Tegna Company Profile (NYSE:TGNA)

About Tegna (NYSE:TGNA)

Tegna logoTegna Inc. has a portfolio of media and digital businesses that provide content. The Company's segments include TEGNA Media (Media) and TEGNA Digital (Digital). As of December 31, 2016, its media business included 46 television stations operating in 38 markets and offered television programming and digital content. Its digital business consists of its Cars.com and CareerBuilder business units that operate in the automotive and human capital solutions industries. Its Media segment includes core advertising, including local and national non-political advertising; political advertising during elections; retransmission that represents satellite and cable networks, and telecommunications companies to carry its television signals; digital that includes digital marketing services and advertising on the stations' Websites, tablet and mobile products, and other services. Its Digital business segment consists of four business units, including Cars.com, CareerBuilder, G/O Digital and Cofactor.

Industry, Sector and Symbol:
  • Sector: Consumer Discretionary
  • Industry: Broadcasting - TV
  • Sub-Industry: N/A
  • Symbol: NYSE:TGNA
  • CUSIP: N/A
  • Web: www.tegna.com
  • Market Cap: $5.17 billion
  • Outstanding Shares: 214,789,000
Average Prices:
  • 50 Day Moving Avg: $24.60
  • 200 Day Moving Avg: $23.65
  • 52 Week Range: $17.91 - $26.65
  • Trailing P/E Ratio: 12.85
  • Foreward P/E Ratio: 10.70
  • P/E Growth: 1.40
Sales & Book Value:
  • Annual Revenue: $3.34 billion
  • Price / Sales: 1.55
  • Book Value: $10.66 per share
  • Price / Book: 2.26
  • Annual Dividend: $0.56
  • Dividend Yield: 2.4%
  • EBIDTA: $1.16 billion
  • Net Margins: 14.33%
  • Return on Equity: 19.14%
  • Return on Assets: 5.50%
  • Debt-to-Equity Ratio: 1.70%
  • Current Ratio: 1.39%
  • Quick Ratio: 1.39%
  • Average Volume: 2.61 million shs.
  • Beta: 1.69
  • Short Ratio: 1.89

Frequently Asked Questions for Tegna (NYSE:TGNA)

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 declared a quarterly dividend on Wednesday, March 1st. Shareholders of record on Friday, March 10th will be given a dividend of $0.14 per share on Monday, April 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, March 8th. View Tegna's Dividend History.

How were Tegna's earnings last quarter?

Tegna Inc (NYSE:TGNA) posted its quarterly earnings data on Tuesday, May, 9th. The company reported $0.33 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.33. The firm earned $778.50 million during the quarter, compared to the consensus estimate of $799.54 million. Tegna had a return on equity of 19.14% and a net margin of 14.33%. The business's revenue was down .4% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. View Tegna's Earnings History.

Where is Tegna's stock going? Where will Tegna's stock price be in 2017?

10 equities research analysts have issued 1 year price targets for Tegna's stock. Their predictions range from $20.00 to $36.00. On average, they expect Tegna's stock price to reach $27.75 in the next year. View Analyst Ratings for Tegna.

What are analysts saying about Tegna stock?

Here are some recent quotes from research analysts about Tegna stock:

  • 1. FBR & Co analysts commented, "We are making slight changes to our TEGNA model after the company’s recent 10-K filing. In the process of updating, we adjusted a tax rate calculation, and we are bumping up our 2018 EPS estimate $0.08 to $2.17. Our $30 SOTP-based price target is unchanged." (3/8/2017)
  • 2. Jefferies Group LLC analysts commented, "TGNA's 1Q guidance for media rev came in below our already tempered expectations. However, commentary regarding regulatory changes and stronger retrans growth remain the key themes for investors. While we continue to expect strength for the broadcasters given M&A expectations in 2017, we maintain our neutral rating given concerns regarding core and growth of Cars/CB." (2/28/2017)
  • 3. According to Zacks Investment Research, "TEGNA owns the broadcasting assets of the legacy Gannett company following its June 2015 split into two publicly traded companies - a broadcasting and digital company called TEGNA, Inc. (Ticker: TGNA) and a publishing company called Gannett Co., Inc. (Ticker: GCI). TEGNA owns 64 television stations and is the largest independent television station group of major network affiliates in the top 25 markets. TEGNA's digital assets include sites like Cars.com, CareerBuilder and others. " (7/15/2016)

Are investors shorting Tegna?

Tegna saw a increase in short interest in April. As of April 13th, there was short interest totalling 7,329,485 shares, an increase of 76.7% from the March 31st total of 4,146,812 shares. Based on an average daily volume of 1,605,570 shares, the days-to-cover ratio is currently 4.6 days. Approximately 3.4% of the shares of the company are sold short.

Who are some of Tegna's key competitors?

Who owns Tegna stock?

Tegna's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.81%), BlackRock Inc. (6.20%), State Street Corp (4.53%), New South Capital Management Inc. (4.11%), Diamond Hill Capital Management Inc. (3.93%) and Fairpointe Capital LLC (3.49%). Company insiders that own Tegna stock include Gracia C Martore, Howard D Elias, John A Williams, Todd A Mayman and William A Behan. View Institutional Ownership Trends for Tegna.

Who sold Tegna stock? Who is selling Tegna stock?

Tegna's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Credit Agricole S A, Ariel Investments LLC, Smead Capital Management Inc., Diamond Hill Capital Management Inc., Cove Street Capital LLC, Fairpointe Capital LLC and Thrivent Financial For Lutherans. Company insiders that have sold Tegna stock in the last year include Gracia C Martore, Howard D Elias, John A Williams, Todd A Mayman and William A Behan. View Insider Buying and Selling for Tegna.

Who bought Tegna stock? Who is buying Tegna stock?

Tegna's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, Contrarius Investment Management Ltd, AQR Capital Management LLC, Stifel Financial Corp, Pinnacle Associates Ltd., Clark Capital Management Group Inc. and WINTON GROUP Ltd. View Insider Buying and Selling for Tegna.

How do I buy Tegna stock?

Shares of Tegna can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Tegna stock cost?

One share of Tegna stock can currently be purchased for approximately $24.07.

Analyst Ratings

Consensus Ratings for Tegna (NYSE:TGNA) (?)
Ratings Breakdown: 1 Sell Rating, 5 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.30)
Consensus Price Target: $27.75 (15.29% upside)

Analysts' Ratings History for Tegna (NYSE:TGNA)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/15/2017FBR & CoLower Price TargetOutperform$30.00 -> $29.00MediumView Rating Details
4/3/2017Jefferies Group LLCReiterated RatingHold$26.00LowView Rating Details
3/7/2017Barrington ResearchReiterated RatingOutperform -> Outperform$28.00 -> $36.00N/AView Rating Details
2/28/2017Benchmark Co.Boost Price TargetBuy -> Buy$25.00 -> $30.00N/AView Rating Details
11/23/2016JPMorgan Chase & Co.DowngradeOverweight -> Neutral$23.00N/AView Rating Details
11/3/2016Barclays PLCReiterated RatingSell$20.00N/AView Rating Details
11/3/2016StephensDowngradeOverweight -> Equal WeightN/AView Rating Details
9/26/2016Wells Fargo & CoReiterated RatingHoldN/AView Rating Details
8/13/2016ArgusReiterated RatingBuy$33.00N/AView Rating Details
6/10/2016Evercore ISIDowngradeBuy -> Hold$25.00N/AView Rating Details
7/17/2015Evercore Partners Inc.Reiterated RatingBuy -> HoldN/AView Rating Details
(Data available from 5/27/2015 forward)


Earnings History for Tegna (NYSE:TGNA)
Earnings by Quarter for Tegna (NYSE:TGNA)
Earnings History by Quarter for Tegna (NYSE:TGNA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/9/2017Q1 2017$0.33$0.33$799.54 million$778.50 millionViewListenView Earnings Details
2/27/2017Q416$0.66$0.74$887.46 million$887.42 millionViewListenView Earnings Details
11/2/2016Q316$0.58$0.65$871.27 million$860.27 millionViewListenView Earnings Details
7/26/2016Q216$0.47$0.50$814.56 million$811.79 millionViewListenView Earnings Details
4/27/2016Q116$0.41$0.45$780.05 million$781.73 millionViewListenView Earnings Details
2/16/2016Q415$0.46$0.53$811.01 million$805.30 millionViewListenView Earnings Details
10/20/2015Q315$0.36$0.37$818.26 million$807.10 millionViewListenView Earnings Details
7/21/2015Q215$0.41$0.65$829.93 million$1.52 billionViewListenView Earnings Details
4/21/2015Q115$0.45$0.49$1.53 billion$1.47 billionViewListenView Earnings Details
2/3/2015Q414$1.00$1.02$1.72 billion$1.70 billionViewListenView Earnings Details
10/20/2014Q3$0.55$0.59$1.44 billion$1.44 billionViewListenView Earnings Details
7/22/2014Q2$0.64$0.67$1.48 billion$1.46 billionViewListenView Earnings Details
4/23/2014Q114$0.46$0.47$1.42 billion$1.40 billionViewListenView Earnings Details
2/4/2014Q413$0.65$0.66$1.37 billion$1.37 billionViewListenView Earnings Details
10/21/2013Q313$0.45$0.43$1.27 billion$1.25 billionViewListenView Earnings Details
7/22/2013Q2 2013$0.59$0.58$1.33 billion$1.30 billionViewListenView Earnings Details
4/23/2013Q1 2013$0.35$0.37$1.24 billion$1.24 billionViewListenView Earnings Details
2/4/2013Q4 2012$0.88$0.89$1.49 billion$1.52 billionViewListenView Earnings Details
10/15/2012$0.53$0.56ViewN/AView Earnings Details
7/16/2012$0.53$0.56ViewN/AView Earnings Details
4/16/2012$0.32$0.34ViewN/AView Earnings Details
1/30/2012$0.69$0.72ViewN/AView Earnings Details
10/17/2011$0.45$0.44ViewN/AView Earnings Details
7/18/2011$0.57$0.58ViewN/AView Earnings Details
4/18/2011$0.41$0.41ViewN/AView Earnings Details
1/31/2011$0.80$0.83ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Tegna (NYSE:TGNA)
Current Year EPS Consensus Estimate: $1.69 EPS
Next Year EPS Consensus Estimate: $2.25 EPS


Current Dividend Information for Tegna (NYSE:TGNA)
Most Recent Dividend:4/3/2017
Annual Dividend:$0.56
Dividend Yield:2.33%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:26.67% (Trailing 12 Months of Earnings)
33.14% (Based on This Year's Estimates)
24.89% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Tegna (NYSE:TGNA)

Dividend History by Quarter for Tegna (NYSE:TGNA)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Tegna (NYSE:TGNA)
Insider Ownership Percentage: 0.68%
Institutional Ownership Percentage: 85.01%
Insider Trades by Quarter for Tegna (NYSE:TGNA)
Institutional Ownership by Quarter for Tegna (NYSE:TGNA)
Insider Trades by Quarter for Tegna (NYSE:TGNA)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/7/2017William A BehanSVPSell24,644$25.87$637,540.28View SEC Filing  
3/1/2017Howard D EliasDirectorSell4,883$26.18$127,836.94View SEC Filing  
2/28/2017John A WilliamsInsiderSell3,340$25.83$86,272.20View SEC Filing  
2/28/2017Todd A MaymanEVPSell11,554$25.69$296,822.26View SEC Filing  
12/20/2016Gracia C MartoreInsiderSell140,179$22.28$3,123,188.12View SEC Filing  
5/13/2015Gracia C MartoreCEOSell123,560$34.90$4,312,244.00View SEC Filing  
5/7/2015Robert J DickeyInsiderSell47,386$34.52$1,635,764.72View SEC Filing  
2/9/2015William A BehanVPSell16,141$33.39$538,947.99View SEC Filing  
2/6/2015David A PayneVPSell30,711$33.55$1,030,354.05View SEC Filing  
2/5/2015André AudetDirectorBuy23,000$0.04$920.00
2/5/2015André AudetDirectorBuy23,000$0.04$920.00
2/5/2015André AudetDirectorBuy23,000$0.04$920.00
2/5/2015André AudetDirectorBuy23,000$0.04$920.00
2/5/2015Todd A MaymanVPSell26,574$33.00$876,942.00View SEC Filing  
1/28/2015André AudetDirectorBuy50,000$0.04$2,000.00
1/22/2015Andr� AudetDirectorBuy10,000$0.05$450.00
1/8/2015David A PayneVPSell12,000$30.35$364,200.00View SEC Filing  
12/11/2014David A PayneVPSell14,217$31.82$452,384.94View SEC Filing  
12/11/2014John A WilliamsInsiderSell15,690$31.82$499,255.80View SEC Filing  
12/11/2014Maryam BanikarimCMOSell13,652$31.81$434,270.12View SEC Filing  
8/6/2014Teresa S GendronVPSell11,250$34.34$386,325.00View SEC Filing  
7/1/2014Lidia FonsecaDirectorBuy1,000$31.38$31,380.00View SEC Filing  
3/24/2014John WilliamsInsiderSell125,500$28.28$3,549,140.00View SEC Filing  
3/10/2014David LougeeInsiderSell37,250$29.37$1,094,032.50View SEC Filing  
3/10/2014William BehanVPSell20,906$29.19$610,246.14View SEC Filing  
2/28/2014Robert DickeyInsiderSell80,000$29.46$2,356,800.00View SEC Filing  
2/6/2014Tony ProphetDirectorBuy2,000$27.37$54,740.00View SEC Filing  
1/2/2014David PayneVPSell23,000$29.45$677,350.00View SEC Filing  
12/24/2013David LougeeInsiderSell129,204$28.67$3,704,278.68View SEC Filing  
12/24/2013Maryam BanikarimCMOSell12,500$28.58$357,250.00View SEC Filing  
12/24/2013Todd MaymanVPSell68,750$28.59$1,965,562.50View SEC Filing  
10/30/2013Paul DavidsonInsiderSell30,500$27.99$853,695.00View SEC Filing  
3/11/2013Robert J DickeyInsiderSell30,000$21.31$639,300.00View SEC Filing  
2/25/2013Paul DavidsonInsiderSell16,250$19.84$322,400.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Tegna (NYSE:TGNA)
Latest Headlines for Tegna (NYSE:TGNA)
marketbeat.com logoWomen CEOs earned more last year, but few were in top job
marketbeat.com - May 24 at 11:42 AM
reuters.com logoApollo Global in advanced talks to buy jobs website CareerBuilder: sources
www.reuters.com - May 24 at 8:53 AM
finance.yahoo.com logoTEGNA Presents Strategy for Growth and Innovation, Financial Outlook Post-Cars.com Spin-off at Investor Meeting
finance.yahoo.com - May 17 at 8:07 PM
streetinsider.com logoTegna (TGNA) calls active into company hosted investor meeting
www.streetinsider.com - May 16 at 8:11 PM
finance.yahoo.com logoThe Biggest Loser: Tegna Slumps 6.4%
finance.yahoo.com - May 16 at 8:11 PM
finance.yahoo.com logoTEGNA, Inc. :TGNA-US: Earnings Analysis: Q1, 2017 By the Numbers : May 16, 2017
finance.yahoo.com - May 16 at 11:58 AM
americanbankingnews.com logoTegna Inc (TGNA) Downgraded to "Market Perform" at FBR & Co
www.americanbankingnews.com - May 14 at 5:14 PM
nasdaq.com logoTEGNA (TGNA) Shares Cross Below 200 DMA - Nasdaq
www.nasdaq.com - May 12 at 8:42 PM
finance.yahoo.com logoEdited Transcript of TGNA earnings conference call or presentation 9-May-17 3:00pm GMT
finance.yahoo.com - May 10 at 10:23 AM
seekingalpha.com logoTEGNA (TGNA) Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 9 at 7:41 PM
nasdaq.com logoTEGNA (TGNA) Q1 Earnings in Line, Revenues Lag
www.nasdaq.com - May 9 at 7:41 PM
finance.yahoo.com logoTEGNA (TGNA) Q1 Earnings in Line, Revenues Miss Estimates
finance.yahoo.com - May 9 at 7:41 PM
americanbankingnews.com logoTegna Inc (TGNA) Issues Quarterly Earnings Results
www.americanbankingnews.com - May 9 at 2:46 PM
finance.yahoo.com logoTEGNA Inc. Reports First Quarter 2017 Results
finance.yahoo.com - May 9 at 10:07 AM
finance.yahoo.com logoTegna meets 1Q profit forecasts
finance.yahoo.com - May 9 at 10:07 AM
americanbankingnews.com logoTegna Inc (TGNA) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - May 8 at 11:46 AM
finance.yahoo.com logoTEGNA (TGNA) to Report Q1 Earnings: What's in the Cards?
finance.yahoo.com - May 5 at 11:32 PM
americanbankingnews.com logoTegna's (TGNA) "Outperform" Rating Reiterated at FBR & Co
www.americanbankingnews.com - May 5 at 4:24 PM
finance.yahoo.com logoFormer Denver TV exec, CU grad to lead one of largest U.S. media companies
finance.yahoo.com - May 5 at 12:07 AM
finance.yahoo.com logoTEGNA Shareholders Overwhelmingly Approve Re-election of Board Members, Say on Pay at Annual Meeting
finance.yahoo.com - May 5 at 12:07 AM
finance.yahoo.com logoTEGNA, Cars.com to Hold Investor Meetings Focused on Upcoming Spin-off
finance.yahoo.com - May 5 at 12:07 AM
finance.yahoo.com logoTegna, Cars.com confirm split; Gracia Martore announces retirement
finance.yahoo.com - May 4 at 10:26 AM
finance.yahoo.com logoTEGNA Board of Directors Approves Spin-Off of Cars.com
finance.yahoo.com - May 3 at 11:27 PM
finance.yahoo.com logoTEGNA Taps Veteran Television Producer Maureen FitzPatrick to Lead “Daily Blast LIVE” Ahead of Fall 2017 Launch
finance.yahoo.com - May 3 at 6:25 PM
finance.yahoo.com logoMedia giant to produce nationwide live TV show in Denver
finance.yahoo.com - May 3 at 6:25 PM
americanbankingnews.com logoTegna Inc (TGNA) Expected to Post Quarterly Sales of $800.11 Million
www.americanbankingnews.com - May 3 at 4:54 PM
americanbankingnews.com logoTegna (TGNA) Receives Coverage Optimism Score of -0.04
www.americanbankingnews.com - May 2 at 7:04 PM
americanbankingnews.com logo Brokerages Expect Tegna Inc (TGNA) to Announce $0.33 Earnings Per Share
www.americanbankingnews.com - May 1 at 1:22 PM
finance.yahoo.com logoTEGNA, Inc. breached its 50 day moving average in a Bearish Manner : TGNA-US : May 1, 2017
finance.yahoo.com - May 1 at 10:59 AM
americanbankingnews.com logoTegna Inc (TGNA) Short Interest Update
www.americanbankingnews.com - April 30 at 10:32 AM
americanbankingnews.com logoTegna (TGNA) Receives Daily Coverage Optimism Rating of 0.09
www.americanbankingnews.com - April 29 at 7:22 PM
finance.yahoo.com logoTim McNiff returns to KARE 11 Sunrise to co-anchor with Kim Insley
finance.yahoo.com - April 28 at 10:44 PM
finance.yahoo.com logo74 Percent of Employers Say They Plan to Hire Recent College Graduates This Year, According to Annual CareerBuilder Survey
finance.yahoo.com - April 27 at 8:19 AM
americanbankingnews.com logoTegna (TGNA) Earns Coverage Optimism Rating of 0.52
www.americanbankingnews.com - April 26 at 3:38 PM
finance.yahoo.com logoTEGNA Wins 82 Regional Edward R. Murrow Awards
finance.yahoo.com - April 25 at 7:11 PM
finance.yahoo.com logoTEGNA, Arby’s Foundation and Points of Light Honor Top Make A Difference Day Volunteers During National Volunteer Week
finance.yahoo.com - April 24 at 6:34 PM
americanbankingnews.com logoTegna (TGNA) Earns Coverage Optimism Rating of 0.04
www.americanbankingnews.com - April 23 at 5:51 PM
finance.yahoo.com logoTEGNA, Inc. – Value Analysis (NYSE:TGNA) : April 19, 2017
finance.yahoo.com - April 20 at 1:15 AM
americanbankingnews.com logoTegna (TGNA) Earns Daily Media Impact Score of 0.19
www.americanbankingnews.com - April 19 at 9:45 AM
finance.yahoo.com logoTEGNA, Inc. breached its 50 day moving average in a Bullish Manner : TGNA-US : April 18, 2017
finance.yahoo.com - April 18 at 8:50 AM
americanbankingnews.com logoTegna (TGNA) Earning Somewhat Negative News Coverage, Report Finds
www.americanbankingnews.com - April 15 at 12:08 PM
finance.yahoo.com logoTEGNA and WXIA Honored with NAB’s President’s Special Award for “Charlie Foxtrot”
finance.yahoo.com - April 13 at 8:02 PM
finance.yahoo.com logoTEGNA Names Jeff Newman Chief Human Resources Officer
finance.yahoo.com - April 12 at 12:36 PM
americanbankingnews.com logoTegna Inc (TGNA) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - April 11 at 10:05 AM
finance.yahoo.com logoTEGNA Names Anne Bentley Chief Communications Officer
finance.yahoo.com - April 10 at 7:41 PM
finance.yahoo.com logoKARE 11 Investigative Team Awarded the prestigious George Polk Award
finance.yahoo.com - April 10 at 7:41 PM
americanbankingnews.com logo$800.11 Million in Sales Expected for Tegna Inc (TGNA) This Quarter
www.americanbankingnews.com - April 9 at 7:48 AM
americanbankingnews.com logoZacks: Brokerages Expect Tegna Inc (TGNA) Will Post Earnings of $0.33 Per Share
www.americanbankingnews.com - April 7 at 10:24 PM
finance.yahoo.com logoGTCR in the lead to acquire jobs website CareerBuilder: sources
finance.yahoo.com - April 7 at 12:59 PM
finance.yahoo.com logoCORRECTING and REPLACING TEGNA to Webcast First Quarter 2017 Earnings Conference Call on Tuesday, May 9
finance.yahoo.com - April 7 at 12:59 PM



Tegna (TGNA) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff