Analysts Anticipate Tribune Publishing Co (NASDAQ:TPCO) Will Post Earnings of $0.01 Per Share

Equities analysts expect that Tribune Publishing Co (NASDAQ:TPCO) will post $0.01 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Tribune Publishing’s earnings. The business is expected to issue its next quarterly earnings report on Thursday, November 7th.

According to Zacks, analysts expect that Tribune Publishing will report full year earnings of ($0.01) per share for the current fiscal year. For the next year, analysts anticipate that the company will report earnings of $0.13 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Tribune Publishing.

Tribune Publishing (NASDAQ:TPCO) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.42). Tribune Publishing had a negative net margin of 0.34% and a positive return on equity of 4.93%.

Several brokerages recently weighed in on TPCO. Zacks Investment Research downgraded Tribune Publishing from a “hold” rating to a “sell” rating in a report on Friday, August 30th. Noble Financial set a $19.00 price target on Tribune Publishing and gave the stock a “buy” rating in a report on Tuesday, August 20th.

Tribune Publishing stock opened at $9.57 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average price of $8.52 and a 200-day moving average price of $8.76. Tribune Publishing has a twelve month low of $7.00 and a twelve month high of $16.46. The company has a market capitalization of $330.66 million, a P/E ratio of 18.14 and a beta of 1.48.

A number of large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its position in Tribune Publishing by 9.0% during the third quarter. Rhumbline Advisers now owns 27,012 shares of the company’s stock valued at $232,000 after buying an additional 2,238 shares during the period. Campbell & CO Investment Adviser LLC boosted its stake in shares of Tribune Publishing by 51.9% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 19,739 shares of the company’s stock worth $169,000 after acquiring an additional 6,746 shares in the last quarter. Parallax Volatility Advisers L.P. bought a new stake in shares of Tribune Publishing during the 2nd quarter worth about $1,238,000. Water Island Capital LLC boosted its stake in shares of Tribune Publishing by 127.1% during the 2nd quarter. Water Island Capital LLC now owns 72,734 shares of the company’s stock worth $580,000 after acquiring an additional 40,700 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC boosted its stake in shares of Tribune Publishing by 30.8% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 170,000 shares of the company’s stock worth $1,355,000 after acquiring an additional 40,000 shares in the last quarter. Hedge funds and other institutional investors own 35.76% of the company’s stock.

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.

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