S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
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AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
New CBOE “special perk” helps traders target income every weekend (Ad)
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
New CBOE “special perk” helps traders target income every weekend (Ad)
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
New CBOE “special perk” helps traders target income every weekend (Ad)
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way

TEGNA Stock Price, News & Analysis (NYSE:TGNA)

$15.39
+0.20 (+1.32%)
(As of 12/8/2023 ET)
Compare
Today's Range
$15.15
$15.50
50-Day Range
$13.77
$16.00
52-Week Range
$13.65
$22.29
Volume
1.97 million shs
Average Volume
2.06 million shs
Market Capitalization
$3.03 billion
P/E Ratio
5.44
Dividend Yield
2.99%
Price Target
$19.50

TEGNA MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
26.7% Upside
$19.50 Price Target
Short Interest
Bearish
10.64% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.15mentions of TEGNA in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.54 M Sold Last Quarter
Proj. Earnings Growth
92.18%
From $1.79 to $3.44 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.64 out of 5 stars

Consumer Discretionary Sector

41st out of 259 stocks

Television Broadcasting Stations Industry

6th 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

Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Tegna Stations Go Dark on DirecTV
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
TEGNA Names Lauren Fisher Chief Legal Officer
TEGNA Inc. (NYSE:TGNA) Q3 2023 Earnings Call Transcript
TEGNA Q3 2023 Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 10/2 Dividend
9/07/2023
Dividend Payable
10/02/2023
Ex-Dividend for 1/2 Dividend
12/07/2023
Today
12/10/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/02/2024
Next Earnings (Estimated)
2/26/2024

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
$19.50
High Stock Price Target
$22.00
Low Stock Price Target
$17.00
Potential Upside/Downside
+26.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$630.47 million
Pretax Margin
25.56%

Debt

Sales & Book Value

Annual Sales
$3.28 billion
Cash Flow
$3.47 per share
Book Value
$13.76 per share

Miscellaneous

Free Float
194,801,000
Market Cap
$3.03 billion
Optionable
Optionable
Beta
0.63
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TGNA Stock Analysis - Frequently Asked Questions

Should I buy or sell TEGNA stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last twelve months. There are currently 2 hold ratings 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 target for 2024?

4 Wall Street analysts have issued 12-month price objectives for TEGNA's stock. Their TGNA share price targets range from $17.00 to $22.00. On average, they predict the company's share price to reach $19.50 in the next year. This suggests a possible upside of 26.7% 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 at the beginning of 2023. Since then, TGNA stock has decreased by 27.4% and is now trading at $15.39.
View the best growth stocks for 2023 here
.

Are investors shorting TEGNA?

TEGNA saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 20,680,000 shares, an increase of 404.4% from the October 31st total of 4,100,000 shares. Based on an average trading volume of 2,340,000 shares, the short-interest ratio is currently 8.8 days. Currently, 10.6% of the shares of the company 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 Monday, February 26th 2024.
View our TGNA earnings forecast
.

How were TEGNA's earnings last quarter?

TEGNA Inc. (NYSE:TGNA) released its quarterly earnings data on Thursday, August, 3rd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The firm had revenue of $732 million for the quarter, compared to the consensus estimate of $733.39 million. TEGNA had a trailing twelve-month return on equity of 16.65% and a net margin of 19.96%. The firm's revenue was down 6.8% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS.

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

TEGNA declared a quarterly dividend on Thursday, October 26th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.114 per share on Tuesday, January 2nd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, December 7th. This is a boost from the stock's previous quarterly dividend of $0.11.
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 3.00%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGNA will have a dividend payout ratio of 13.37% 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 Boston Partners (5.25%), LSV Asset Management (2.32%), Northern Trust Corp (2.20%), Bank of New York Mellon Corp (1.93%), AQR Capital Management LLC (1.64%) and Morgan Stanley (1.51%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:TGNA) was last updated on 12/10/2023 by MarketBeat.com Staff

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