Comparatively, Tribune Media Company posted earnings of $0.5 per share in the same quarter a year ago. The company's revenue for the quarter was down 6.1% on a year-over-year basis.
Tribune Media on Wednesday said it swung to a first-quarter loss as advertising revenue fell sharply, programming expenses rose and the company took a non-cash write-down on its investment in CareerBuilder.
03/06/2015 - Tribune Media Co had its "outperform" rating reiterated by analysts at Oppenheimer. This represents a $1.00 annualized dividend and a dividend yield of 2.42%. And it remains to be seen which target price TRCO can achieve without sacrificing much as the company is holding a 29.49% gain for the past twelve months. The ex-dividend date is Thursday, May 18th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.07 by $0.14.
Television and Entertainment Adjusted EBITDA was $75.2 million for the first quarter of 2017 compared to $116 million in the first quarter of 2016, a decrease of $40.8 million, or 35%, primarily due to lower advertising revenues as well as increased programming expenses, as described above.
COPYRIGHT VIOLATION NOTICE: "Gabelli Lowers Tribune Media Co (TRCO) to Sell" was originally published by Markets Daily and is owned by of Markets Daily.
Tribune Media Company (TRCO) has an Average Brokerage Recommendation (ABR) of 2.54, according to data compiled by Zacks Investment Research. Overall, 8.27 Million shares exchanged hands versus its average trading volume of 1.94 Million shares. Analysts have a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). BWS Financial analysts stated on 01/05/2017 that they maintained their Buy rating. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 10.85% where SMA50 and SMA200 are 11.88% and 32.91% respectively.
Wall Street analysts have a current quarter EPS estimate of $-0.17 on shares of Mattersight Corporation (NASDAQ:MATR).
Tribune Media Company (TRCO) lost -0.47% to reach $42.2 in the previous trading session. The business's revenue for the quarter was down 6.1% compared to the same quarter past year. The Market Capitalization of the company stands at 3.65 Billion. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & global copyright and trademark legislation. The firm has "Equal Weight" rating given on Wednesday, August 19 by Morgan Stanley. Stockholders of record on Monday, May 22nd will be given a $0.25 dividend. Tribune Media's payout ratio is -24.39%. The correct version of this article can be read at https://www.themarketsdaily.com/2017/05/12/gabelli-lowers-tribune-media-co-trco-to-sell.html. Norges Bank purchased a new position in Tribune Media during the fourth quarter valued at approximately $46,811,000. JPMorgan Chase & Co. raised its stake in Tribune Media by 7.0% in the first quarter.