Media coverage about Tribune Media (NYSE:TRCO) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tribune Media earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the company an impact score of 47.8505788777769 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- $482.65 Million in Sales Expected for Tribune Media (TRCO) This Quarter (americanbankingnews.com)
- Tribune Media (TRCO) Expected to Post Earnings of $0.54 Per Share (americanbankingnews.com)
- Q2 2018 EPS Estimates for Tribune Media Boosted by Analyst (TRCO) (americanbankingnews.com)
- Tribune Media (TRCO) Announces Quarterly Dividend of $0.25 (americanbankingnews.com)
- Sinclair CEO remains confident Tribune acquisition will be completed (bizjournals.com)
TRCO has been the subject of several research analyst reports. Zacks Investment Research cut shares of Tribune Media from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. ValuEngine cut shares of Tribune Media from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, Deutsche Bank raised shares of Tribune Media from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Monday, May 7th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $43.67.
Tribune Media (NYSE:TRCO) last issued its quarterly earnings results on Thursday, May 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.39. Tribune Media had a net margin of 22.72% and a return on equity of 5.64%. The company had revenue of $443.64 million during the quarter, compared to analysts’ expectations of $456.85 million. During the same period last year, the company posted ($0.07) EPS. Tribune Media’s revenue was up .8% on a year-over-year basis. research analysts forecast that Tribune Media will post 2.46 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 5th. Investors of record on Monday, May 21st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.64%. Tribune Media’s dividend payout ratio (DPR) is currently 70.92%.
Tribune Media Company Profile
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, MY 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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