Analysts predict that Tribune (NYSE:TRCO) will post earnings of $0.55 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Tribune’s earnings, with estimates ranging from $0.45 to $0.64. Tribune posted earnings of $0.31 per share during the same quarter last year, which would suggest a positive year over year growth rate of 77.4%. The firm is expected to report its next quarterly earnings results on Wednesday, November 14th.
On average, analysts expect that Tribune will report full-year earnings of $3.10 per share for the current financial year, with EPS estimates ranging from $2.85 to $3.34. For the next financial year, analysts forecast that the company will report earnings of $1.85 per share, with EPS estimates ranging from $1.42 to $2.17. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Tribune.
Tribune (NYSE:TRCO) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.40. The company had revenue of $489.36 million during the quarter, compared to the consensus estimate of $483.10 million. Tribune had a return on equity of 7.18% and a net margin of 28.61%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 EPS.
Shares of TRCO traded down $0.15 during trading hours on Friday, hitting $37.82. 65,954 shares of the company were exchanged, compared to its average volume of 1,466,132. The company has a market cap of $3.32 billion, a PE ratio of 26.90 and a beta of 1.22. Tribune has a 52 week low of $31.61 and a 52 week high of $43.71. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.24 and a current ratio of 3.24.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Monday, August 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.64%. Tribune’s dividend payout ratio is presently 70.92%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in Tribune by 813.2% in the 1st quarter. Royal Bank of Canada now owns 2,977 shares of the company’s stock valued at $121,000 after acquiring an additional 2,651 shares in the last quarter. NumerixS Investment Technologies Inc raised its holdings in Tribune by 170.1% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 3,782 shares of the company’s stock valued at $144,000 after acquiring an additional 2,382 shares in the last quarter. Quantbot Technologies LP acquired a new position in Tribune in the 1st quarter valued at approximately $194,000. Signition LP acquired a new position in Tribune in the 1st quarter valued at approximately $206,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in Tribune in the 2nd quarter valued at approximately $230,000. 94.19% of the stock is owned by institutional investors and hedge funds.
Tribune 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, MY 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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