According to Zacks, “Tribune Publishing Company is a media company. It offers sports, entertainment, business, real estate and travel news and information primarily in the United States. The company operates local media businesses with titles including the Chicago Tribune, New York Daily News, The Baltimore Sun, Orlando Sentinel, South Florida’s Sun-Sentinel, Virginia’s Daily Press and The Virginian-Pilot, The Morning Call of Lehigh Valley, Pennsylvania, and the Hartford Courant. Tribune Publishing Company, formerly known as Tronc, Inc., is headquartered in Chicago, Illinois. “
A number of other research analysts have also recently issued reports on the stock. TheStreet cut shares of Tribune Publishing from a c- rating to a d+ rating in a research report on Monday, May 20th. Noble Financial set a $19.00 price target on shares of Tribune Publishing and gave the company a buy rating in a research report on Monday, March 18th.
Tribune Publishing (NASDAQ:TPCO) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Tribune Publishing had a net margin of 24.95% and a return on equity of 2.63%. The business had revenue of $244.53 million for the quarter, compared to analysts’ expectations of $235.40 million. On average, research analysts anticipate that Tribune Publishing will post 0.38 earnings per share for the current year.
The company also recently announced a special dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Wednesday, June 12th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Tuesday, June 11th.
A number of institutional investors have recently modified their holdings of the business. FMR LLC purchased a new position in Tribune Publishing in the fourth quarter worth about $39,000. Legal & General Group Plc purchased a new position in Tribune Publishing in the fourth quarter worth about $43,000. Great West Life Assurance Co. Can purchased a new position in Tribune Publishing in the fourth quarter worth about $42,000. Metropolitan Life Insurance Co. NY purchased a new position in Tribune Publishing in the fourth quarter worth about $48,000. Finally, Water Island Capital LLC raised its holdings in Tribune Publishing by 19.6% in the first quarter. Water Island Capital LLC now owns 32,034 shares of the company’s stock worth $378,000 after buying an additional 5,244 shares during the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.
Tribune Publishing Company Profile
Tribune Publishing Company, a media company, publishes newspapers worldwide. The company operates in two segments, M and X. It publishes daily newspapers; weekly newspapers; and digital platforms, such as Websites and mobile applications. The company also provides various digital marketing services, which include the development of mobile Websites, search engine marketing and optimization, social media account management, and content marketing for its customers' Web presence for small to medium size businesses.
Read More: Diversification in Your Portfolio
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tribune Publishing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tribune Publishing and related companies with MarketBeat.com's FREE daily email newsletter.