Shares of Tribune Media (NYSE:TRCO) opened at 42.04 on Tuesday.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th.
Revenue during the same period is expected to grow from $1.95 Billion to $2.26 Billion in 2020 and profit is predicted to shoot up from $14 Million to $219 Million in 2020, roughly growing 15.4x. The ex-dividend date is Thursday, May 18th.
Now the shares of Tribune Media Company (TRCO) has a trading volume of 7.72 Million shares, with an average trading volume of 7370 shares - with shares dropping to a 52 week low of $24.65, and the company's shares hitting a 52 week high of $ 43.04. The company's market capitalization is $3.59 billion. Shares are trading 1.74% above their 50-day moving average, and 3.46% below their 200-day moving average. The 52 week high Tribune Media Company's shares have peaked at is 43.04 whilst the 52 week low for the company's shares is 27.75.
Over the last 5 years, Tribune Media Company has averaged a -12.63% YoY EPS growth rate and a -8.90% revenue growth rate. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of $0.07 by $0.14.
Tribune Media's Return on Equity of 2.4% leaves a lot to be desired and to make things worse this is below the industry average of 18.26%. During the same quarter in the prior year, the business earned $0.22 EPS. During the same period a year ago, the company posted $0.22 earnings per share.
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Tribune Media's retransmission and carriage fee revenues both rose in the first quarter as the company prepares to be absorbed by Sinclair.
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Analysts and investors will be looking ahead to the next company earnings report which is scheduled to be on or around 2017-08-08 for the period ending 2017-06-30. Zacks Investment Research raised Tribune Media from a "strong sell" rating to a "hold" rating in a report on Wednesday, January 11th. BWS Financial cut their price target on Tribune Media from $54.00 to $48.00 and set a "buy" rating for the company in a report on Monday, May 1st.
How is Tribune Media going to perform in the future?They now have a Dollars 42 price target on the stock. Tribune Media's dividend payout ratio is presently -24.39%. The original version of this report can be viewed at https://sportsperspectives.com/2017/05/12/tribune-media-co-trco-upgraded-at-morgan-stanley.html.
Several large investors have recently made changes to their positions in TRCO. Creative Planning increased its stake in shares of Tribune Media by 150.0% in the first quarter.
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. BlackRock Advisors LLC now owns 43,401 shares of the company's stock valued at $1,585,000 after buying an additional 173 shares during the period.