NYSE:TGNA TEGNA (TGNA) Stock Forecast, Price & News $14.57 -0.11 (-0.75%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$14.51▼$14.8050-Day Range$14.51▼$17.1152-Week Range$14.39▼$22.29Volume1.47 million shsAverage Volume3.07 million shsMarket Capitalization$2.94 billionP/E Ratio4.86Dividend Yield3.16%Price Target$21.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media TEGNA MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside44.1% Upside$21.00 Price TargetShort InterestHealthy2.61% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.33Based on 6 Articles This WeekInsider TradingSelling Shares$497,100 Sold Last QuarterProj. Earnings Growth70.76%From $1.71 to $2.92 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.96 out of 5 starsConsumer Discretionary Sector23rd out of 274 stocksTelevision Broadcasting Stations Industry2nd out of 11 stocks 3.3 Analyst's Opinion Consensus RatingTEGNA has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $21.00, TEGNA has a forecasted upside of 44.1% from its current price of $14.57.Amount of Analyst CoverageTEGNA has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.61% of the float of TEGNA has been sold short.Short Interest Ratio / Days to CoverTEGNA has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in TEGNA has recently increased by 26.83%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldTEGNA pays a meaningful dividend of 3.12%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTEGNA has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of TEGNA is 15.33%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, TEGNA will have a dividend payout ratio of 15.75% next year. This indicates that TEGNA will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TGNA. Previous Next 2.4 News and Social Media Coverage News SentimentTEGNA has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 6 news articles for TEGNA this week, compared to 3 articles on an average week.Search InterestOnly 1 people have searched for TGNA on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows3 people have added TEGNA to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TEGNA insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $497,100.00 in company stock.Percentage Held by InsidersOnly 1.10% of the stock of TEGNA is held by insiders.Percentage Held by Institutions89.99% of the stock of TEGNA is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for TEGNA are expected to grow by 70.76% in the coming year, from $1.71 to $2.92 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TEGNA is 4.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.16.Price to Earnings Ratio vs. SectorThe P/E ratio of TEGNA is 4.86, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.22.Price to Book Value per Share RatioTEGNA has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About TEGNA (NYSE:TGNA) StockTEGNA 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.Read More TGNA Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TGNA Stock News HeadlinesSeptember 30, 2023 | yahoo.comTegna Names Kristie Gonzales General Manager in AtlantaSeptember 29, 2023 | msn.comTegna Appoints Kristie Gonzales President & GM of WXIA/WATLOctober 1, 2023 | Goldco (Ad)Biden's Digital Dollar NightmareOn July 20th, 2023, the Federal Reserve launched FedNow, which could spark the fuse for a Digital Dollar. If a Digital Dollar happens, the government could: Monitor every transaction, keep track of your spending habits, and potentially control your individual choices… Which MAY steal your freedoms in one way or another. And if you don’t plan for this now... Your retirement savings could be at risk of being frozen, hacked, or deleted. You’ll want to act fast... Because with Biden’s long history of voting against Americans... Who knows how much longer until Biden strikes again! Get your hands on this FREE Wealth Protection Kit today and learn how you could shield your savings and investments before it’s too late! September 28, 2023 | benzinga.comTEGNA Station WWL in New Orleans Receives News Emmy® AwardSeptember 13, 2023 | businesswire.comTEGNA to Host Third Quarter 2023 Earnings Conference Call on Tuesday, November 7, 2023September 6, 2023 | finance.yahoo.comTEGNA Appoints Carrie Hofmann President and General Manager of WLTX in Columbia, South CarolinaSeptember 1, 2023 | benzinga.comTegna Recent Insider ActivityAugust 17, 2023 | benzinga.comTEGNA Stations Receive Ten National 2023 Edward R. Murrow AwardsOctober 1, 2023 | Goldco (Ad)Biden's Digital Dollar NightmareOn July 20th, 2023, the Federal Reserve launched FedNow, which could spark the fuse for a Digital Dollar. If a Digital Dollar happens, the government could: Monitor every transaction, keep track of your spending habits, and potentially control your individual choices… Which MAY steal your freedoms in one way or another. And if you don’t plan for this now... Your retirement savings could be at risk of being frozen, hacked, or deleted. You’ll want to act fast... Because with Biden’s long history of voting against Americans... Who knows how much longer until Biden strikes again! Get your hands on this FREE Wealth Protection Kit today and learn how you could shield your savings and investments before it’s too late! August 17, 2023 | finance.yahoo.comTEGNA Shareholders Overwhelmingly Re-elect Board Members and Approve Say on Pay Proposal at Annual MeetingAugust 12, 2023 | msn.comTEGNA: Despite Mixed Results, The Stock Is UndervaluedAugust 9, 2023 | finance.yahoo.comTEGNA (TGNA) Q2 Earnings Beat Estimates, Revenues Fall Y/YAugust 4, 2023 | uk.finance.yahoo.comTEGNA Inc. (TGNA) stock price, news, quote & history – Yahoo FinanceAugust 4, 2023 | yahoo.comTegna Reports Increase in Q2 Net Income to $200.1 MillionAugust 3, 2023 | markets.businessinsider.comTEGNA (TGNA) Receives a Hold from BarringtonAugust 3, 2023 | msn.comTegna Reports Increase In 2Q Net Income To $200.1 MillionAugust 3, 2023 | finance.yahoo.comTEGNA Inc. Reports Second Quarter 2023 Results and Provides Third Quarter GuidanceAugust 2, 2023 | msn.comTegna ticks higher amid bullish pitch from investor Mario GabelliJuly 22, 2023 | finance.yahoo.comTGNA - TEGNA Inc.July 6, 2023 | msn.comTegna Appoints Valerie Guyton President, GM at KWES, KIDY and KXVA in West TexasJuly 6, 2023 | finance.yahoo.comTEGNA Appoints Valerie Guyton President and General Manager at KWES, KIDY and KXVA in West TexasJune 23, 2023 | msn.comLackawanna Pro Bono receives Tegna donationJune 3, 2023 | yahoo.comTegna Gets 8.6 Million Shares From Standard GeneralJune 2, 2023 | finance.yahoo.comAre Options Traders Betting on a Big Move in TEGNA (TGNA) Stock?June 2, 2023 | finance.yahoo.comTEGNA Inc. Enters Into $300 Million Accelerated Share Repurchase AgreementJune 2, 2023 | seekingalpha.comTEGNA announces $300 accelerated share buyback and a 20% raise in dividendMay 30, 2023 | msn.com5 big dividends & buybacks: Big Lots suspends payout, Tegna hikes by 20%See More Headlines Receive TGNA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TEGNA and its competitors with MarketBeat's FREE daily newsletter. Email Address TGNA Company Calendar Ex-Dividend for 7/3 Dividend6/08/2023Dividend Payable7/03/2023Last Earnings8/03/2023Ex-Dividend for 10/2 Dividend9/07/2023Today10/01/2023Dividend Payable10/02/2023Next Earnings (Confirmed)11/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Television broadcasting stations Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNYSE:TGNA CUSIPN/A CIK39899 Webwww.tegna.com Phone703-873-6600Fax703-854-2053Employees6,300Year FoundedN/APrice Target and Rating Average Stock Price Forecast$21.00 High Stock Price Forecast$22.00 Low Stock Price Forecast$19.00 Forecasted Upside/Downside+44.1%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$3.00 Trailing P/E Ratio4.86 Forward P/E Ratio8.52 P/E GrowthN/ANet Income$630.47 million Net Margins20.96% Pretax Margin26.90% Return on Equity19.06% Return on Assets7.90% Debt Debt-to-Equity Ratio1.06 Current Ratio3.44 Quick Ratio3.44 Sales & Book Value Annual Sales$3.28 billion Price / Sales0.90 Cash Flow$3.42 per share Price / Cash Flow4.26 Book Value$13.76 per share Price / Book1.06Miscellaneous Outstanding Shares201,520,000Free Float199,305,000Market Cap$2.94 billion OptionableOptionable Beta0.61 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. David T. Lougee (Age 59)Pres, CEO & Director Ms. Victoria Dux Harker (Age 53)Exec. VP & CFO Mr. Todd A. Mayman (Age 58)Exec. VP, Chief Legal & Admin. Officer Ms. Lynn Beall Trelstad (Age 57)EVP & COO of Media Operations Mr. Clifton A. McClelland III (Age 48)Sr. VP, Principal Accounting Officer & Controller Key CompetitorsGrupo Televisa, S.A.B.NYSE:TVNexstar Media GroupNASDAQ:NXSTGray TelevisionNYSE:GTN.AParamount GlobalNASDAQ:PARAViacomCBSNASDAQ:VIACAView All CompetitorsInsiders & InstitutionsDavidson Kempner Capital Management LPBought 366,345 shares on 9/12/2023Ownership: 0.182%Lynn B TrelstadSold 30,000 sharesTotal: $497,100.00 ($16.57/share)California State Teachers Retirement SystemSold 21,626 shares on 8/21/2023Ownership: 0.151%Teachers Retirement System of The State of KentuckyBought 3,677 shares on 8/21/2023Ownership: 0.019%Stansberry Asset Management LLCSold 339,309 shares on 8/17/2023Ownership: 0.135%View All Insider TransactionsView All Institutional Transactions TGNA Stock - Frequently Asked Questions Should I buy or sell TEGNA stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TGNA shares. View TGNA analyst ratings or view top-rated stocks. What is TEGNA's stock price forecast for 2023? 3 equities research analysts have issued 12 month target prices for TEGNA's shares. Their TGNA share price forecasts range from $19.00 to $22.00. On average, they expect the company's stock price to reach $21.00 in the next year. This suggests a possible upside of 44.1% 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 2023? TEGNA's stock was trading at $21.19 on January 1st, 2023. Since then, TGNA shares have decreased by 31.2% and is now trading at $14.57. View the best growth stocks for 2023 here. Are investors shorting TEGNA? TEGNA saw a increase in short interest in September. As of September 15th, there was short interest totaling 5,200,000 shares, an increase of 26.8% from the August 31st total of 4,100,000 shares. Based on an average daily volume of 2,310,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.6% of the company's 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 Tuesday, November 7th 2023. View our TGNA earnings forecast. How can I listen to TEGNA's earnings call? TEGNA will be holding an earnings conference call on Tuesday, November 7th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were TEGNA's earnings last quarter? TEGNA Inc. (NYSE:TGNA) announced its quarterly earnings results on Thursday, August, 3rd. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The company had revenue of $732 million for the quarter, compared to analyst estimates of $733.39 million. TEGNA had a trailing twelve-month return on equity of 19.06% and a net margin of 20.96%. The firm's revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 earnings per share. How often does TEGNA pay dividends? What is the dividend yield for TEGNA? TEGNA announced a quarterly dividend on Thursday, August 3rd. Stockholders of record on Friday, September 8th will be given a dividend of $0.1138 per share on Monday, October 2nd. This represents a $0.46 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, September 7th. This is an increase from the stock's previous quarterly dividend of $0.10. Read our dividend analysis for TGNA. What ETFs hold TEGNA's stock? ETFs with the largest weight of TEGNA (NYSE:TGNA) stock in their portfolio include Qraft AI-Enhanced Next Value ETF (NVQ), Formidable ETF (FORH), First Trust Merger Arbitrage ETF (MARB), AltShares Event-Driven ET (EVNT), Alpha Architect U.S. Quantitative Value ETF (QVAL), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), Distillate Small/Mid Cash Flow ETF (DSMC) and Royce Quant Small-Cap Quality Value ETF (SQLV). 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 3.12%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGNA will have a dividend payout ratio of 15.75% 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). What is TEGNA's stock symbol? TEGNA trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGNA." 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is TEGNA's stock price today? One share of TGNA stock can currently be purchased for approximately $14.57. How much money does TEGNA make? TEGNA (NYSE:TGNA) has a market capitalization of $2.94 billion and generates $3.28 billion in revenue each year. The company earns $630.47 million in net income (profit) each year or $3.00 on an earnings per share basis. How many employees does TEGNA have? The company employs 6,300 workers across the globe. How can I contact TEGNA? TEGNA's mailing address is 8350 BROAD STREET SUITE 2000, TYSONS VA, 22102. The official website for the company is www.tegna.com. The company can be reached via phone at 703-873-6600, via email at dkuckelman@tegna.com, or via fax at 703-854-2053. This page (NYSE:TGNA) was last updated on 10/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding TEGNA Inc. 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