Tribune Publishing (NASDAQ:TPCO) posted its earnings results on Thursday. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.42), Fidelity Earnings reports. Tribune Publishing had a positive return on equity of 4.93% and a negative net margin of 0.34%. The business had revenue of $236.03 million during the quarter, compared to the consensus estimate of $227.90 million.
Shares of Tribune Publishing stock traded down $0.13 on Friday, reaching $9.57. The stock had a trading volume of 141,500 shares, compared to its average volume of 97,636. Tribune Publishing has a fifty-two week low of $7.00 and a fifty-two week high of $16.46. The stock has a market cap of $330.66 million, a P/E ratio of 18.14 and a beta of 1.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.04. The business’s 50-day moving average price is $8.52 and its two-hundred day moving average price is $8.76.
A number of brokerages have recently weighed in on TPCO. Noble Financial set a $19.00 price objective on shares of Tribune Publishing and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Zacks Investment Research cut shares of Tribune Publishing from a “hold” rating to a “sell” rating in a research note on Friday, August 30th.
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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