McClatchy Company (The) (MNI) Releases Quarterly Earnings Results, Beats Estimates By $1.03 EPS

McClatchy Company (The) (NYSE:MNI) released its quarterly earnings results on Thursday. The company reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $1.03. The company earned $262.20 million during the quarter, compared to analysts’ expectations of $260.08 million. McClatchy Company (The) had a negative net margin of 3.50% and a negative return on equity of 7.13%. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 earnings per share.

McClatchy Company (NYSE:MNI) opened at 11.35 on Monday. McClatchy Company has a one year low of $9.10 and a one year high of $19.77. The firm’s market cap is $85.98 million. The company’s 50-day moving average is $12.46 and its 200 day moving average is $15.09.

Earnings History for McClatchy Company (The) (NYSE:MNI)

A number of large investors have recently bought and sold shares of MNI. Royce & Associates LP increased its stake in McClatchy Company (The) by 2.0% in the fourth quarter. Royce & Associates LP now owns 639,704 shares of the company’s stock valued at $8,431,000 after buying an additional 12,500 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in McClatchy Company (The) by 16.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 8,742 shares of the company’s stock valued at $115,000 after buying an additional 1,216 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in McClatchy Company (The) by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 363,769 shares of the company’s stock valued at $4,794,000 after buying an additional 7,208 shares in the last quarter. Eagle Global Advisors LLC acquired a new stake in McClatchy Company (The) during the third quarter valued at approximately $473,000. Finally, Acrospire Investment Management LLC increased its stake in McClatchy Company (The) by 3,286.3% in the third quarter. Acrospire Investment Management LLC now owns 15,577 shares of the company’s stock valued at $251,000 after buying an additional 15,117 shares in the last quarter. Institutional investors and hedge funds own 41.76% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of McClatchy Company (The) from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Friday, October 21st.

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McClatchy Company (The) Company Profile

The McClatchy Company is a news and information publisher of various publications, such as the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, and the (Fort Worth) Star-Telegram. The Company’s segments include Western Segment and Eastern Segment.

5 Day Chart for NYSE:MNI

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