Barrington Research Increases Earnings Estimates for TEGNA

TEGNA Inc. (NYSE:TGNA - Free Report) - Investment analysts at Barrington Research lifted their Q3 2025 earnings per share estimates for shares of TEGNA in a research report issued on Monday, May 12th. Barrington Research analyst P. Sholl now expects that the company will earn $0.35 per share for the quarter, up from their previous estimate of $0.33. The consensus estimate for TEGNA's current full-year earnings is $3.02 per share. Barrington Research also issued estimates for TEGNA's Q1 2026 earnings at $0.62 EPS and FY2026 earnings at $3.10 EPS.

TEGNA (NYSE:TGNA - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.03. TEGNA had a return on equity of 14.49% and a net margin of 16.75%. The firm had revenue of $680.05 million for the quarter, compared to analyst estimates of $677.24 million. During the same quarter in the prior year, the company earned $0.45 EPS. TEGNA's revenue was down 4.8% on a year-over-year basis.

Several other equities research analysts also recently weighed in on TGNA. Guggenheim upped their price target on TEGNA from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday. StockNews.com downgraded TEGNA from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Benchmark lowered their price objective on TEGNA from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company lowered their price objective on TEGNA from $23.00 to $21.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, TEGNA has an average rating of "Moderate Buy" and an average target price of $20.50.

TEGNA Price Performance

Shares of NYSE TGNA opened at $17.71 on Wednesday. The stock's 50-day moving average is $17.04 and its two-hundred day moving average is $17.74. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.60 and a quick ratio of 2.60. TEGNA has a 1-year low of $12.35 and a 1-year high of $19.62. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 6.26 and a beta of 0.31.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in TEGNA during the 4th quarter worth approximately $27,000. Neo Ivy Capital Management acquired a new stake in TEGNA during the 4th quarter worth approximately $28,000. Smartleaf Asset Management LLC lifted its position in TEGNA by 95.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,702 shares of the company's stock worth $31,000 after acquiring an additional 832 shares during the period. Tower Research Capital LLC TRC lifted its position in TEGNA by 80.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,683 shares of the company's stock worth $31,000 after acquiring an additional 749 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in TEGNA during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 92.19% of the company's stock.

TEGNA Company Profile

TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.