Tribune Media reports 1Q loss

Robyn Ryan
May 13, 2017

Shares of The Coca-Cola Co (NYSE:KO) inclined 0.23% to $43.67. This represents a $1.00 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, May 18th. The stock had a trading volume of 4,337,063 shares. The company's market capitalization is $3.59 billion. The stock's 50 day moving average price is $38.07 and its 200-day moving average price is $34.77.

Tribune Media Company (TRCO) has a 52-week high of $43.04 and a 52-week low of $24.65. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.47.

Television and entertainment Adjusted EBITDA was $75.2 million for Q1 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, Tribune said.

Tribune Media's Return on Equity of 2.4% leaves a lot to be desired and to make things worse this is below the industry average of 18.26%.

The company is expected to report earnings of $0.07 a share for the next quarter.

Investors in Tribune Media have been patiently waiting for the uptick in earnings and if you believe the 6 analysts covering the stock then the next 3 years will be very interesting. If you are viewing this report on another website, it was illegally stolen and reposted in violation of USA and worldwide copyright and trademark legislation. The original version of this piece can be accessed at https://transcriptdaily.com/2017/05/11/tribune-media-co-announces-quarterly-dividend-of-0-25-trco.html.

The company reported its EPS on 05/10/2017. The company now has a consensus rating of "Hold" and a consensus price target of $44.50.

Tribune Media Company (TRCO) has an Average Brokerage Recommendation (ABR) of 2.54, according to data compiled by Zacks Investment Research. Gabelli lowered shares of Tribune Media from a "buy" rating to a "sell" rating in a research note on Tuesday.

Tribune's net loss was $85.6 million, or 99 cents per share, in the quarter, compared with a net income of $11.1 million, or 12 cents per share, a year earlier. As of December 31, 2016, the Company consisted of 42 local television stations that were either owned by the Company or owned by others but to which it provides certain services, along with a national general entertainment cable network, a radio station, a production studio, a portfolio of real estate assets and investments in a range of media, Websites and other related assets. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The firm has "Equal Weight" rating given on Wednesday, August 19 by Morgan Stanley.

Several large investors have recently made changes to their positions in TRCO. BNP Paribas Arbitrage SA raised its stake in Tribune Media by 16,110.8% in the first quarter. Whilst it is true that the higher the ROE the better the company is performing, ROE does have a weakness.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock.

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