Tribune Media posts surprise quarterly loss

Randall Padilla
May 13, 2017

Over the last twelve months Tribune Media Company's share price has increased from 32.06 to 41.9, changing by 30.69%.

While looking at the Stock's Performance, Tribune Media Company now shows a Weekly Performance of 9.02%, where Monthly Performance is 12.56%, Quarterly performance is 44.55%, 6 Months performance is 64.91% and yearly performance percentage is 36.69%. The company is expected to report EPS as high as $0.53 and as low as $0.39 per share. Wells Fargo & Co downgraded Tribune Media from an "outperform" rating to a "market perform" rating in a report on Thursday, April 20th. The Weekly and Monthly Volatility stands at 1.84% and 2.14%.

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. The ex-dividend date of this dividend is Thursday, May 18th.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, TRCO earned gross profit of 1.57 Billion, in 2015 1.47 Billion gross profit, while in 2016 Tribune Media Company (TRCO) produced 1.51 Billion profit. The stock is presently trading up its SMA-50 of $42.94.

Tribune Media Company (TRCO) will report its next earnings on May 10 BMO. The business had revenue of $439.90 million during the quarter, compared to the consensus estimate of $450.18 million. Finally, Sei Investments Co. increased its stake in shares of Tribune Media by 237.1% in the first quarter. Zacks Investment Research raised Tribune Media from a "strong sell" rating to a "hold" rating in a research note on Wednesday, January 11th. Morgan Stanley now owns 2,267,633 shares of the company's stock valued at $82,814,000 after buying an additional 1,461,200 shares during the period.

Among 7 analysts covering Tribune Media (NYSE:TRCO), 2 have Buy rating, 2 Sell and 3 Hold. Analysts giving shares a rating of 1 or 2 would be indicating a Buy.

Tribune Media Company (NYSE:TRCO) yesterday was the subject of a new research report issued by Morgan Stanley in which it was upgraded as "Equal Weight" by analysts at the firm. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 267.77 and a beta of 1.44. 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. During the same period in the previous year, the firm posted $0.22 EPS. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and worldwide trademark & copyright legislation. Investors of record on Monday, May 22nd will be paid a $0.25 dividend. Tribune Media's dividend payout ratio is now -24.39%. The correct version of this article can be read at https://www.themarketsdaily.com/2017/05/12/gabelli-lowers-tribune-media-co-trco-to-sell.html. HighTower Advisors LLC boosted its position in shares of Tribune Media by 1.1% in the third quarter.

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