TEGNA (TGNA) Stock Forecast, Price & News

3 Wall Street research 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 research analysts is that investors should "moderate buy" TGNA shares.
View TGNA analyst ratings or view top-rated stocks.

3 analysts have issued 12-month price targets for TEGNA's shares. Their TGNA share price forecasts range from $19.00 to $22.00. On average, they predict 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.
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TEGNA's stock was trading at $21.19 at the beginning of the year. Since then, TGNA stock has decreased by 31.2% and is now trading at $14.57.
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TEGNA saw a increase in short interest during the month of 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 trading volume of 2,310,000 shares, the short-interest ratio is currently 2.3 days. Currently, 2.6% of the shares of the stock are sold short.
View TEGNA's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our TGNA earnings forecast.

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.

TEGNA Inc. (NYSE:TGNA) announced its quarterly earnings data on Thursday, August, 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. The business 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 19.06% and a net margin of 20.96%. The firm's quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 earnings per share.

TEGNA announced a quarterly dividend on Thursday, August 3rd. Investors 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 dividend yield of 3.12%. The ex-dividend date is Thursday, September 7th. This is a positive change from the stock's previous quarterly dividend of $0.10.
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).

TEGNA (NYSE:TGNA) pays an annual dividend of $0.46 per share and currently has a dividend yield of 3.10%. 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.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGNA."

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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One share of TGNA stock can currently be purchased for approximately $14.57.

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.

The company employs 6,300 workers across the globe.

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.