tronc (TRNC) to Release Earnings on Tuesday
tronc (NASDAQ:TRNC) is set to post its quarterly earnings results after the market closes on Tuesday, February 20th. Analysts expect tronc to post earnings of $0.55 per share for the quarter.
Shares of tronc (NASDAQ:TRNC) opened at $20.09 on Tuesday. The firm has a market cap of $674.99, a P/E ratio of 28.30 and a beta of 1.74. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 4.98. tronc has a 12-month low of $10.80 and a 12-month high of $24.74.
A number of brokerages have recently commented on TRNC. BidaskClub raised shares of tronc from a “buy” rating to a “strong-buy” rating in a report on Friday, January 26th. ValuEngine raised shares of tronc from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Noble Financial cut shares of tronc from a “buy” rating to a “hold” rating in a report on Monday, February 5th. They noted that the move was a valuation call. Sidoti began coverage on shares of tronc in a report on Wednesday, January 17th. They issued a “buy” rating and a $25.00 target price on the stock. Finally, Zacks Investment Research cut shares of tronc from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.50.
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tronc, Inc, formerly Tribune Publishing Company, is a media company. As of December 25, 2016, the Company operated over 150 titles in nine markets. Its portfolio of news and information brands are in markets, including Los Angeles and San Diego, California; Chicago, Illinois; Fort Lauderdale and Orlando, Florida; Baltimore, Maryland; Hartford, Connecticut; Allentown, Pennsylvania, and Newport News, Virginia.
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