McClatchy Company (The) (NYSE:MNI):
Kelly Mirt Promoted to Publisher, VP of Advertising for The Wichita Eagle.
The company is up by 1.51% since yesterday’s close of $8.61.
The McClatchy Company, launched on November 18, 1997, is a news and information publisher of various publications, such as the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, and the (Fort Worth) Star-Telegram. The Business’s segments include Western Segment and Eastern Segment. Its Western Segment consists of its newspaper operations in California, the Northwest and the Midwest. The Business’s Eastern Segment consists primarily of newspaper operations in the Southeast and Florida. The Company operates 30 media companies in 29 United States markets in 14 states, providing each of these communities with news and advertising services in a range of digital and print formats..
The stock last traded at $8.74 marginally under $9.84, the stock’s 50 day moving average and just below the 200 day moving average of $11.03. The 50 day moving average went down by -11.19% and the 200 day average went down $-2.29 or -20.77%.
As of the last earnings report the EPS was $-15.34 and is expected to be $-2.48 for the current year with 7,621,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $-0.60 with next year’s EPS anticipated to be $-2.36.
Several brokerages have released opinions on McClatchy Company (The). Noble Financial initiated coverage setting a rating of “Buy” and projecting a price target of $3.50.