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NYSE:TGNA

TEGNA (TGNA) Stock Price, News & Analysis

$14.34
+0.30 (+2.14%)
(As of 05/24/2024 ET)
Today's Range
$14.08
$14.36
50-Day Range
$13.26
$15.72
52-Week Range
$13.18
$17.37
Volume
1.30 million shs
Average Volume
2.00 million shs
Market Capitalization
$2.43 billion
P/E Ratio
5.01
Dividend Yield
3.21%
Price Target
$17.00

TEGNA MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
18.5% Upside
$17.00 Price Target
Short Interest
Healthy
4.37% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.89mentions of TEGNA in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.99 M Sold Last Quarter
Proj. Earnings Growth
-36.66%
From $3.11 to $1.97 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.

2.97 out of 5 stars

Consumer Discretionary Sector

150th out of 265 stocks

Television Broadcasting Stations Industry

8th out of 10 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

Barrington Reaffirms Their Hold Rating on TEGNA (TGNA)
TEGNA (NYSE:TGNA) Misses Q1 Revenue Estimates
Here's what Wall Street expects from TEGNA's earnings
See More Headlines
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Company Calendar

Ex-Dividend for 4/1 Dividend
3/07/2024
Dividend Payable
4/01/2024
Last Earnings
5/08/2024
Today
5/25/2024
Ex-Dividend for 7/1 Dividend
6/07/2024
Dividend Payable
7/01/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
N/A
Employees
6,200
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
+18.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$476.72 million
Pretax Margin
25.00%

Debt

Sales & Book Value

Annual Sales
$2.91 billion
Cash Flow
$2.51 per share
Book Value
$16.50 per share

Miscellaneous

Free Float
168,112,000
Market Cap
$2.43 billion
Optionable
Optionable
Beta
0.50
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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 brokers have issued 12 month price objectives for TEGNA's shares. Their TGNA share price targets range from $15.00 to $21.00. On average, they anticipate the company's share price to reach $17.00 in the next year. This suggests a possible upside of 18.5% 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 stock has decreased by 6.3% and is now trading at $14.34.
View the best growth stocks for 2024 here
.

When is TEGNA's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our TGNA earnings forecast
.

How were TEGNA's earnings last quarter?

TEGNA Inc. (NYSE:TGNA) posted its earnings results on Wednesday, May, 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.02. The firm earned $714.30 million during the quarter, compared to analysts' expectations of $718.86 million. TEGNA had a trailing twelve-month return on equity of 11.86% and a net margin of 19.48%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 EPS.

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

TEGNA declared a quarterly dividend on Wednesday, May 8th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.125 per share on Monday, July 1st. This represents a $0.50 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, June 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 3.24%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGNA will have a dividend payout ratio of 23.35% 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.22%), LSV Asset Management (3.52%), Gamco Investors INC. ET AL (1.44%), Gabelli Funds LLC (1.00%), GABELLI & Co INVESTMENT ADVISERS INC. (0.55%) and Principal Financial Group Inc. (0.49%). Insiders that own company stock include Clifton A Mcclelland III, 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 5/25/2024 by MarketBeat.com Staff

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