Shares of Tribune Publishing Co. (NASDAQ:TRNC) have earned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Tribune Publishing’s rating score has improved by 33.3% in the last three months as a result of various analysts’ ratings changes.
Brokers have set a 1 year consensus target price of $21.00 for the company and are expecting that the company will post ($0.15) EPS for the current quarter, according to Zacks. Zacks has also given Tribune Publishing an industry rank of 100 out of 265 based on the ratings given to related companies.
Separately, Noble Financial started coverage on Tribune Publishing in a research report on Tuesday, August 23rd. They set a “buy” rating and a $21.00 target price for the company.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Gabelli Funds LLC acquired a new position in shares of Tribune Publishing during the second quarter valued at about $298,000. Rhumbline Advisers acquired a new position in shares of Tribune Publishing during the second quarter valued at about $322,000. Gabelli Securities Inc. acquired a new position in shares of Tribune Publishing during the second quarter valued at about $400,000. Finally, Seizert Capital Partners LLC acquired a new position in shares of Tribune Publishing during the second quarter valued at about $1,742,000. Institutional investors and hedge funds own 61.09% of the company’s stock.
Tribune Publishing (NASDAQ:TRNC) opened at 17.50 on Thursday. The company’s market cap is $637.23 million. Tribune Publishing has a 52-week low of $5.45 and a 52-week high of $17.81. The firm’s 50-day moving average price is $16.71 and its 200-day moving average price is $13.14.
Tribune Publishing (NASDAQ:TRNC) last announced its earnings results on Wednesday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Tribune Publishing had a positive return on equity of 209.98% and a negative net margin of 0.35%. The business earned $405 million during the quarter, compared to analyst estimates of $402.81 million. On average, equities analysts anticipate that Tribune Publishing will post $0.13 EPS for the current year.
Tribune Publishing Company Profile
tronc, Inc, formerly Tribune Publishing Company, is a content curation and monetization company focused on creating and distributing content across all channels. The Company’s portfolio of news and information brands includes daily and weekly titles, digital properties and verticals in markets across the country.
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