TEGNA (TGNA) Projected to Post Quarterly Earnings on Thursday

TEGNA (NYSE:TGNA - Get Free Report) is expected to release its Q1 2025 earnings data before the market opens on Thursday, May 8th. Analysts expect TEGNA to post earnings of $0.34 per share and revenue of $677.24 million for the quarter.

TEGNA Stock Up 0.4 %

NYSE TGNA traded up $0.06 on Tuesday, reaching $16.50. 86,844 shares of the stock traded hands, compared to its average volume of 2,005,537. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 5.84 and a beta of 0.31. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.60 and a current ratio of 2.60. TEGNA has a 12 month low of $12.35 and a 12 month high of $19.62. The company has a fifty day moving average price of $17.12 and a 200-day moving average price of $17.72.

TEGNA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Friday, March 7th. TEGNA's payout ratio is 14.12%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TGNA shares. Wells Fargo & Company dropped their price objective on shares of TEGNA from $23.00 to $21.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Guggenheim cut their price target on TEGNA from $22.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, April 11th. StockNews.com downgraded TEGNA from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Benchmark decreased their price target on shares of TEGNA from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $20.00.

About TEGNA

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.