Tribune Media Company Class A C (NYSE:TRCO):
Tribune Media Company to Report Third Quarter 2016 Financial Results and Host Conference Call.
The company is down by -0.15 percent from yesterday’s close.
Tribune Media Company Class A C also declared a dividend which was paid on Friday the 2nd of September 2016. The dividend payment was $0.250 per share for the quarter or $1.00 annualized. The dividend yield was $3.02. The ex-dividend date was Wednesday the 17th of August 2016.
Shares of the company are trading at $32.45 marginally under $35.29, the stock’s 50 day moving average and just below the 200 day moving average of $37.78. The 50 day moving average went down $-2.84 or -8.04% whereas the 200 day moving average was down $-5.33 or -14.11%.
As of the latest earnings report the EPS was $-5.41 and is estimated to be $2.19 for the current year with 90,583,000 shares currently outstanding. Next quarter’s EPS is forecasted at $1.04 with next year’s EPS anticipated to be $1.64.
Several Wall Street investment firms have issued ratings on TRCO. Morgan Stanley lowered the price target and downgraded the stock on June 1 changing the price objective from $45.00 to $36.00 and changing the rating from “Equal-weight” to “Underweight”. On June 1 the company was downgraded to “Underweight” from “Equal-weight” with a current price target of $36.00 by analysts at Morgan Stanley.
On November 18 analysts at Stephens & Co. initiated coverage on TRCO with an initial rating of “Equal-weight” and setting a price target of $42.00. November 11 investment analysts at Jefferies held the company rating at “Hold” but lowered the price target from $50.00 to $47.00.
On October 13, 2015 Evercore ISI started covering the stock giving it an initial rating of “Buy” and establishing a price target of $47.00. Morgan Stanley released its first research report on the stock setting a rating of “Equal-weight” and price target of $45.00.