Tribune Media Co (TRCO) Posts Earnings Results, Misses Estimates By $0.14 EPS

Tribune Media Co (TRCO) Posts Earnings Results, Misses Estimates By $0.14 EPS

Tribune Media (NYSE:TRCO) last released its quarterly earnings results on Wednesday, May 10th.

In its earnings report, Tribune said the TV division Q1 revenues hit $436 million, versus the $455.9 million hit in the first quarter of 2016. Tribune Media had a positive return on equity of 4.27% and a negative net margin of 18.26%. These analysts have also projected a Low Estimate of $-0.02/share and a High Estimate of $0.19/share. The company's revenue for the quarter was down 6.1% on a year-over-year basis. The highest share price NYSE:TRCO shares have reached in the prior twelve months is 43.04 with the lowest being 27.75. Shares are trading 1.74% above their 50-day moving average, and 3.46% below their 200-day moving average. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 267.13 and a beta of 1.44. Shares of Petroleo Brasileiro S.A. - Petrobras (PBR) are trading -22.77% downward from the 52-week high mark and 77.98% above from the fifty two-week low mark.

Stockholders of record on Monday, May 22nd will be paid a dividend of 0.25 per share on Tuesday, June 6th. It has been suggested as "Buy Opinions" from 2 and 0 issued "Sell Thoughts" for the stock. The ex-dividend date is Thursday, May 18th. Tribune Media Company P/E (price to earnings) ratio is 42.76 and Forward P/E ratio of 19.2.

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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.

More news: AG Josh Shapiro issues multiple charges against engineer in 2015 Amtrak crash

Tribune Media Company (TRCO) belonging to the Consumer Discretionary sector has surged 0.53% and closed its last trading session at $42.04.

Tribune Media Company has 86,650,000 shares which are now outstanding with shareholders and have a price of 41.89 bringing Tribune Media Company's market capitalisation to 3.63B United States dollars. Gabelli lowered Tribune Media from a "buy" rating to a "sell" rating in a report on Tuesday. The stock ended last trade at $79.46 a share and the price is up more than 8.85% so far this year. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock.

Receive Tribune Media Company News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tribune Media Company with MarketBeat.com's FREE daily email newsletter. While it's Return on Investment (ROI) value is 1.2%.

04/20/2017 - Tribune Media Co was downgraded to "market perform" by analysts at Wells Fargo. The Company has 52-week high of $43.04 and 52-week low of $24.65. Morgan Stanley boosted its position in Tribune Media by 181.2% in the third quarter.

Cardinal Health Inc (NYSE:CAH) stock price escalated 1.06% to finalize at $72.78 throughout previous buying and selling session. JPMorgan Chase & Co. raised its stake in Tribune Media by 7.0% in the first quarter. 5,109,230 shares of the company were exchanged.

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