Shares of Tribune Publishing Co (NASDAQ:TPCO) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokers have set a 1 year consensus target price of $23.00 for the company and are forecasting that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also given Tribune Publishing an industry rank of 24 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Tribune Publishing from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 5th.
TPCO stock traded down $0.03 during midday trading on Friday, hitting $12.99. The company’s stock had a trading volume of 12,660 shares, compared to its average volume of 156,334. The stock has a market capitalization of $461.04 million, a PE ratio of 12.03 and a beta of 1.78. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.02. Tribune Publishing has a 52-week low of $10.82 and a 52-week high of $24.74.
Tribune Publishing (NASDAQ:TPCO) last announced its earnings results on Wednesday, November 7th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). The firm had revenue of $255.77 million during the quarter, compared to analysts’ expectations of $233.80 million. Tribune Publishing had a net margin of 18.92% and a return on equity of 6.90%. Analysts expect that Tribune Publishing will post -0.15 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Matarin Capital Management LLC acquired a new stake in Tribune Publishing during the third quarter worth approximately $685,000. Bridgeway Capital Management Inc. purchased a new position in Tribune Publishing during the third quarter worth approximately $852,000. Finally, Panagora Asset Management Inc. purchased a new position in Tribune Publishing during the third quarter worth approximately $2,344,000. 38.42% of the stock is owned by hedge funds and other institutional investors.
About Tribune Publishing
Tribune Publishing Company, a media company, publishes newspapers worldwide. The company operates in two segments, troncM and troncX. It publishes daily newspapers; weekly newspapers; and digital platforms, such as Websites and mobile applications. The company also provides various digital marketing services, which include the development of mobile Websites, search engine marketing and optimization, social media account management, and content marketing for its customers’ Web presence for small to medium size businesses.
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