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.
Industry, Sector and Symbol
Industry Television broadcasting stations
Sub-IndustryN/A
SectorConsumer Discretionary
Phone703-854-7000
Debt
Current Ratio1.47
Quick Ratio1.47
Price-To-Earnings
Sales & Book Value
Annual Sales$1.90 billion
Price / Sales1.31
Price / Cash Flow6.74
Price / Book2.50
Profitability
Net Income$273.74 million
Net Margins26.46%
Return on Assets5.97%
Miscellaneous
Employees5,283
OptionableOptionable
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 Monday, October 29th. Investors of record on Friday, December 7th will be given a dividend of $0.07 per share on Wednesday, January 2nd. This represents a $0.28 annualized dividend and a yield of 2.43%. The ex-dividend date is Thursday, December 6th. View TEGNA's Dividend History.
How will TEGNA's stock buyback program work?
TEGNA announced that its Board of Directors has approved a stock buyback plan on Wednesday, September 20th 2017, which permits the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 11.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its shares are undervalued.
How were TEGNA's earnings last quarter?
TEGNA Inc. (NYSE:TGNA) posted its quarterly earnings data on Thursday, November, 8th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.37 by $0.03. The firm earned $539 million during the quarter, compared to the consensus estimate of $537.68 million. TEGNA had a net margin of 26.46% and a return on equity of 28.02%. The company's revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 EPS. View TEGNA's Earnings History.
When is TEGNA's next earnings date?
How can I listen to TEGNA's earnings call?
TEGNA will be holding an earnings conference call on Friday, March 1st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8883948218.
What price target have analysts set for TGNA?
11 brokerages have issued 1-year price objectives for TEGNA's stock. Their predictions range from $11.00 to $17.00. On average, they expect TEGNA's stock price to reach $14.30 in the next twelve months. This suggests a possible upside of 23.9% from the stock's current price. View Analyst Price Targets 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." View Analyst Ratings for TEGNA.
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’s acquisition of two leading stations, WTOL and KWES, in Ohio and Texas is expected to be accretive to its free cash flow immediately and to earnings in less than a year after close. Additionally, Premion, which is helping the company reach customers beyond its traditional business, has expanded its reach to 200 markets from 39 markets earlier. Moreover, the company continues to benefit from higher paid-up subscribers, both MVPD and OTT subscribers, and increased revenues from political advertisements. Political revenues recorded an all-time high, including presidential election years and came well above the previous mid-term election in 2014. However, the company operates in a competitive broadcast TV industry, which has long been grappling with declining advertising revenues. Moreover, its shares have also underperformed the industry over the past year." (1/15/2019)
- 2. Barrington Research analysts commented, "We are lowering our 2018-based price target by $3 to $15 for TGNA assigning a 9x two-year-forward EV/EBITDA multiple reflecting the industry-leading positions in its broadcasting and related digital businesses. TEGNA is committed to returning capital to shareholders via a $0.28 annual dividend (yielding 2.6%) and share repurchases. TEGNA is focused on using its industry-leading position in broadcasting to establish and grow related programming and digital initiatives." (8/16/2018)
Has TEGNA been receiving favorable news coverage?
News stories about TGNA stock have trended somewhat positive this week, according to InfoTrie. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. TEGNA earned a news sentiment score of 1.9 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future.
Who are some of TEGNA's key competitors?
Some companies that are related to TEGNA include Liberty Media Formula One Series C (FWONK), Liberty Media Formula One Series A (FWONA), Grupo Televisa SAB (TV), Liberty Media Formula One Series B (FWONB), PROSIEBENSAT 1/ADR (PBSFY), Tribune (TRCO), Nexstar Media Group (NXST), Sinclair Broadcast Group (SBGI), Television Francaise 1 (TVFCF), Gray Television (GTN), Gray Television (GTN.A), Central European Media Enterprises (CETV), Entravision Communication (EVC), Liberty Braves Group Series A (BATRA) and Phoenix New Media (FENG).
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)
Who are TEGNA's major shareholders?
TEGNA's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Retirement Systems of Alabama (0.13%), Louisiana State Employees Retirement System (0.03%), First Hawaiian Bank (0.00%) and North Star Investment Management Corp. (0.00%). Company insiders that own TEGNA stock include Clifton A Mcclelland III, 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 North Star Investment Management Corp. and Louisiana State Employees Retirement System. Company insiders that have sold TEGNA company stock in the last year include Lynn B Trelstad and Neal Shapiro. View Insider Buying and Selling for TEGNA.
Which institutional investors are buying TEGNA stock?
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 $11.54.
How big of a company is TEGNA?
TEGNA has a market capitalization of $2.51 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.
What is TEGNA's official website?
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)
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.
