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NYSE:TGNA

TEGNA (TGNA) Stock Price, News & Analysis

$13.71
+0.06 (+0.44%)
(As of 03/4/2024 ET)
Today's Range
$13.58
$13.87
50-Day Range
$13.53
$15.84
52-Week Range
$13.40
$17.37
Volume
3.91 million shs
Average Volume
2.22 million shs
Market Capitalization
$2.41 billion
P/E Ratio
6.07
Dividend Yield
3.36%
Price Target
$17.00

TEGNA MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
24.0% Upside
$17.00 Price Target
Short Interest
Healthy
3.20% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.09mentions of TEGNA in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$2.28 M Sold Last Quarter
Proj. Earnings Growth
-41.34%
From $3.29 to $1.93 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.65 out of 5 stars

Consumer Discretionary Sector

107th out of 267 stocks

Television Broadcasting Stations Industry

7th out of 11 stocks


TGNA stock logo

About TEGNA Stock (NYSE:TGNA)

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. The company also sells commercial advertising spots of its television stations. In addition, it operates Premion, an over the top local advertising network; Hatch, a centralized 360-degree marketing services agency; and radio broadcast stations. The company was formerly known as Gannett Co., Inc. and changed its name to TEGNA Inc. in June 2015. TEGNA Inc. was founded in 1906 and is headquartered in McLean, Virginia.

TGNA Stock Price History

TGNA Stock News Headlines

TEGNA (NYSE:TGNA) Price Target Cut to $21.00
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Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
TEGNA Inc. (TGNA) Q4 2023 Earnings Call Transcript
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
TEGNA (NYSE:TGNA) Misses Q4 Sales Targets
TEGNA Q4 2023 Earnings Preview
TEGNA earnings: here's what to expect
Preview: Tegna's Earnings
TEGNA Announces Quarterly Dividend
TEGNA Announces Quarterly Dividend
TEGNA Inc
TGNA Jan 2025 17.000 call
See More Headlines
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Company Calendar

Ex-Dividend for 1/2 Dividend
12/07/2023
Dividend Payable
1/02/2024
Last Earnings
2/29/2024
Today
3/04/2024
Ex-Dividend for 4/1 Dividend
3/07/2024
Dividend Payable
4/01/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
N/A
Employees
6,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.00
High Stock Price Target
$21.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+24.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$476.72 million
Pretax Margin
20.84%

Debt

Sales & Book Value

Annual Sales
$2.91 billion
Cash Flow
$2.47 per share
Book Value
$13.73 per share

Miscellaneous

Free Float
174,169,000
Market Cap
$2.41 billion
Optionable
Optionable
Beta
0.49
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TGNA Stock Analysis - Frequently Asked Questions

Should I buy or sell TEGNA stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TGNA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TGNA, but not buy additional shares or sell existing shares.
View TGNA analyst ratings
or view top-rated stocks.

What is TEGNA's stock price target for 2024?

3 brokerages have issued 1-year target prices for TEGNA's shares. Their TGNA share price targets range from $15.00 to $21.00. On average, they anticipate the company's stock price to reach $17.00 in the next year. This suggests a possible upside of 24.0% from the stock's current price.
View analysts price targets for TGNA
or view top-rated stocks among Wall Street analysts.

How have TGNA shares performed in 2024?

TEGNA's stock was trading at $15.30 at the start of the year. Since then, TGNA shares have decreased by 10.4% and is now trading at $13.71.
View the best growth stocks for 2024 here
.

Are investors shorting TEGNA?

TEGNA saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 6,230,000 shares, a drop of 26.5% from the January 31st total of 8,480,000 shares. Based on an average daily trading volume, of 2,150,000 shares, the short-interest ratio is currently 2.9 days. Currently, 3.2% of the shares of the stock are short sold.
View TEGNA's Short Interest
.

When is TEGNA's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our TGNA earnings forecast
.

How were TEGNA's earnings last quarter?

TEGNA Inc. (NYSE:TGNA) released its quarterly earnings data on Thursday, February, 29th. The company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.47 by $0.04. The business had revenue of $725.80 million for the quarter, compared to the consensus estimate of $750.78 million. TEGNA had a net margin of 16.38% and a trailing twelve-month return on equity of 12.41%. TEGNA's quarterly revenue was down 20.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS.

How often does TEGNA pay dividends? What is the dividend yield for TEGNA?

TEGNA declared a quarterly dividend on Wednesday, February 21st. Shareholders of record on Friday, March 8th will be given a dividend of $0.114 per share on Monday, April 1st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, March 7th.
Read our dividend analysis for TGNA
.

Is TEGNA a good dividend stock?

TEGNA (NYSE:TGNA) pays an annual dividend of $0.46 per share and currently has a dividend yield of 3.33%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGNA will have a dividend payout ratio of 23.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGNA.

What is Dave Lougee's approval rating as TEGNA's CEO?

50 employees have rated TEGNA Chief Executive Officer Dave Lougee on Glassdoor.com. Dave Lougee has an approval rating of 80% among the company's employees.

What other stocks do shareholders of TEGNA own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TEGNA investors own include Gannett (GCI), Pfizer (PFE), Procter & Gamble (PG), Walmart (WMT), AbbVie (ABBV), Alphabet (GOOG), NVIDIA (NVDA), QUALCOMM (QCOM), AT&T (T) and Starbucks (SBUX).

Who are TEGNA's major shareholders?

TEGNA's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.86%), Dimensional Fund Advisors LP (5.23%), LSV Asset Management (2.77%), Boston Partners (2.70%), Northern Trust Corp (2.15%) and Norges Bank (1.26%). Insiders that own company stock include David T Lougee and Lynn B Trelstad.
View institutional ownership trends
.

How do I buy shares of TEGNA?

Shares of TGNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TGNA) was last updated on 3/4/2024 by MarketBeat.com Staff