1.52.
Tribune Media (NYSE:TRCO) last released its earnings results on Wednesday, November 8th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06). Tribune Media had a positive return on equity of 4.11% and a negative net margin of 6.12%. The business had revenue of $450.53 million for the quarter, compared to analysts’ expectations of $459.81 million. During the same quarter in the prior year, the business posted $0.56 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. research analysts predict that Tribune Media will post 1.11 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Monday, November 20th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Friday, November 17th. Tribune Media’s dividend payout ratio is currently -75.19%.
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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