TEGNA Inc. (NYSE:TGNA) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• TEGNA Inc. has received a consensus rating of "Moderate Buy" from five brokerages, with an average 12-month price target of $19.75.
• The company reported a quarterly earnings per share (EPS) of $0.44, exceeding the consensus estimate by $0.06, though revenue has decreased by 5% from the previous year.
• TEGNA announced a quarterly dividend of $0.125, resulting in an annualized dividend yield of 2.5% and a payout ratio of 17.99%.

Shares of TEGNA Inc. (NYSE:TGNA - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $19.75.

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of TEGNA in a research note on Saturday, September 27th. Wells Fargo & Company reissued an "overweight" rating and issued a $22.00 target price (up from $21.00) on shares of TEGNA in a research report on Sunday, August 10th. Finally, Guggenheim reissued a "neutral" rating and issued a $19.00 target price on shares of TEGNA in a research report on Friday, August 22nd.

TEGNA Price Performance

Shares of TGNA traded down $0.19 during mid-day trading on Friday, hitting $20.12. The company's stock had a trading volume of 2,571,724 shares, compared to its average volume of 2,131,413. The firm has a 50-day moving average price of $19.86 and a 200 day moving average price of $17.91. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 7.24 and a beta of 0.25. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.47 and a quick ratio of 1.47. TEGNA has a fifty-two week low of $14.87 and a fifty-two week high of $21.35.

TEGNA (NYSE:TGNA - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.06. The company had revenue of $675.05 million for the quarter, compared to analysts' expectations of $673.92 million. TEGNA had a net margin of 14.99% and a return on equity of 16.20%. The business's revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. TEGNA has set its Q3 2025 guidance at EPS. On average, research analysts predict that TEGNA will post 3.02 EPS for the current fiscal year.

TEGNA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, September 5th. TEGNA's dividend payout ratio (DPR) is 17.99%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Meritage Portfolio Management increased its position in shares of TEGNA by 2.7% in the second quarter. Meritage Portfolio Management now owns 25,801 shares of the company's stock worth $432,000 after acquiring an additional 688 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of TEGNA by 15.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,058 shares of the company's stock worth $92,000 after purchasing an additional 694 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of TEGNA by 12.6% during the second quarter. Parkside Financial Bank & Trust now owns 6,295 shares of the company's stock worth $106,000 after purchasing an additional 706 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of TEGNA by 2.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 36,978 shares of the company's stock worth $620,000 after purchasing an additional 838 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of TEGNA by 26.0% during the first quarter. Blue Trust Inc. now owns 4,227 shares of the company's stock worth $77,000 after purchasing an additional 873 shares during the period. 92.19% of the stock is owned by hedge funds and other institutional investors.

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.