TEGNA (NYSE:TGNA) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Key Points

• TEGNA reported an earnings per share (EPS) of $0.44 for the quarter, exceeding analyst expectations of $0.38 by $0.06.
• The company's revenue was $675.05 million, slightly above the forecast of $673.92 million, though it experienced a 5.0% decline compared to the same quarter last year.
• TEGNA announced a quarterly dividend of $0.125 per share, which provides an annual yield of 3.3% and reflects a payout ratio of 17.61%.

TEGNA (NYSE:TGNA - Get Free Report) issued its earnings results on Thursday. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.38 by $0.06, Zacks reports. The business had revenue of $675.05 million during the quarter, compared to analysts' expectations of $673.92 million. TEGNA had a return on equity of 16.37% and a net margin of 14.99%. TEGNA's revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 earnings per share. TEGNA updated its Q3 2025 guidance to EPS.

TEGNA Price Performance

NYSE TGNA traded up $0.26 during trading on Friday, reaching $15.30. 2,807,692 shares of the company traded hands, compared to its average volume of 1,465,114. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.40 and a current ratio of 1.40. The stock's 50 day moving average price is $16.70 and its two-hundred day moving average price is $17.12. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 5.50 and a beta of 0.28. TEGNA has a 1-year low of $13.37 and a 1-year high of $19.62.

TEGNA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, June 6th. TEGNA's payout ratio is presently 17.61%.

Institutional Investors Weigh In On TEGNA

Institutional investors have recently added to or reduced their stakes in the stock. Amundi boosted its holdings in shares of TEGNA by 1,507.5% in the 1st quarter. Amundi now owns 4,067 shares of the company's stock worth $74,000 after acquiring an additional 3,814 shares in the last quarter. Strs Ohio acquired a new position in shares of TEGNA in the 1st quarter worth approximately $86,000. United Services Automobile Association acquired a new position in shares of TEGNA in the 1st quarter worth approximately $183,000. Cetera Investment Advisers boosted its holdings in shares of TEGNA by 3.4% in the 2nd quarter. Cetera Investment Advisers now owns 30,304 shares of the company's stock worth $508,000 after acquiring an additional 1,007 shares in the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of TEGNA by 15.9% in the 1st quarter. Intech Investment Management LLC now owns 78,434 shares of the company's stock worth $1,429,000 after acquiring an additional 10,743 shares in the last quarter. 92.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.