Tribune Publishing (NASDAQ:TPCO) Posts Earnings Results, Beats Expectations By $0.02 EPS

Tribune Publishing (NASDAQ:TPCO) released its quarterly earnings data on Wednesday. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02, Fidelity Earnings reports. The firm had revenue of $250.33 million during the quarter. Tribune Publishing had a net margin of 24.95% and a return on equity of 2.63%. Tribune Publishing updated its Q3 2019 guidance to EPS.

Tribune Publishing stock traded down $0.22 during mid-day trading on Friday, reaching $7.77. The company’s stock had a trading volume of 49,398 shares, compared to its average volume of 82,460. The company has a market capitalization of $277.31 million, a price-to-earnings ratio of 15.14 and a beta of 1.45. The firm’s 50 day moving average is $8.21. The company has a current ratio of 1.21, a quick ratio of 1.16 and a debt-to-equity ratio of 0.29. Tribune Publishing has a twelve month low of $7.60 and a twelve month high of $17.96.

TPCO has been the subject of a number of research reports. TheStreet downgraded shares of Tribune Publishing from a “c-” rating to a “d+” rating in a report on Monday, May 20th. Zacks Investment Research downgraded shares of Tribune Publishing from a “buy” rating to a “hold” rating in a report on Saturday, July 13th.

About Tribune Publishing

Tribune Publishing Company, a media company, publishes newspapers worldwide. The company operates in two segments, M and X. It publishes daily newspapers; weekly newspapers; and digital platforms, such as Websites and mobile applications. The company also provides various digital marketing services, which include the development of mobile Websites, search engine marketing and optimization, social media account management, and content marketing for its customers' Web presence for small to medium size businesses.

Further Reading: What is the return on assets (ROA) ratio?

Earnings History for Tribune Publishing (NASDAQ:TPCO)

Receive News & Ratings for Tribune Publishing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tribune Publishing and related companies with MarketBeat.com's FREE daily email newsletter.