Brokerages Anticipate Tribune Publishing Co (TPCO) to Post …

Shares of Tribune Publishing Co (NASDAQ:TPCO) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokerages have set a 12 month 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 assigned Tribune Publishing an industry rank of 32 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised Tribune Publishing from a “hold” rating to a “strong-buy” rating and set a $17.00 target price for the company in a report on Saturday, November 17th.

Hedge funds have recently modified their holdings of the business. Matarin Capital Management LLC acquired a new position in Tribune Publishing in the 3rd quarter worth about $685,000. Bridgeway Capital Management Inc. acquired a new position in Tribune Publishing in the 3rd quarter worth about $852,000. Finally, Panagora Asset Management Inc. acquired a new position in Tribune Publishing in the 3rd quarter worth about $2,344,000. 38.42% of the stock is currently owned by institutional investors.

Shares of Tribune Publishing stock opened at $13.36 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $461.04 million, a PE ratio of 12.37 and a beta of 1.78. Tribune Publishing has a fifty-two week low of $10.82 and a fifty-two week high of $24.74.

Tribune Publishing (NASDAQ:TPCO) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.06). The firm had revenue of $255.77 million during the quarter, compared to analyst estimates of $233.80 million. Tribune Publishing had a net margin of 18.92% and a return on equity of 6.90%. Equities analysts anticipate that Tribune Publishing will post -0.15 earnings per share for the current fiscal year.

Tribune Publishing Company Profile

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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