Could Tribune Media Co Decline After Today’s Tip From Option Traders?

 Could Tribune Media Co Decline After Today's Tip From Option Traders?

In today’s session Tribune Media Co (TRCO) registered an unusually high (200) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious TRCO increase. With 200 contracts traded and 10524 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: TRCO161216C00035000 closed last at: $0.55 or 35.3% down. About 42,357 shares traded hands. Tribune Media Co (NYSE:TRCO) has declined 15.09% since April 22, 2016 and is downtrending. It has underperformed by 20.50% the S&P500.

Analysts await Tribune Media Co (NYSE:TRCO) to report earnings on March, 6. They expect $0.91 EPS, up 44.44% or $0.28 from last year’s $0.63 per share. TRCO’s profit will be $77.89 million for 9.31 P/E if the $0.91 EPS becomes a reality. After $0.48 actual EPS reported by Tribune Media Co for the previous quarter, Wall Street now forecasts 89.58% EPS growth.

Tribune Media Co (NYSE:TRCO) Ratings Coverage

Out of 5 analysts covering Tribune Media (NYSE:TRCO), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. Tribune Media has been the topic of 9 analyst reports since August 14, 2015 according to StockzIntelligence Inc. On Wednesday, August 19 the stock rating was initiated by Morgan Stanley with “Equal Weight”. The stock has “Equal-Weight” rating given by Stephens on Wednesday, November 18. The rating was initiated by Evercore on Tuesday, October 13 with “Buy”. The firm earned “Underweight” rating on Wednesday, June 1 by Morgan Stanley. Gabelli upgraded Tribune Media Co (NYSE:TRCO) on Monday, December 14 to “Buy” rating. Jefferies maintained it with “Hold” rating and $50 target price in Friday, August 14 report.

According to Zacks Investment Research, “Tribune Media Company is engaged in broadcast distribution, digital properties and data businesses. The company provides Antenna TV, THIS TV, radio station, music and video content and technologies. It also owns and manages real estate properties. Tribune Media Company, formerly known as Tribune Company, is based in Chicago, Illinois.”

Tribune Media Company is a diversified media and entertainment business. The company has a market cap of $2.90 billion. The Firm consists of approximately 40 television stations to which it provides certain services, along with a national general entertainment television network, a radio station, a production studio, its digital and data business, a portfolio of real estate assets and investments in a range of media, Websites and other related assets. It currently has negative earnings.

TRCO Company Profile

Tribune Media Company, incorporated on March 19, 1968, is a diversified media and entertainment business. The Firm consists of approximately 40 television stations to which it provides certain services, along with a national general entertainment television network, a radio station, a production studio, its digital and data business, a portfolio of real estate assets and investments in a range of media, Websites and other related assets. The Firm operates through two divisions: Television and Entertainment, and Digital and Data. The Television and Entertainment segment provides audiences across the country with news, entertainment and sports programming on Tribune Broadcasting local television stations, and television series and movies on WGN America, including through content produced by Tribune Studios and its production partners, as well as news, entertainment and sports information through its Websites and other digital assets. The Digital and Data segment provides technology and services that collect and distribute video, music, sports and entertainment data primarily through wholesale distribution channels to clients across the world. The Company’s Corporate and Other segment includes the management of certain of its real estate assets, including revenues from leasing office and production facilities and any gains or losses from the sales of its owned real estate, as well as certain administrative activities associated with operating its corporate office functions and managing its frozen company-sponsored defined benefit pension plans. The Firm also holds a range of investments in cable and digital assets, including equity investments in Television Food Network, G.P. (TV Food Network) and CareerBuilder, LLC (CareerBuilder).

More notable recent Tribune Media Co (NYSE:TRCO) news were published by: Wsj.com which released: “Tribune Media Earnings Hurt by Small Donald Trump Ad Spend” on November 09, 2016, also Chicagotribune.com with their article: “Tribune Media inks deal to sell Tribune Tower to developer” published on August 30, 2016, Prnewswire.com published: “Tribune Media Company Reports Second Quarter 2016 Results” on August 09, 2016. More interesting news about Tribune Media Co (NYSE:TRCO) were released by: Reuters.com and their article: “BRIEF-Tribune Media Company appoints Peter M. Kern to board” published on October 13, 2016 as well as Detroitnews.com‘s news article titled: “Dish, Tribune reach retransmission agreement” with publication date: September 04, 2016.

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