Analysts Anticipate TheStreet, Inc. (TST) to Announce ($0.01) Earnings Per Share
Shares of TheStreet, Inc. (NASDAQ:TST) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus target price of $3.00 for the company and are predicting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given TheStreet an industry rank of 213 out of 255 based on the ratings given to its competitors.
Several analysts recently weighed in on TST shares. ValuEngine downgraded TheStreet from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research downgraded TheStreet from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. B. Riley restated a “buy” rating on shares of TheStreet in a research note on Wednesday, March 13th. Finally, Lake Street Capital set a $3.00 target price on TheStreet and gave the company a “buy” rating in a research note on Thursday, April 4th.
TheStreet’s stock is going to reverse split on the morning of Friday, April 26th. The 1-10 reverse split was announced on Wednesday, April 3rd. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, April 25th.
TheStreet (NASDAQ:TST) last announced its earnings results on Tuesday, March 12th. The information services provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. TheStreet had a negative return on equity of 3.32% and a net margin of 32.98%. The firm had revenue of $13.92 million during the quarter, compared to the consensus estimate of $13.60 million. During the same quarter in the prior year, the company earned $0.07 EPS. Analysts expect that TheStreet will post -0.07 earnings per share for the current year.
The firm also recently announced a special dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 15th will be paid a dividend of $1.77 per share. The ex-dividend date is Tuesday, April 23rd.
In other TheStreet news, major shareholder Cannell Capital Llc bought 15,294 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average price of $2.19 per share, for a total transaction of $33,493.86. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 30.00% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in TST. B. Riley Financial Inc. lifted its position in shares of TheStreet by 1,524.9% in the 4th quarter. B. Riley Financial Inc. now owns 3,815,261 shares of the information services provider’s stock worth $7,745,000 after acquiring an additional 3,580,461 shares during the period. Cannell Capital LLC lifted its position in shares of TheStreet by 64.0% in the 4th quarter. Cannell Capital LLC now owns 5,620,407 shares of the information services provider’s stock worth $11,409,000 after acquiring an additional 2,193,859 shares during the period. Impax Asset Management Group plc lifted its position in shares of TheStreet by 28.5% in the 4th quarter. Impax Asset Management Group plc now owns 2,252,775 shares of the information services provider’s stock worth $4,573,000 after acquiring an additional 500,000 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of TheStreet by 645.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 195,042 shares of the information services provider’s stock worth $429,000 after acquiring an additional 168,874 shares during the period. Finally, Vanguard Group Inc lifted its position in shares of TheStreet by 9.0% in the 3rd quarter. Vanguard Group Inc now owns 1,491,340 shares of the information services provider’s stock worth $3,281,000 after acquiring an additional 123,066 shares during the period. Institutional investors own 51.96% of the company’s stock.
TheStreet Company Profile
TheStreet, Inc, a financial news and information provider, provides business to business (B2B) and business to consumer (B2C) content and products worldwide. The company operates through three segments: TheDeal/BoardEx, RateWatch, and Business to Consumer. Its B2B products include The Deal, a digital subscription model that delivers coverage primarily to institutional investors on changes in corporate control comprising merges and acquisitions, private equity, corporate activism, and restructuring; and BoardEx, an institutional relationship capital management database and platform, which holds profiles of approximately 1 million business leaders.
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