Tribune Media (TRCO) Receiving Somewhat Positive News Coverage, Report Shows
News stories about Tribune Media (NYSE:TRCO) have been trending somewhat positive on Friday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tribune Media earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.7965022981726 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Tribune Media (NYSE:TRCO) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.07). The business had revenue of $469.50 million for the quarter, compared to the consensus estimate of $472.56 million. Tribune Media had a return on equity of 4.38% and a net margin of 2.49%. The firm’s revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share.
Several brokerages have weighed in on TRCO. Zacks Investment Research downgraded Tribune Media from a “hold” rating to a “strong sell” rating in a research note on Saturday, October 21st. Deutsche Bank AG began coverage on Tribune Media in a research note on Friday, October 20th. They set a “hold” rating and a $42.00 target price on the stock. BidaskClub raised Tribune Media from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $42.00 target price on shares of Tribune Media in a research note on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Tribune Media currently has a consensus rating of “Hold” and a consensus target price of $43.88.
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.
Receive News & Ratings for Tribune Media Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tribune Media Company and related companies with Analyst Ratings Network's FREE daily email newsletter.