Gabelli Lowers Tribune Media Co (TRCO) to Sell

Violet Tucker
May 13, 2017

BWS Financial cut their target price on shares of Tribune Media from $54.00 to $48.00 and set a buy rating on the stock in a research note on Monday, May 1st. During the same quarter previous year, the company posted $0.22 EPS. The company rocked its 52-Week High of $43.04 and touched its 52-Week Low of $27.75. 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.

Revenue during the same period is expected to grow from $1.95 Billion to $2.26 Billion in 2020 and profit is predicted to shoot up from $14 Million to $219 Million in 2020, roughly growing 15.4x.

Tribune Media Co had its "hold" rating reiterated by analysts at Jefferies. The ex-dividend date is Thursday, May 18th.

Tribune Media, which could belong to Sinclair Broadcast Group by the end of the year, Wednesday reported TV and entertainment revenues during the first quarter of 2017 dropped $19.8 million, or 4%, year-over-year. The stock has an average rating of "Hold" and an average target price of $42.50. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.07 by $0.14. The high and low revenue estimates for the current quarter are $494.01 Million and $480.97 Million, respectively. Tribune Media earned a daily sentiment score of 0.01 on AlphaOne's scale.

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05/09/2017 - Tribune Media Co was downgraded to "sell" by analysts at Gabelli. The stock exchanged hands with 7.72 million shares contrast to its average daily volume of 2.49 million shares. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company.

The company's 50 day moving average is 37.81 and its 200 day moving average is 34.66.

Many analysts are providing their Estimated Earnings analysis for Tribune Media Company and for the current quarter 5 analysts have projected that the stock could give an Average Earnings estimate of $0.07/share. A beta of greater than 1 indicates that the security's price will be more volatile than the market. During the same period in the previous year, the firm posted $0.22 EPS.

Over the last 5 years, Tribune Media Company has averaged a -12.63% YoY EPS growth rate and a -8.90% revenue growth rate. Growth in EPS is an important measure of management performance because it shows how much money the company is making for it's shareholders, not only due to changes in profit, but also after all the effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition). 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. It has been suggested as "Buy Opinions" from 2 and 0 issued "Sell Thoughts" for the stock. Tribune Media's dividend payout ratio (DPR) is presently -24.39%. The original version of this report can be viewed at https://sportsperspectives.com/2017/05/12/tribune-media-co-trco-upgraded-at-morgan-stanley.html. Nationwide Fund Advisors bought a new stake in shares of Tribune Media during the first quarter valued at about $103,000. JPMorgan Chase & Co. boosted its position in Tribune Media by 7.0% in the first quarter.

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