TEGNA Company Profile (NYSE:TGNA)

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

TEGNA declared a quarterly dividend on Tuesday, May 30th. Shareholders of record on Friday, June 9th will be given a dividend of $0.07 per share on Monday, July 3rd. This represents a $0.28 annualized dividend and a yield of 1.86%. The ex-dividend date is Wednesday, June 7th. View TEGNA's Dividend History.

TEGNA Inc. (NYSE:TGNA) announced its quarterly earnings results on Tuesday, May, 9th. The company reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. The business had revenue of $778.50 million for the quarter, compared to the consensus estimate of $799.54 million. TEGNA had a net margin of 12.25% and a return on equity of 19.16%. The company's quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. View TEGNA's Earnings History.

TEGNA is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for TEGNA.

10 brokers have issued twelve-month target prices for TEGNA's stock. Their forecasts range from $13.00 to $36.00. On average, they anticipate TEGNA's share price to reach $23.31 in the next year. View Analyst Ratings for TEGNA.

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

• 1. Benchmark Co. analysts commented, "We understand that new CEO David Lougee threw cold water on the idea of selling the Company at their analyst day in May, but pressure from shareholders and possible interest from Gray (GTN:Buy) and/or Nexstar (NXST: Buy) could lead to all options being put on the table. With Sinclair locked up for the next 12 months, the only acquirer of size would appear to be Nexstar. However, given increasingly open rhetoric around needing to participate more aggressively in the M&A environment from Gray Television, we wouldn’t be surprised to see a reverse merger attempt via a predominantly stock transaction. The big question, and possibly the biggest stumbling block, centers on potential synergies, as we believe the retrans gap between TGNA and NXST has likely closed to ~10% given the abundance of market deals (we would assume that gap is even smaller for Gray). With that said, we note that only 1/3 of the final synergies in Nexstar’s Media General transaction came from retrans, with the balance coming from OpEx improvements. In Nexstar’s case, while we believe there would be sufficient synergies, we would expect management to carefully weigh an acquisition of that magnitude vs. repurchasing their own stock, much like they did in evaluating Tribune. We would also expect any potential acquires with station overlap to wait to see how the DOJ handles any potential divestitures in SBGI-TRCO before making a bid." (6/16/2017)
• 2. According to Zacks Investment Research, "Over the past three months, the stock price of TEGNA moved down 43.48% compared with the Zacks categorized Broadcast Radio/TV market’s gain of 0.34%. Moreover, the U.S. broadcast TV industry has long been grappling with declining advertising revenues and global economic volatility.  In addition, the broadcast TV industry is categorized as an intensely competitive one. On the other hand, on Jun 1, 2017, TEGNA completed the spin-off  of its auto-sales website Cars.com into two publicly traded companies: TEGNA and Cars.com. TEGNA also continues to evaluate strategic alternatives for its job-hunting unit, CareerBuilder. The decision is likely to generate more value for investors than the current stock price of the company. Both broadcast TV and digital platforms are rapidly evaluating. Management has decided to emphasize on core broadcast TV business." (6/5/2017)
• 3. 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)
• 4. 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)

TEGNA saw a increase in short interest in the month of June. As of June 30th, there was short interest totalling 21,186,494 shares, an increase of 21.9% from the June 15th total of 17,382,186 shares. Based on an average trading volume of 3,911,660 shares, the days-to-cover ratio is currently 5.4 days. Currently, 9.9% of the shares of the stock are sold short.

Some companies that are related to TEGNA include H&R Block (HRB), Ralph Lauren Corporation (RL), Polaris Industries (PII), Sjm Holdings (SJMHF), Michael Kors Holdings Limited (KORS), Dolby Laboratories (DLB), Brunswick Corporation (BC), News Corporation (NWSA), HUGO BOSS (BOSSY), Six Flags Entertainment Corporation New (SIX), Bright Horizons Family Solutions (BFAM), Skechers U.S.A. (SKX), Cinemark Holdings (CNK), Liberty Global PLC (LILAK), Mediaset SpA (MDIUY), Liberty Global PLC (LILA), Pool Corporation (POOL) and Carter's (CRI).

TEGNA's management team includes the folowing people:

• Marjorie Magner, Chairman of the Board
• David T. Lougee, President, Chief Executive Officer, Director
• Victoria D. Harker, Chief Financial Officer, Executive Vice President
• Jeffery Newman, Chief Human Resource Officer, Senior Vice President
• Todd A. Mayman, Executive Vice President, Chief Legal and Administrative Officer
• Lynn Beall, Executive Vice President, Chief Operating Officer, Media Operations
• W. Edmond Busby, Senior Vice President - Strategy
• Anne Bentley, Vice President, Chief Communications Officer
• Jennifer Dulski, Director
• Howard D. Elias, Independent Director

TEGNA's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (0.81%), APG Asset Management N.V. (0.59%), Douglas Lane & Associates LLC (0.20%), Bank of Montreal Can (0.10%), White Pine Investment CO (0.07%) and PGGM Investments (0.06%). 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.

TEGNA's stock was sold by a variety of institutional investors in the last quarter, including Douglas Lane & Associates LLC, US Bancorp DE, Capstone Asset Management Co., White Pine Investment CO, OLD National Bancorp IN, PGGM Investments, Oakbrook Investments LLC and Nisa Investment Advisors LLC. 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.

TEGNA's stock was bought by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., APG Asset Management N.V., NN Investment Partners Holdings N.V., Meeder Asset Management Inc., James Investment Research Inc., Louisiana State Employees Retirement System, North Star Investment Management Corp. and Aperio Group LLC. View Insider Buying and Selling for TEGNA.

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.

One share of TEGNA stock can currently be purchased for approximately $15.06.