TEGNA - TGNA Stock Forecast, Price & News

4 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 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TGNA shares.
View TGNA analyst ratings or view top-rated stocks.

4 Wall Street research analysts have issued 12-month price targets for TEGNA's shares. Their TGNA share price forecasts range from $20.00 to $22.00. On average, they predict the company's share price to reach $21.00 in the next year. This suggests a possible upside of 30.7% 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 start of the year. Since then, TGNA shares have decreased by 24.2% and is now trading at $16.07.
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TEGNA saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 4,220,000 shares, a decrease of 15.9% from the February 28th total of 5,020,000 shares. Based on an average daily trading volume, of 2,180,000 shares, the short-interest ratio is presently 1.9 days.
View TEGNA's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our TGNA earnings forecast.

TEGNA Inc. (NYSE:TGNA) posted its quarterly earnings results on Monday, February, 27th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.08. The business earned $917.30 million during the quarter, compared to the consensus estimate of $944.90 million. TEGNA had a net margin of 19.23% and a trailing twelve-month return on equity of 22.51%. TEGNA's revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS.

TEGNA declared a quarterly dividend on Wednesday, February 22nd. Shareholders of record on Friday, March 10th will be given a dividend of $0.095 per share on Monday, April 3rd. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Thursday, March 9th.
Read our dividend analysis for TGNA.

ETFs with the largest weight of TEGNA (NYSE:TGNA) stock in their portfolio include Formidable ETF (FORH), AltShares Event-Driven ET (EVNT), First Trust Merger Arbitrage ETF (MARB), Invesco Dynamic Media ETF (PBS), Global X Adaptive US Factor ETF (AUSF), AltShares Merger Arbitrage ETF (ARB), Invesco S&P MidCap Value with Momentum ETF (XMVM) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).

TEGNA (NYSE:TGNA) pays an annual dividend of $0.38 per share and currently has a dividend yield of 2.44%. The dividend payout ratio is 13.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGNA will have a dividend payout ratio of 13.57% 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."

TEGNA's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (3.08%), Segantii Capital Management Ltd (2.43%), LSV Asset Management (1.97%), Geode Capital Management LLC (1.97%), Alpine Associates Management Inc. (1.79%) and Water Island Capital LLC (1.48%).
View institutional ownership trends.

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 $16.07.

TEGNA (NYSE:TGNA) has a market capitalization of $3.59 billion and generates $3.28 billion in revenue each year. The company earns $630.47 million in net income (profit) each year or $2.81 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.