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Equities Analysts Issue Forecasts for TEGNA FY2027 Earnings

TEGNA logo with Consumer Discretionary background

Key Points

  • TEGNA Inc. is projected to have earnings per share of $1.71 for FY2027, while the current consensus estimate for the full year is $3.02 per share.
  • Several analysts have lowered their price targets for TEGNA, with Wells Fargo decreasing it from $23.00 to $21.00, while the overall consensus rating remains a "Moderate Buy" with an average price target of $20.00.
  • TEGNA recently declared a $0.125 quarterly dividend, which equates to an annualized yield of 3.0%, reflecting a payout ratio of 17.61%.
  • MarketBeat previews top five stocks to own in September.

TEGNA Inc. (NYSE:TGNA - Free Report) - Research analysts at Barrington Research issued their FY2027 EPS estimates for TEGNA in a research note issued on Wednesday, July 30th. Barrington Research analyst P. Sholl anticipates that the company will post earnings per share of $1.71 for the year. The consensus estimate for TEGNA's current full-year earnings is $3.02 per share.

A number of other research analysts also recently weighed in on TGNA. Wells Fargo & Company cut their price target on shares of TEGNA from $23.00 to $21.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. cut their price target on shares of TEGNA from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. Benchmark cut their price target on shares of TEGNA from $21.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Finally, Guggenheim cut their price target on shares of TEGNA from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $20.00.

Check Out Our Latest Report on TEGNA

TEGNA Stock Down 0.1%

TGNA stock opened at $16.68 on Friday. TEGNA has a 12-month low of $13.37 and a 12-month high of $19.62. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 5.87 and a beta of 0.30. The company has a 50 day moving average of $16.80 and a two-hundred day moving average of $17.21.

TEGNA (NYSE:TGNA - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.03. TEGNA had a net margin of 15.29% and a return on equity of 17.13%. The firm had revenue of $680.05 million during the quarter, compared to analyst estimates of $677.24 million. During the same quarter last year, the business posted $0.45 EPS. The company's revenue was down 4.8% on a year-over-year basis.

TEGNA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were given a $0.125 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. TEGNA's payout ratio is 17.61%.

Hedge Funds Weigh In On TEGNA

Large investors have recently modified their holdings of the stock. Neo Ivy Capital Management acquired a new position in shares of TEGNA during the fourth quarter worth approximately $28,000. Tower Research Capital LLC TRC lifted its position in shares of TEGNA by 80.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,683 shares of the company's stock worth $31,000 after purchasing an additional 749 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of TEGNA during the fourth quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd raised its stake in shares of TEGNA by 1,018.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 2,997 shares of the company's stock worth $50,000 after buying an additional 2,729 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of TEGNA by 53.3% during the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock worth $57,000 after buying an additional 1,088 shares during the last quarter. 92.19% of the stock is currently owned by institutional investors and hedge funds.

TEGNA Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for TEGNA (NYSE:TGNA)

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.

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