Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Tribune Media (TRCO) Stock Price

Media stories about Tribune Media (NYSE:TRCO) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tribune Media earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.0299337735737 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

Several equities research analysts recently issued reports on TRCO shares. Jefferies Group LLC reissued a “hold” rating and set a $42.00 price target on shares of Tribune Media in a research report on Monday, August 14th. Zacks Investment Research raised Tribune Media from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. BidaskClub lowered Tribune Media from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th. Finally, Deutsche Bank AG started coverage on Tribune Media in a research report on Friday, October 20th. They issued a “hold” rating and a $42.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Tribune Media has an average rating of “Hold” and an average price target of $43.88.

Tribune Media (NYSE:TRCO) opened at $40.86 on Thursday. Tribune Media has a 52 week low of $27.75 and a 52 week high of $43.04. The stock has a market capitalization of $3,561.88, a price-to-earnings ratio of 28.14, a PEG ratio of 12.25 and a beta of 1.52. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.01.

Tribune Media (NYSE:TRCO) last announced its earnings results on Wednesday, November 8th. The company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.06). Tribune Media had a negative net margin of 6.12% and a positive return on equity of 4.11%. The firm had revenue of $450.53 million for the quarter, compared to the consensus estimate of $459.81 million. During the same period in the prior year, the business earned $0.56 EPS. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. research analysts expect that Tribune Media will post 1.11 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Monday, November 20th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 17th. This represents a $1.00 annualized dividend and a yield of 2.45%. Tribune Media’s dividend payout ratio is currently -75.19%.

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About Tribune Media

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, 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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