Morgan Stanley upgraded Tribune Media Company (NYSE:TRCO) to 'Equal Weight'

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Many analysts have provided their estimated foresights on Tribune Media Company Earnings, with 5 analysts believing the company would generate an Average Estimate of $0.07.

Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of Tribune Media Company ("Tribune") (NYSE: TRCO) concerning the sale to Sinclair Broadcast Group, Inc.

Tribune Media Company (NYSE:TRCO) stock shows moves down of -0.31% and traded at a price of $42.07 in preceding trading session.

Over the last twelve months Tribune Media Company's share price has increased from 32.06 to 41.9, changing by 30.69%. Tribune Media has a 52-week low of $27.75 and a 52-week high of $43.04. The firm has a market cap of $3.63 billion, a PE ratio of 266.82 and a beta of 1.44.

Several brokerages have recently commented on TRCO. The stock added 6.14% beyond one week and climbed 11.43% during previous one month session.

The company is expected to report earnings of $0.07 a share for the next quarter. The stock had a trading volume of 4,337,063 shares. The high and low revenue estimates for the current quarter are $494.01 Million and $480.97 Million, respectively. Tribune Media has a consensus rating of "Hold" and a consensus target price of $42.50.

Tribune Media Company on 03/01/2017 reported its EPS as $0.85 with the analysts projecting the EPS of the stock as $0.92. One of the important differences between earnings-per-share growth rates and net-income growth rates is that the former reflects the dilution that occurs from new stock issuance, the exercise of employee stock options, warrants, convertible securities, and share repurchases.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Return on Equity (ROE) stands at 0.4% and Return on Investment (ROI) of 1.2 percent. The firm's quarterly revenue was down 6.1% compared to the same quarter a year ago. Zacks Investment Research lowered Tribune Media from a "hold" rating to a "sell" rating in a research report on Saturday, January 28th. Concert Wealth Management Inc. raised its stake in Tribune Media by 3.8% in the first quarter. Analysts have a mean recommendation of 2.00 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). Stockholders of record on Monday, May 22nd will be paid a dividend of 0.25 per share on Tuesday, June 6th. The ex-dividend date of this dividend is Thursday, May 18th. The firm earned "Sell" rating on Tuesday, May 9 by Gabelli. This represents a $1.00 annualized dividend and a dividend yield of 2.39%. Tribune Media's dividend payout ratio is -24.39%.