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
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 Ratio10.00
Forward P/E Ratio6.28
P/E Growth0.44
Sales & Book Value
Annual Sales$1.90 billion
Price / Sales1.22
Cash Flow$1.7170 per share
Price / Cash6.29
Book Value$4.62 per share
Price / Book2.34
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$2,344.44
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. Shareholders of record on Friday, June 8th will be paid a dividend of $0.07 per share on Monday, July 2nd. This represents a $0.28 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Thursday, June 7th. View TEGNA's Dividend History.
How will TEGNA's stock buyback program work?
TEGNA announced that its board has initiated a stock repurchase plan on Wednesday, September 20th 2017, which permits the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 11.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management believes its stock is undervalued.
How were TEGNA's earnings last quarter?
TEGNA Inc. (NYSE:TGNA) announced its earnings results on Tuesday, May, 8th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.30 by $0.03. The company earned $502.10 million during the quarter, compared to analyst estimates of $497.35 million. TEGNA had a net margin of 23.56% and a return on equity of 27.89%. The business's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. View TEGNA's Earnings History.
When is TEGNA's next earnings date?
What price target have analysts set for TGNA?
11 brokerages have issued 1-year price targets for TEGNA's shares. Their forecasts range from $11.00 to $19.00. On average, they expect TEGNA's stock price to reach $15.0909 in the next twelve months. This suggests a possible upside of 39.7% 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 during 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 days-to-cover ratio is presently 3.2 days. Currently, 6.6% of the company's shares are short sold. View TEGNA's Current Options Chain.
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), Liberty Media Formula One Series B (FWONB), PROSIEBENSAT 1/ADR (PBSFY), Nexstar Media Group (NXST), Tribune Company Common Stock (TRCO), Sinclair Broadcast Group (SBGI), Television Francaise 1 (TVFCF), Gray Television (GTN), Gray Television, Inc. Class A (GTN.A), E. W. Scripps (SSP), Central European Media Enterprises (CETV), Entravision Communication (EVC), Phoenix New Media (FENG) and Liberty Braves Group Series A (BATRA).
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?
News articles about TGNA stock have been trending positive recently, Accern reports. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. TEGNA earned a news sentiment score of 0.36 on Accern's scale. They also assigned media coverage about the company an impact score of 45.61 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are TEGNA's major shareholders?
TEGNA's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Foundry Partners LLC (0.32%), Palo Capital Inc. (0.11%), Personal Resources Investment & Strategic Management Inc. (0.11%), Bank of Montreal Can (0.06%), Municipal Employees Retirement System of Michigan (0.02%) and Nisa Investment Advisors LLC (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., Nisa Investment Advisors LLC, Municipal Employees Retirement System of Michigan, Amalgamated Bank and Reliance Trust Co. of Delaware. 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 Foundry Partners LLC, Bank of Montreal Can, Personal Resources Investment & Strategic Management Inc., Oakbrook Investments LLC, Xact Kapitalforvaltning AB and Fox Run Management L.L.C.. 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 $10.80.
How big of a company is TEGNA?
TEGNA has a market capitalization of $2.34 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)
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.
