Tribune (NYSE:TRCO) issued its quarterly earnings data on Friday. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08, MarketWatch Earnings reports. The firm had revenue of $498.00 million during the quarter, compared to analyst estimates of $481.79 million. Tribune had a return on equity of 7.18% and a net margin of 28.61%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS.
Shares of NYSE TRCO traded up $0.12 during midday trading on Friday, reaching $39.05. The company’s stock had a trading volume of 1,263,224 shares, compared to its average volume of 1,080,452. Tribune has a 12-month low of $31.61 and a 12-month high of $43.71. The company has a market capitalization of $3.36 billion, a PE ratio of 27.69 and a beta of 1.06. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.86.
A number of analysts have commented on the company. ValuEngine raised Tribune from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Zacks Investment Research lowered Tribune from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 12th. Wells Fargo & Co decreased their price objective on Tribune from $42.00 to $36.00 and set a “market perform” rating for the company in a report on Wednesday, July 18th. Evercore ISI started coverage on Tribune in a research note on Tuesday, July 31st. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Stephens downgraded Tribune from an “overweight” rating to an “equal” rating and cut their target price for the stock from $41.00 to $37.00 in a research note on Thursday, July 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Tribune presently has an average rating of “Hold” and a consensus price target of $40.20.
WARNING: “Tribune (TRCO) Issues Earnings Results” was originally reported by WKRB News and is the property of of WKRB News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.wkrb13.com/2018/11/09/tribune-trco-issues-earnings-results.html.
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.
Featured Story: What is the float in trading stocks?
Receive News & Ratings for Tribune Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tribune and related companies with MarketBeat.com's FREE daily email newsletter.