Tribune Media Co Announces Quarterly Dividend of $0.25 (trco)

The Tribune Tower in Chicago

The company's revenue for the quarter was down 6.1% on a year-over-year basis. The company is expected to report EPS as high as $0.53 and as low as $0.39 per share. Wells Fargo had a markedly different take on 20/04/2017, proposing that Tribune Media Company is now considered Market Perform versus prior Outperform rating. Analysts reported that the Price Target for Tribune Media Company might touch $54 high while the Average Price Target and Low price Target is $40.4 and $35 respectively. The ex-dividend date is Thursday, May 18th.

The Chicago-based media company, which owns TV stations and cable network WGN America, recorded a first-quarter loss of $85.5 million, or 99 cents per share, compared with a profit of $11.1 million, or 12 cents per share, in the year-ago period. The stock has an average rating of "Hold" and an average target price of $42.50.

Tribune Media Company (TRCO) will report its next earnings on May 10 BMO. The firm had revenue of $439.90 million for the quarter, compared to analyst estimates of $450.18 million. Zacks Investment Research lowered shares of Tribune Media from a hold rating to a sell rating in a research note on Saturday, January 28th. Morgan Stanley now owns 2,267,633 shares of the company's stock valued at $82,814,000 after buying an additional 1,461,200 shares during the last quarter.

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Some buy side analysts are also providing their Analysis on Tribune Media Company, where 0 analysts have rated the stock as Strong buy, 2 analysts have given a Buy signal, 4 said it's a HOLD, 1 reported it as Underperform and 0 analysts rated the stock as Sell.

Petroleo Brasileiro S.A. - Petrobras (PBR) stock price distance from twenty day simple moving average surged at 5.58% while its distance from fifty day simple moving average raised 3.23% along with -2.84% below distance from two hundred simple moving averages. BlackRock Advisors LLC boosted its position in shares of Tribune Media by 0.4% in the third quarter.

USA broadcaster Tribune Media Co, which agreed to be bought by Sinclair Broadcast Group Inc, reported a loss in the first quarter, compared to a profit a year earlier, hurt partly by lower ad revenue from its TV and entertainment business.

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Tribune Media Company (NYSE:TRCO), stock is trading $43.04 above the 52-week high and has displayed a high EPS growth of -12.63% in last 5 years. While in the same Quarter Previous year, the Actual EPS was $0.42. The company's market capitalization is $3.59 billion. The original version of this piece can be accessed at https://transcriptdaily.com/2017/05/11/tribune-media-co-announces-quarterly-dividend-of-0-25-trco.html. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and global trademark & copyright law. Tribune Media's payout ratio is -24.39%. They are projecting Next Quarter growth of 16.7%.

Bank Of Nova Scotia increased Chevron Corp New (NYSE:CVX) stake by 140,527 shares to 626,614 valued at $73.75 million in 2016Q4. Finally, Gabelli downgraded Tribune Media from a "buy" rating to a "sell" rating in a report on Tuesday.

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