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. “
Other equities research analysts have also issued research reports about the company. ValuEngine raised Tribune Publishing from a hold rating to a buy rating in a research note on Wednesday, June 3rd. BidaskClub raised Tribune Publishing from a sell rating to a hold rating in a research note on Saturday, May 9th. Huber Research lowered Tribune Publishing from an overweight rating to a sell rating and set a $9.00 target price on the stock. in a research note on Thursday, May 28th. Finally, Noble Financial reaffirmed a buy rating and issued a $14.00 target price on shares of Tribune Publishing in a research note on Monday, June 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $11.50.
Tribune Publishing (NASDAQ:TPCO) last posted its earnings results on Friday, June 5th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.92). Tribune Publishing had a negative net margin of 6.34% and a negative return on equity of 12.30%. The company had revenue of $216.49 million during the quarter, compared to analysts’ expectations of $208.80 million. On average, equities analysts anticipate that Tribune Publishing will post -1.07 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of TPCO. California Public Employees Retirement System acquired a new position in Tribune Publishing in the 4th quarter valued at $217,000. Swiss National Bank raised its holdings in Tribune Publishing by 5.5% in the 4th quarter. Swiss National Bank now owns 30,781 shares of the company’s stock valued at $405,000 after acquiring an additional 1,600 shares during the last quarter. Sei Investments Co. raised its holdings in Tribune Publishing by 4.0% in the 4th quarter. Sei Investments Co. now owns 55,190 shares of the company’s stock valued at $726,000 after acquiring an additional 2,145 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Tribune Publishing by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 109,346 shares of the company’s stock valued at $1,439,000 after acquiring an additional 3,765 shares during the last quarter. Finally, Barclays PLC raised its holdings in Tribune Publishing by 95.4% in the 4th quarter. Barclays PLC now owns 17,847 shares of the company’s stock valued at $234,000 after acquiring an additional 8,715 shares during the last quarter. Institutional investors own 61.25% of the company’s stock.
About Tribune Publishing
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.
Featured Article: Stock Market – What is a circuit breaker?
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.