Tribune Media Company (TRCO) Receives $44.50 Consensus PT from Analysts

Remigio Civitarese
Agosto 18, 2017

The stock of Tribune Media Company Class A (NYSE:TRCO) registered a decrease of 2.71% in short interest. The company had a trading volume of 941,473 shares. Tribune Media accounts for about 1.4% of ARP Americas LLC's portfolio, making the stock its 23rd largest position. As of the end of the quarter Barings LLC had sold a total of 24,000 shares trimming its holdings by 66.7%. PointState Capital LP purchased a new position in Tribune Media during the second quarter worth $2,446,000. Nationwide Fund Advisors purchased a new position in shares of Tribune Media during the first quarter valued at approximately $103,000. Finally, Sei Investments Co. raised its stake in shares of Tribune Media by 237.1% in the first quarter. Ltd. bought a new position in Tribune Media during the first quarter valued at about $114,000.

Shares of Tribune Media (NYSE TRCO) traded up 0.63% during mid-day trading on Wednesday, reaching $40.06. Tribune Media Company has a 12-month low of $27.75 and a 12-month high of $43.04. The firm has a 50-day moving average price of $41.10 and a 200-day moving average price of $38.25.

Tribune Media Company Class A's P/E ratio is 72.47 and market capitalization is 3.51B.

Tribune Media (NYSE:TRCO) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by $0.07. The company had revenue of $469.50 million for the quarter, compared to analyst estimates of $472.56 million. Tribune Media had a return on equity of 4.38% and a net margin of 2.49%. The business's quarterly revenue was down 2.1% compared to the same quarter past year. During the same period in the previous year, the firm posted $0.52 EPS. On average, equities analysts anticipate that Tribune Media will post $1.31 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, August 17th. Tribune Media's dividend payout ratio is 204.08%.

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Several research firms have commented on TRCO. BWS Financial reduced their price target on Tribune Media from $54.00 to $48.00 and set a "buy" rating on the stock in a research note on Monday, May 1st.

05/09/2017 - Tribune Media Co was downgraded to "sell" by analysts at Gabelli. Jefferies Group LLC restated a "hold" rating and set a $42.00 price target on shares of Tribune Media in a research report on Wednesday, June 14th. Morgan Stanley upgraded shares of Tribune Media from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $37.00 to $43.50 in a report on Tuesday, May 9th.

According to the latest research reports released, 0 analysts have issued a rating of "buy", 1 analysts "outperform", 5 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". The third largest holder is Primecap Management Co/Ca/, which now holds $207.62 million worth of this stock and that ownership represents almost 5.93% of its market capitalization.

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