Shares of Tribune Publishing Co (NASDAQ:TPCO) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 1-year consensus price target of $20.00 for the company and are anticipating that the company will post $0.01 earnings per share 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.
A number of research firms have recently weighed in on TPCO. Zacks Investment Research downgraded shares of Tribune Publishing from a “buy” rating to a “hold” rating in a report on Wednesday. Noble Financial restated a “buy” rating on shares of Tribune Publishing in a report on Sunday, January 20th.
TPCO stock opened at $12.29 on Friday. Tribune Publishing has a 12-month low of $10.82 and a 12-month high of $24.74. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.22 and a quick ratio of 1.17. The company has a market capitalization of $410.84 million, a price-to-earnings ratio of 11.38 and a beta of 1.78.
Tribune Publishing (NASDAQ:TPCO) last released 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). Tribune Publishing had a return on equity of 6.90% and a net margin of 18.92%. The company had revenue of $255.77 million during the quarter, compared to analysts’ expectations of $233.80 million. On average, research analysts expect that Tribune Publishing will post -0.39 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in shares of Tribune Publishing during the 4th quarter valued at $84,000. First Quadrant L P CA bought a new position in shares of Tribune Publishing during the 4th quarter valued at $96,000. Oppenheimer Asset Management Inc. bought a new position in shares of Tribune Publishing during the 4th quarter valued at $118,000. Teton Advisors Inc. bought a new position in shares of Tribune Publishing during the 4th quarter valued at $307,000. Finally, Bank of Montreal Can bought a new position in shares of Tribune Publishing during the 4th quarter valued at $355,000. Institutional investors and hedge funds own 38.82% of the company’s stock.
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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