Tribune Media Swings to First-Quarter Loss

Lucy Hill
May 13, 2017

Tribune Media Company (NYSE:TRCO), maintained return on investment for the last twelve months at 0.97, higher than what Reuters data shows regarding industry's average. The Weekly and Monthly Volatility stands at 1.84% and 2.14%. The ex-dividend date is Thursday, May 18th.

Jefferies Group LLC reissued a "hold" rating and set a $42.00 target price (up from $36.00) on shares of Tribune Media in a research report on Thursday. The stock had a trading volume of 4,337,063 shares. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 267.77 and a beta of 1.44.

Petroleo Brasileiro S.A. - Petrobras (PBR) stock price distance from twenty day simple moving average surged at 5.58% while its distance from fifty day simple moving average raised 3.23% along with -2.84% below distance from two hundred simple moving averages. 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.

Tribune Media Co (NYSE:TRCO) have shown a low EPS growth of -12.63% in the last 5 years and has earnings growth of 125.80% yoy.

"We expect the next three quarters will be strong as we cycle past core advertising displacement, realize significant acceleration of retransmission revenues and continue disciplined expense management across the company", said Peter Kern, interim CEO of the company, in a statement ahead of an analyst call. Tribune Media had a positive return on equity of 4.27% and a negative net margin of 18.26%.

Maximum and minimum EPS estimate for the current quarter is projected at $0.53 and $0.43, respectively, according to 5 analysts. Creative Planning now owns 3,000 shares of the company's stock valued at $112,000 after buying an additional 1,800 shares in the last quarter. On average, analysts anticipate that Tribune Media will post $1.50 earnings per share for the current fiscal year.

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These analysts also forecasted Growth Estimates for the Current Quarter for TRCO to be -61.1%.

Tribune Media Company shares increased 9.42 percent over the past week and rose 11.99 percent over the previous month.

Shares of Tribune Media (NYSE:TRCO) traded down 1.62% during trading on Thursday, reaching $41.36.

When it comes to the Analysis of a Stock, Price Target plays a vital role. Morgan Stanley initiated the shares of TRCO in report on Wednesday, August 19 with "Equal Weight" rating. Nationwide Fund Advisors bought a new stake in shares of Tribune Media during the first quarter valued at about $103,000. Morgan Stanley boosted its position in Tribune Media by 181.2% in the third quarter.

Another critical number in evaluating a stock is P/E or the price to earnings ratio.

Whereas they predicted High and Low Earnings Estimate as $0.53 and $0.27 respectively. BNP Paribas Arbitrage SA now owns 539,658 shares of the company's stock valued at $20,113,000 after buying an additional 536,329 shares during the period.

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