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

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024.
View our TGNA earnings forecast.

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.

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.

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.

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).

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.

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).

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.
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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.
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