NYSE:TGNA - TEGNA Stock Price, Price Target & More

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$11.95 -0.10 (-0.83 %)
(As of 07/15/2018 03:07 PM ET)
Previous Close$11.95
Today's Range$11.86 - $12.19
52-Week Range$10.00 - $15.60
Volume2.09 million shs
Average Volume3.36 million shs
Market Capitalization$2.58 billion
P/E Ratio10.21
Dividend Yield2.34%
Beta1.66
TEGNA logoTEGNA 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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Television broadcasting stations
Sub-IndustryN/A
SectorConsumer Discretionary
SymbolNYSE:TGNA
CUSIPN/A
Phone703-854-7000

Debt

Debt-to-Equity Ratio3.08
Current Ratio1.86
Quick Ratio1.86

Price-To-Earnings

Trailing P/E Ratio10.21
Forward P/E Ratio6.95
P/E Growth0.48

Sales & Book Value

Annual Sales$1.90 billion
Price / Sales1.35
Cash Flow$1.7269 per share
Price / Cash6.92
Book Value$4.62 per share
Price / Book2.59

Profitability

EPS (Most Recent Fiscal Year)$1.08
Net Income$273.74 million
Net Margins23.56%
Return on Equity27.89%
Return on Assets4.80%

Miscellaneous

Employees5,283
Outstanding Shares215,680,000
Market Cap$2,577.38

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TEGNA (NYSE:TGNA) Frequently Asked Questions

What is TEGNA's stock symbol?

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

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

TEGNA announced a quarterly dividend on Thursday, April 26th. Investors of record on Friday, June 8th will be given a dividend of $0.07 per share on Monday, July 2nd. This represents a $0.28 annualized dividend and a yield of 2.34%. The ex-dividend date is Thursday, June 7th. View TEGNA's Dividend History.

How will TEGNA's stock buyback program work?

TEGNA declared that its board has approved a stock repurchase plan on Wednesday, September 20th 2017, which allows the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 11.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

How were TEGNA's earnings last quarter?

TEGNA Inc. (NYSE:TGNA) released its earnings results on Tuesday, May, 8th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $502.10 million for the quarter, compared to analyst estimates of $497.35 million. TEGNA had a return on equity of 27.89% and a net margin of 23.56%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 EPS. View TEGNA's Earnings History.

When is TEGNA's next earnings date?

TEGNA is scheduled to release their next quarterly earnings announcement on Tuesday, August, 7th 2018. View Earnings Estimates for TEGNA.

What price target have analysts set for TGNA?

11 equities research analysts have issued 1-year target prices for TEGNA's stock. Their forecasts range from $11.00 to $19.00. On average, they anticipate TEGNA's stock price to reach $15.0909 in the next year. This suggests a possible upside of 26.3% from the stock's current price. View Analyst Ratings for TEGNA.

What is the consensus analysts' recommendation for TEGNA?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

What are Wall Street analysts saying about TEGNA stock?

Here are some recent quotes from research analysts about TEGNA stock:
  • 1. According to Zacks Investment Research, "Tegna is benefiting from accelerating subscriptions revenues. Further, the company’s strong presence in gubernatorial and U.S. Senate races will boost political revenues in 2018. The company’s focus on producing local and live-event content is expanding presence in the OTT market. TEGNA’s OTT local advertising network, Premion, continues to gain traction. The acquisition of the broadcasting stations of Midwest Television expands TEGNA’s U.S. television household reach by more than one million. Moreover, the acquisition is accretive to earnings within the first 12 months of closing. However, TEGNA operates in a competitive broadcast TV industry, which has long been grappling with declining advertising revenues. Cord-cutting is also a significant threat. Shares have underperformed the industry on a year-to-date basis." (7/9/2018)
  • 2. Benchmark Co. analysts commented, "We continue to like Premion as an asset embedded in the TEGNA portfolio, but believe the momentum and revenue trajectory will need to continue at a similar pace for at least another 12-24 months before investors even consider assigning some sort of valuation to it. Buy Current Price $10.54 Price Target $17.00 52-Wk Range $10.00 – $16.70 Shares Outstanding (mm) 217 Market Cap (mm) $2,289 Enterprise Value (mm) $6,020 Debt (mm) $3,731 Daniel L." (5/9/2018)

Are investors shorting TEGNA?

TEGNA saw a increase in short interest in the month of June. As of June 29th, there was short interest totalling 14,187,413 shares, an increase of 30.3% from the June 15th total of 10,891,569 shares. Based on an average daily trading volume, of 4,465,368 shares, the short-interest ratio is currently 3.2 days. Approximately 6.6% of the shares of the stock are sold short. View TEGNA's Current Options Chain.

Who are some of TEGNA's key competitors?

Who are TEGNA's key executives?

TEGNA's management team includes the folowing people:
  • Mr. David T. Lougee, Pres, CEO & Director (Age 59)
  • Ms. Victoria Dux Harker, Exec. VP & CFO (Age 53)
  • Mr. Todd A. Mayman, Exec. VP, Chief Legal & Admin. Officer (Age 58)
  • Ms. Lynn Beall Trelstad, EVP & COO of Media Operations (Age 57)
  • Mr. Clifton A. McClelland III, Sr. VP, Principal Accounting Officer & Controller (Age 48)

Has TEGNA been receiving favorable news coverage?

Media headlines about TGNA stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. TEGNA earned a media sentiment score of 0.13 on Accern's scale. They also assigned news headlines about the company an impact score of 46.76 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Who are TEGNA's major shareholders?

TEGNA's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Palo Capital Inc. (0.11%), Personal Resources Investment & Strategic Management Inc. (0.11%) and Xact Kapitalforvaltning AB (0.02%). Company insiders that own TEGNA stock include Clifton A Mcclelland III, Gracia C Martore, Howard D Elias, John A Williams, Lynn B Trelstad, Neal Shapiro, Todd A Mayman and William A Behan. View Institutional Ownership Trends for TEGNA.

Which institutional investors are selling TEGNA stock?

TGNA stock was sold by a variety of institutional investors in the last quarter, including Palo Capital Inc.. Company insiders that have sold TEGNA company stock in the last year include Clifton A Mcclelland III, Lynn B Trelstad, Neal Shapiro and Todd A Mayman. View Insider Buying and Selling for TEGNA.

Which institutional investors are buying TEGNA stock?

TGNA stock was purchased by a variety of institutional investors in the last quarter, including Personal Resources Investment & Strategic Management Inc. and Xact Kapitalforvaltning AB. View Insider Buying and Selling for TEGNA.

How do I buy shares of TEGNA?

Shares of TGNA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is TEGNA's stock price today?

One share of TGNA stock can currently be purchased for approximately $11.95.

How big of a company is TEGNA?

TEGNA has a market capitalization of $2.58 billion and generates $1.90 billion in revenue each year. The company earns $273.74 million in net income (profit) each year or $1.08 on an earnings per share basis. TEGNA employs 5,283 workers across the globe.

How can I contact TEGNA?

TEGNA's mailing address is 7950 JONES BRANCH DRIVE, MCLEAN VA, 22107. The company can be reached via phone at 703-854-7000 or via email at [email protected]


MarketBeat Community Rating for TEGNA (NYSE TGNA)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  296 (Vote Outperform)
Underperform Votes:  374 (Vote Underperform)
Total Votes:  670
MarketBeat's community ratings are surveys of what our community members think about TEGNA and other stocks. Vote "Outperform" if you believe TGNA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TGNA will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/15/2018 by MarketBeat.com Staff

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