Tribune Media (TRCO) Receiving Somewhat Favorable News Coverage, Report Finds

Reuters

Reuters

Tribune Media Company (TRCO) shares saw a recent bid of $42.04 and 7.72M shares have exchanged hands in the recent trading session, yielding a 6.19% gain over the past week. The stock is presently trading up its SMA-50 of $42.94.

Several other equities analysts have also recently weighed in on the company. Wells Fargo had a markedly different take on 20/04/2017, proposing that Tribune Media Company is now considered Market Perform versus prior Outperform rating. Analysts giving shares a rating of 1 or 2 would be indicating a Buy.

Tribune Media Company is a diversified media and entertainment business. Jefferies Group LLC cut their target price on shares of Tribune Media from $34.00 to $30.00 and set a hold rating on the stock in a research note on Thursday, January 26th.

Shares of Tribune Media (NYSE:TRCO) traded down 1.62% during trading on Thursday, reaching $41.36. The company has market cap of $3.63 billion. Looking at this figure it suggests that the shares of Tribune Media Company (TRCO) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Tribune Media Company (TRCO) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. For the next 5 years, Tribune Media Company is expecting Growth of 3% per annum, whereas in the past 5 years the growth was -12.63% per annum. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.07 by $0.14. The business had revenue of $439.90 million during the quarter, compared to the consensus estimate of $450.18 million.

Malcolm Turnbull says Donald Trump like 'family' after pair's first meeting
Mr Turnbull would only offer limited details about his bilateral meeting with Mr Trump, but said they did talk about immigration. But the bill's approval in the House on Thursday sent the legislation to the Senate, where it has little support.

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%.

The company said the Television and Entertainment Segment revenue decrease was driven by a $17.7 million drop in net core advertising revenue and a $13.7 million decrease in net political ad revenue, and was partially offset by an increase in retransmission revenues of $10.7 million, or 13%, and an increase in carriage fee revenues of $2.6 million, or 8%. Its last 5-Year EPS growth stands at 9.60% with earnings growth of 2.70% yoy. On average, analysts forecast that Tribune Media will post $1.41 EPS for the current year. Investors of record on Monday, May 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 18th. The Weekly and Monthly Volatility stands at 1.84% and 2.14%. Tribune Media Company P/E (price to earnings) ratio is 42.76 and Forward P/E ratio of 19.2. If you are viewing this report on another website, it was illegally stolen and reposted in violation of USA and worldwide copyright and trademark legislation. The company has grown 10.23% in past 3 months and in the last five trades has moved down -1.07%. Asset Management One Co. First Command Bank bought a new stake in shares of Tribune Media during the fourth quarter valued at about $121,000.

ILLEGAL ACTIVITY WARNING: "Tribune Media Co Announces Quarterly Dividend of $0.25 (trco)" was published by Transcript Daily and is owned by of Transcript Daily. Sei Investments Co. now owns 5,370 shares of the company's stock valued at $200,000 after buying an additional 3,777 shares in the last quarter.

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