Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The median target of analyst views collected by Yahoo Finance was as much as $1.92 below TRCO's recent stock price.
TRCO has been the subject of several recent analyst reports. BWS Financial cut their target price on shares of Tribune Media Company from $54.00 to $48.00 and set a "buy" rating for the company in a research note on Monday, May 1st. Finally, Wells Fargo & Company downgraded Tribune Media Company from an outperform rating to a market perform rating in a research report on Thursday, April 20th. Gabelli downgraded shares of Tribune Media Company from a "buy" rating to a "sell" rating in a research report on Tuesday, May 9th.
Now the shares of Tribune Media Company (TRCO) has a trading volume of 3.5 Million shares, with an average trading volume of 2520 shares - with shares dropping to a 52 week low of $24.98, and the company's shares hitting a 52 week high of $ 43.04. Jefferies Group LLC now has a $42.00 price target on the stock.
Market capitalization is the total market value of all of a company's outstanding shares.
Tribune Media Company, launched on March 19, 1968, is a diversified media and entertainment business.
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Tribune Media Company (NYSE:TRCO) last issued its quarterly earnings data on Wednesday, May 10th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.07 by $0.14. The business had revenue of $439.90 million for the quarter, compared to analysts' expectations of $450.18 million. The firm's quarterly revenue was down 6.1% on a year-over-year basis.
Shares of the company have shown an EPS growth of -12.63% in the last 5 years. Tribune Media Company presently has a consensus rating of "Hold" and an average target price of $44.50.
The company recently announced a dividend paid on Tuesday June 6th, 2017. Shareholders of record on Monday, May 22nd were issued a dividend of $0.25 per share. The dividend yield was $2.43. The ex-dividend date was Thursday, May 18th. Tribune Media Company's dividend payout ratio is now -108.70%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. The current share price indicates that stock is -4.79% away from its one year high and is moving 64.07% ahead of its 52-week low. The company maintains price to book ratio of 1.21. Additionally, the Company owns and manages a significant number of real estate properties across the US and holds a variety of investments, including a 32% interest in CareerBuilder, LLC and a 31% interest in Television Food Network, G.P., which operates Food Network and Cooking Channel. Sei Investments Co. boosted its position in shares of Tribune Media Company by 237.1% in the first quarter. Steinberg Global Asset Management now owns 40,529 shares of the company's stock valued at $1,511,000 after buying an additional 989 shares in the last quarter. Finally, Clinton Group Inc. acquired a new position in Tribune Media Company during the third quarter valued at about $956,000. The IDIQ contract has a value of up to $1 billion over five years. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of United States and worldwide trademark and copyright laws.
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