Lee Enterprises (NYSE:LEE – Get Rating) will release quarterly earnings data ahead of market open Thursday, August 4. Analysts expect the company to report earnings of $0.48 per share for the quarter. Individuals wishing to register for the company’s earnings conference call can do so using this link.
Lee Enterprises (NYSE:LEE – Get Rating) last released its quarterly earnings data on Thursday, May 5. The company reported ($1.26) earnings per share for the quarter. Lee Enterprises had a net margin of 1.71% and a return on equity of 8.89%. The company posted revenue of $190.01 million in the quarter, compared to $191.16 million expected by analysts. On average, analysts expect Lee Enterprises to post EPS of $2 for the current fiscal year and EPS of $3 for the next fiscal year.
Lee Enterprises stock up 1.3%
Shares of Lee Enterprises opened at $17.88 on Thursday. Lee Enterprises has a 1-year low of $17.24 and a 1-year high of $44.43. The company has a market capitalization of $106.51 million, a price-earnings ratio of 8.09 and a beta of 1.37. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt ratio of 8.35. The company has a 50-day simple moving average of $19.12 and a 200-day simple moving average of $26.06.
In other news, Director David T. Pearson purchased 1,500 shares of Lee Enterprises in a trade dated Monday, May 9. The shares were purchased at an average cost of $18.93 per share, for a total transaction of $28,395.00. Following the transaction, the administrator now directly owns 6,303 shares of the company, valued at $119,315.79. The purchase was disclosed in a filing with the SEC, which is available on the SEC’s website. Insiders of the company own 9.10% of the shares of the company.
Institutional entries and exits
Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. State Street Corp increased its position in Lee Enterprises by 7.3% in the first quarter. State Street Corp now owns 18,776 shares of the company worth $505,000 after acquiring 1,275 additional shares in the last quarter. Invesco Ltd. bought a new position in Lee Enterprises in the first quarter worth $611,000. Bank of New York Mellon Corp increased its position in Lee Enterprises by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 27,347 shares of the company worth $736,000 after acquiring 708 additional shares in the last quarter. Gamco Investors Inc. ET AL increased its position in Lee Enterprises by 2.1% in the first quarter. Gamco Investors Inc. ET AL now owns 29,100 shares of the company worth $783,000 after acquiring an additional 600 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Lee Enterprises by 49.7% in the first quarter. Dimensional Fund Advisors LP now owns 47,361 shares of the company worth $1,275,000 after acquiring an additional 15,724 shares in the last quarter. 47.16% of the shares are currently held by hedge funds and other institutional investors.
Analyst upgrades and downgrades
A number of research analysts have weighed in on the stock recently. TheStreet downgraded shares of Lee Enterprises from a “c” rating to a “d+” rating in a Monday, June 6 research note. StockNews.com downgraded shares of Lee Enterprises from a “strong buy” rating to a “buy” rating in a Saturday, May 14 research report.
Lee Enterprises Company Profile
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Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers print and digital editions of daily, weekly and monthly newspapers and publications; and web hosting and content management services. It also provides advertising and marketing services, such as audience extension, search engine optimization, search engine marketing, web and mobile production, social media services and monitoring. and reputation management.
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