NYSE:TGNA TEGNA (TGNA) Stock Forecast, Price & News $16.47 +0.15 (+0.92%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$16.33▼$16.6550-Day Range$15.37▼$17.2652-Week Range$15.09▼$22.29Volume2.64 million shsAverage Volume2.18 million shsMarket Capitalization$3.71 billionP/E Ratio6.17Dividend Yield2.31%Price Target$20.67 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media TEGNA MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside25.5% Upside$20.67 Price TargetShort InterestHealthy2.33% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.68Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth59.43%From $1.75 to $2.79 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.17 out of 5 starsConsumer Discretionary Sector27th out of 265 stocksTelevision Broadcasting Stations Industry5th out of 14 stocks 3.3 Analyst's Opinion Consensus RatingTEGNA has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $20.67, TEGNA has a forecasted upside of 25.5% from its current price of $16.47.Amount of Analyst CoverageTEGNA has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.33% of the outstanding shares of TEGNA have been sold short.Short Interest Ratio / Days to CoverTEGNA has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in TEGNA has recently decreased by 5.59%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldTEGNA pays a meaningful dividend of 2.33%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTEGNA does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of TEGNA is 14.23%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, TEGNA will have a dividend payout ratio of 13.62% next year. This indicates that TEGNA will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TGNA. Previous Next 3.2 News and Social Media Coverage News SentimentTEGNA has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 7 news articles for TEGNA this week, compared to 3 articles on an average week.Search InterestOnly 4 people have searched for TGNA on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows2 people have added TEGNA to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TEGNA insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.96% of the stock of TEGNA is held by insiders.Percentage Held by Institutions87.40% of the stock of TEGNA is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for TEGNA are expected to grow by 59.43% in the coming year, from $1.75 to $2.79 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TEGNA is 6.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.55.Price to Earnings Ratio vs. SectorThe P/E ratio of TEGNA is 6.17, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 12.74.Price to Book Value per Share RatioTEGNA has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About TEGNA (NYSE:TGNA) StockTEGNA 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.Read More Receive TGNA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TEGNA and its competitors with MarketBeat's FREE daily newsletter. Email Address TGNA Stock News HeadlinesJune 6, 2023 | americanbankingnews.comTEGNA Inc. (NYSE:TGNA) Declares $0.10 Quarterly DividendJune 3, 2023 | yahoo.comTegna Gets 8.6 Million Shares From Standard GeneralJune 8, 2023 | Edge On The Street (Ad)Graphite Shortage Could Derail the $7 Trillion EV TransitionGraphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.June 2, 2023 | finance.yahoo.comAre Options Traders Betting on a Big Move in TEGNA (TGNA) Stock?June 2, 2023 | finance.yahoo.comTEGNA Inc. Enters Into $300 Million Accelerated Share Repurchase AgreementJune 2, 2023 | seekingalpha.comTEGNA announces $300 accelerated share buyback and a 20% raise in dividendMay 30, 2023 | msn.com5 big dividends & buybacks: Big Lots suspends payout, Tegna hikes by 20%May 30, 2023 | americanbankingnews.comQ3 2023 Earnings Forecast for TEGNA Inc. (NYSE:TGNA) Issued By Barrington ResearchJune 8, 2023 | Edge On The Street (Ad)Graphite Shortage Could Derail the $7 Trillion EV TransitionGraphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.May 27, 2023 | msn.comBenchmark Reiterates TEGNA (TGNA) Buy RecommendationMay 26, 2023 | msn.comAnalyst Ratings for TegnaMay 25, 2023 | bizjournals.comTysons media company Tegna 'back on the offense' after its sale agreement is terminatedMay 25, 2023 | businesswire.comTEGNA Stations Honored with 84 Regional Edward R. Murrow AwardsMay 24, 2023 | msn.com5 On Your Side and the TEGNA Foundation issue grants to St. Louis area non-profitsMay 24, 2023 | reuters.comTegna scraps $8.6 bln Standard General deal after regulatory pushbackMay 24, 2023 | finance.yahoo.comTEGNA Named One of the Most Community-Minded Companies in the U.S. by The Civic 50 for Fourth Consecutive YearMay 23, 2023 | bizjournals.comKSDK parent Tegna terminates $5.4B merger deal with Standard General, says it's owed $136MMay 23, 2023 | reuters.comTegna terminates $8.6 billion merger with Standard GeneralMay 23, 2023 | finance.yahoo.comStandard General’s Tegna Takeover Dies After Money GoesMay 22, 2023 | marketwatch.comTegna announces $300 million buyback, dividend hike after scrapped merger deal with Standard GeneralMay 22, 2023 | bizjournals.comTegna's sale agreement with Standard General terminated. The Tysons company says it's due $136M.May 22, 2023 | seekingalpha.comTegna jumps 5% after Standard General deal terminated, buyback announcedMay 22, 2023 | seekingalpha.comTegna falls ahead of Standard General deal termination deadlineMay 21, 2023 | americanbankingnews.comTEGNA (NYSE:TGNA) Earns Hold Rating from Analysts at StockNews.comMay 19, 2023 | msn.comTEGNA: Looking To The FutureMay 17, 2023 | msn.comTegna gains as Standard General says it;s trying to resolve FCC concernsMay 15, 2023 | yahoo.comParties Spar at FCC as Standard General-Tegna Financing Deadline LoomsSee More Headlines TGNA Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TGNA Company Calendar Ex-Dividend for 4/3 Dividend3/09/2023Dividend Payable4/03/2023Last Earnings5/10/2023Today6/07/2023Ex-Dividend for 7/3 Dividend6/08/2023Dividend Payable7/03/2023Next Earnings (Estimated)8/14/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Television broadcasting stations Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNYSE:TGNA CUSIPN/A CIK39899 Webwww.tegna.com Phone703-873-6600Fax703-854-2053Employees6,300Year FoundedN/APrice Target and Rating Average Stock Price Forecast$20.67 High Stock Price Forecast$22.00 Low Stock Price Forecast$18.00 Forecasted Upside/Downside+25.5%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.67 Trailing P/E Ratio6.17 Forward P/E Ratio9.41 P/E GrowthN/ANet Income$630.47 million Net Margins18.50% Pretax Margin24.35% Return on Equity20.62% Return on Assets8.47% Debt Debt-to-Equity Ratio0.97 Current Ratio3.70 Quick Ratio3.70 Sales & Book Value Annual Sales$3.28 billion Price / Sales1.13 Cash Flow$3.48 per share Price / Cash Flow4.73 Book Value$13.76 per share Price / Book1.20Miscellaneous Outstanding Shares225,030,000Free Float222,868,000Market Cap$3.71 billion OptionableOptionable Beta0.60 Key ExecutivesMr. David T. Lougee (Age 59)Pres, CEO & Director Ms. Victoria Dux Harker (Age 53)Exec. VP & CFO Mr. Todd A. Mayman (Age 58)Exec. VP, Chief Legal & Admin. Officer Ms. Lynn Beall Trelstad (Age 57)EVP & COO of Media Operations Mr. Clifton A. McClelland III (Age 48)Sr. VP, Principal Accounting Officer & Controller Key CompetitorsGrupo Televisa, S.A.B.NYSE:TVNexstar Media GroupNASDAQ:NXSTSinclair Broadcast GroupNASDAQ:SBGIParamount GlobalNASDAQ:PARAViacomCBSNASDAQ:VIACAView All CompetitorsInstitutional OwnershipAurora Investment CounselSold 113,340 shares on 6/5/2023Ownership: 0.001%Ontario Teachers Pension Plan BoardBought 45,622 shares on 6/1/2023Ownership: 0.036%Prelude Capital Management LLCSold 102,729 shares on 6/1/2023Ownership: 0.033%ProShare Advisors LLCSold 3,352 shares on 5/26/2023Ownership: 0.018%Brandywine Global Investment Management LLCSold 953 shares on 5/25/2023Ownership: 0.321%View All Institutional Transactions TGNA Stock - 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 1 hold rating 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. What is TEGNA's stock price forecast for 2023? 3 analysts have issued twelve-month target prices for TEGNA's shares. Their TGNA share price forecasts range from $18.00 to $22.00. On average, they anticipate the company's share price to reach $20.67 in the next year. This suggests a possible upside of 25.5% 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 2023? TEGNA's stock was trading at $21.19 on January 1st, 2023. Since then, TGNA stock has decreased by 22.3% and is now trading at $16.47. View the best growth stocks for 2023 here. When is TEGNA's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023. View our TGNA earnings forecast. How were TEGNA's earnings last quarter? TEGNA Inc. (NYSE:TGNA) posted its quarterly earnings data on Wednesday, May, 10th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $740.33 million for the quarter, compared to the consensus estimate of $746 million. TEGNA had a trailing twelve-month return on equity of 20.62% and a net margin of 18.50%. How often does TEGNA pay dividends? What is the dividend yield for TEGNA? TEGNA declared a quarterly dividend on Wednesday, May 10th. Investors of record on Friday, June 9th will be paid a dividend of $0.095 per share on Monday, July 3rd. This represents a $0.38 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, June 8th. Read our dividend analysis for TGNA. What ETFs hold TEGNA's stock? ETFs with the largest weight of TEGNA (NYSE:TGNA) stock in their portfolio include First Trust Merger Arbitrage ETF (MARB), Formidable ETF (FORH), Invesco Dynamic Media ETF (PBS), AltShares Event-Driven ET (EVNT), Alpha Architect U.S. Quantitative Value ETF (QVAL), 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). Is TEGNA a good dividend stock? TEGNA (NYSE:TGNA) pays an annual dividend of $0.38 per share and currently has a dividend yield of 2.33%. The dividend payout ratio is 14.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGNA will have a dividend payout ratio of 13.62% 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). What is TEGNA's stock symbol? TEGNA trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGNA." Who are TEGNA's major shareholders? TEGNA's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.34%), Boston Partners (4.70%), State Street Corp (4.39%), Dimensional Fund Advisors LP (3.04%), Geode Capital Management LLC (2.14%) and LSV Asset Management (1.95%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is TEGNA's stock price today? One share of TGNA stock can currently be purchased for approximately $16.47. How much money does TEGNA make? TEGNA (NYSE:TGNA) has a market capitalization of $3.71 billion and generates $3.28 billion in revenue each year. The company earns $630.47 million in net income (profit) each year or $2.67 on an earnings per share basis. How many employees does TEGNA have? The company employs 6,300 workers across the globe. How can I contact TEGNA? 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. 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