Analysts predict that Tribune Media Co (NYSE:TRCO) will report sales of $460.32 million for the current quarter, according to Zacks. Three analysts have made estimates for Tribune Media’s earnings, with the highest sales estimate coming in at $470.95 million and the lowest estimate coming in at $451.00 million. Tribune Media reported sales of $439.91 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.6%. The company is scheduled to issue its next earnings report on Wednesday, May 9th.
On average, analysts expect that Tribune Media will report full year sales of $460.32 million for the current fiscal year, with estimates ranging from $1.97 billion to $2.01 billion. For the next financial year, analysts anticipate that the company will post sales of $1.95 billion per share. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Tribune Media.
Tribune Media (NYSE:TRCO) last released its quarterly earnings data on Thursday, March 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.31. Tribune Media had a net margin of 10.50% and a return on equity of 4.13%. The company had revenue of $489.00 million during the quarter, compared to the consensus estimate of $488.13 million. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Tribune Media’s revenue for the quarter was down 7.7% on a year-over-year basis.
Several institutional investors and hedge funds have recently made changes to their positions in TRCO. Cerebellum GP LLC acquired a new stake in shares of Tribune Media during the fourth quarter worth about $132,000. Nationwide Fund Advisors boosted its stake in shares of Tribune Media by 80.6% during the second quarter. Nationwide Fund Advisors now owns 4,976 shares of the company’s stock worth $203,000 after buying an additional 2,220 shares during the period. LMR Partners LLP acquired a new stake in shares of Tribune Media during the third quarter worth about $204,000. State of Alaska Department of Revenue acquired a new stake in shares of Tribune Media during the fourth quarter worth about $212,000. Finally, Vident Investment Advisory LLC acquired a new stake in shares of Tribune Media during the third quarter worth about $251,000. Institutional investors and hedge funds own 86.97% of the company’s stock.
Tribune Media (NYSE TRCO) opened at $41.59 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.91. Tribune Media has a 12 month low of $35.98 and a 12 month high of $43.71. The stock has a market cap of $3,619.50, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 6.82 and a beta of 1.36.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Monday, March 12th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $1.00 annualized dividend and a yield of 2.40%. Tribune Media’s dividend payout ratio is presently 46.08%.
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About Tribune Media
Tribune Media Company, through its subsidiaries, operates as a media and entertainment company in the United States. It offers news, entertainment, and sports programming through Tribune Broadcasting local television stations, including FOX television affiliates, CW Network, LLC television affiliates, CBS television affiliates, ABC television affiliates, NBC television affiliates, and independent television stations; and television series and movies on WGN America, a national general entertainment cable network.
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