A number of other equities analysts have also recently weighed in on TPCO. Zacks Investment Research cut Tribune Publishing from a “hold” rating to a “sell” rating in a report on Friday, July 10th. Noble Financial reaffirmed a “buy” rating and issued a $14.00 target price on shares of Tribune Publishing in a research report on Monday, June 8th. Huber Research cut shares of Tribune Publishing from an “overweight” rating to a “sell” rating and set a $9.00 price target for the company. in a research report on Thursday, May 28th. Finally, ValuEngine raised shares of Tribune Publishing from a “hold” rating to a “buy” rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $11.50.
Tribune Publishing stock opened at $12.29 on Thursday. The firm has a 50 day simple moving average of $10.93 and a 200-day simple moving average of $9.49. The stock has a market cap of $448.86 million, a price-to-earnings ratio of -7.19 and a beta of 1.49. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.09. Tribune Publishing has a 1-year low of $4.91 and a 1-year high of $13.86.
Tribune Publishing (NASDAQ:TPCO) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.31. The firm had revenue of $183.10 million for the quarter. Tribune Publishing had a negative return on equity of 12.81% and a negative net margin of 7.20%. Equities analysts expect that Tribune Publishing will post -0.59 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in TPCO. Morgan Stanley grew its position in Tribune Publishing by 876.1% in the 1st quarter. Morgan Stanley now owns 935,274 shares of the company’s stock valued at $7,585,000 after acquiring an additional 839,452 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Tribune Publishing in the second quarter valued at approximately $1,998,000. State Street Corp increased its stake in Tribune Publishing by 48.7% during the 1st quarter. State Street Corp now owns 540,653 shares of the company’s stock worth $4,385,000 after buying an additional 177,143 shares during the period. Globeflex Capital L P acquired a new stake in Tribune Publishing during the 2nd quarter worth approximately $901,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Tribune Publishing in the 1st quarter valued at approximately $730,000. Institutional investors own 60.85% of the company’s stock.
Tribune Publishing Company Profile
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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