A.H. Belo Corporation (NYSE:AHC) declared that its Board of Directors has initiated a share buyback plan, which authorizes the company to buyback 1,000,000 outstanding shares on Monday, October 30th, EventVestor reports. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

A.H. Belo Corporation (NYSE:AHC) traded up 6.90% during mid-day trading on Tuesday, hitting $4.65. 22,963 shares of the stock were exchanged. The stock has a 50 day moving average of $4.53 and a 200-day moving average of $5.18. The stock’s market cap is $101.15 million. A.H. Belo Corporation has a 52-week low of $4.35 and a 52-week high of $6.90.

A.H. Belo Corporation (NYSE:AHC) last announced its quarterly earnings results on Tuesday, August 1st. The company reported ($0.04) EPS for the quarter. The firm had revenue of $63.09 million for the quarter. A.H. Belo Corporation had a negative net margin of 9.65% and a negative return on equity of 1.93%. Equities analysts predict that A.H. Belo Corporation will post $0.28 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 9th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 7.36%. A.H. Belo Corporation’s dividend payout ratio is currently -28.07%.

A number of research analysts have issued reports on the stock. TheStreet downgraded shares of A.H. Belo Corporation from a “c-” rating to a “d+” rating in a research report on Friday, August 11th. ValuEngine downgraded shares of A.H. Belo Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th.

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A.H. Belo Corporation Company Profile

A. H. Belo Corporation is a local news and information publishing company. The Company is engaged in providing commercial printing, distribution and direct mail services, as well as media and digital marketing services. The Company operates through two segments: Publishing and Marketing, Event Marketing and Other Services (MEMO).

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