Brokerages Anticipate Tribune Publishing Co (NASDAQ:TPCO) to Announce ($0.02) Earnings Per Share

Tribune Publishing Co (NASDAQ:TPCO) has earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus price target of $18.00 for the company and are anticipating that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Tribune Publishing an industry rank of 149 out of 256 based on the ratings given to its competitors.

A number of brokerages have recently commented on TPCO. Noble Financial reiterated a “buy” rating and issued a $19.00 price target on shares of Tribune Publishing in a research note on Monday. TheStreet lowered shares of Tribune Publishing from a “c-” rating to a “d+” rating in a research note on Monday, May 20th. Finally, Zacks Investment Research lowered shares of Tribune Publishing from a “buy” rating to a “hold” rating in a research note on Saturday, July 13th.



Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC purchased a new position in shares of Tribune Publishing in the fourth quarter worth approximately $39,000. Legal & General Group Plc purchased a new position in Tribune Publishing during the fourth quarter valued at approximately $43,000. BNP Paribas Arbitrage SA purchased a new position in Tribune Publishing during the second quarter valued at approximately $33,000. Metropolitan Life Insurance Co. NY purchased a new position in Tribune Publishing during the fourth quarter valued at approximately $48,000. Finally, MetLife Investment Advisors LLC purchased a new position in Tribune Publishing during the fourth quarter valued at approximately $79,000. 38.77% of the stock is currently owned by institutional investors.

TPCO traded up $0.08 during trading on Thursday, hitting $7.21. 3,299 shares of the stock traded hands, compared to its average volume of 82,511. The company has a market cap of $271.32 million, a price-to-earnings ratio of 14.88 and a beta of 1.45. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 1.01. The company has a 50-day moving average price of $8.13. Tribune Publishing has a 12-month low of $7.00 and a 12-month high of $17.37.

Tribune Publishing (NASDAQ:TPCO) last posted its earnings results on Wednesday, August 7th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Tribune Publishing had a negative net margin of 0.34% and a positive return on equity of 4.93%. The firm had revenue of $250.33 million during the quarter. As a group, equities research analysts expect that Tribune Publishing will post 0.21 EPS for the current fiscal year.

Tribune Publishing Company Profile

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.

Recommended Story: What is a Roth IRA?

Get a free copy of the Zacks research report on Tribune Publishing (TPCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.