Tribune Media (TRCO) Earning Somewhat Positive Media Coverage, Analysis Shows

Media coverage about Tribune Media (NYSE:TRCO) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tribune Media earned a daily sentiment score of 0.00 on Accern’s scale. Accern also assigned news articles about the company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern’s scoring:

Tribune Media (NYSE TRCO) opened at 41.31 on Tuesday. Tribune Media has a 52 week low of $27.75 and a 52 week high of $43.04. The firm’s 50-day moving average price is $39.86 and its 200 day moving average price is $36.33. The firm’s market cap is $3.59 billion.

Tribune Media (NYSE:TRCO) last released its earnings results on Wednesday, May 10th. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.14. The firm had revenue of $439.90 million during the quarter, compared to the consensus estimate of $450.18 million. Tribune Media had a positive return on equity of 4.40% and a negative net margin of 4.09%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. Equities analysts forecast that Tribune Media will post $1.42 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on TRCO shares. Wells Fargo & Company cut shares of Tribune Media from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 20th. BWS Financial cut their price objective on shares of Tribune Media from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, May 1st. Gabelli cut shares of Tribune Media from a “buy” rating to a “sell” rating in a research report on Tuesday, May 9th. Morgan Stanley raised shares of Tribune Media from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $37.00 to $43.50 in a research report on Tuesday, May 9th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $47.00 target price (up previously from $36.00) on shares of Tribune Media in a research note on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Tribune Media has a consensus rating of “Hold” and a consensus price target of $44.50.

WARNING: “Tribune Media (TRCO) Earning Somewhat Positive Media Coverage, Analysis Shows” was published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://transcriptdaily.com/2017/07/18/tribune-media-company-trco-given-daily-news-impact-rating-of-0-00-updated-updated.html.

Insider Buying and Selling by Quarter for Tribune Media (NYSE:TRCO)

Receive News & Ratings for Tribune Media Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tribune Media Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply