Shares of Tribune Media Co. (NYSE:TRCO) have earned an average recommendation of “Hold” from the eight ratings firms that are covering the firm. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $46.33.
A number of equities analysts have recently weighed in on TRCO shares. Wells Fargo & Co. reiterated a “buy” rating on shares of Tribune Media in a research note on Monday, September 26th. Jefferies Group reiterated a “hold” rating on shares of Tribune Media in a research note on Thursday, August 25th. Finally, Zacks Investment Research lowered Tribune Media from a “hold” rating to a “sell” rating in a research note on Wednesday, October 19th.
Shares of Tribune Media (NYSE:TRCO) traded up 0.12% during trading on Monday, reaching $34.29. The company’s stock had a trading volume of 167,814 shares. Tribune Media has a 52-week low of $26.10 and a 52-week high of $40.72. The firm’s 50-day moving average is $33.59 and its 200 day moving average is $37.01. The company’s market cap is $3.00 billion.
Tribune Media (NYSE:TRCO) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.04. The business earned $518.10 million during the quarter, compared to the consensus estimate of $547.90 million. Tribune Media had a negative net margin of 18.26% and a positive return on equity of 4.27%. Tribune Media’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. On average, equities research analysts predict that Tribune Media will post $2.03 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Monday, November 21st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $1.00 dividend on an annualized basis and a yield of 2.92%. Tribune Media’s dividend payout ratio (DPR) is presently -24.39%.
Institutional investors have recently bought and sold shares of the company. US Bancorp DE raised its position in Tribune Media by 0.3% in the second quarter. US Bancorp DE now owns 12,164 shares of the company’s stock worth $477,000 after buying an additional 35 shares during the period. BlackRock Advisors LLC increased its stake in shares of Tribune Media by 0.4% in the third quarter. BlackRock Advisors LLC now owns 43,401 shares of the company’s stock worth $1,585,000 after buying an additional 173 shares in the last quarter. Aperio Group LLC increased its stake in shares of Tribune Media by 2.0% in the third quarter. Aperio Group LLC now owns 10,337 shares of the company’s stock worth $378,000 after buying an additional 201 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Tribune Media by 9.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 2,571 shares of the company’s stock worth $101,000 after buying an additional 220 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of Tribune Media by 2.5% in the second quarter. Amalgamated Bank now owns 9,618 shares of the company’s stock worth $375,000 after buying an additional 238 shares in the last quarter.