NYSE:TGNA - TEGNA Stock Price, Price Target & More

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$10.80 -0.07 (-0.64 %)
(As of 07/23/2018 09:20 AM ET)
Previous Close$10.87
Today's Range$10.66 - $10.91
52-Week Range$10.00 - $15.60
Volume1.78 million shs
Average Volume2.26 million shs
Market Capitalization$2.33 billion
P/E Ratio10.00
Dividend Yield2.59%
Beta1.66
TEGNA logoTEGNA 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.

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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$1.7280 per share
Price / Cash6.25
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$2,329.34

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 declared a quarterly dividend on Thursday, April 26th. Stockholders of record on Friday, June 8th will be given 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 of this dividend is Thursday, June 7th. View TEGNA's Dividend History.

How will TEGNA's stock buyback program work?

TEGNA announced that its Board of Directors has initiated a stock repurchase 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 buy up to 11.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

How were TEGNA's earnings last quarter?

TEGNA Inc. (NYSE:TGNA) issued its earnings results on Tuesday, May, 8th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The company earned $502.10 million during the quarter, compared to analysts' expectations of $497.35 million. TEGNA had a return on equity of 27.89% and a net margin of 23.56%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 earnings per share. View TEGNA's Earnings History.

When is TEGNA's next earnings date?

TEGNA is scheduled to release their next quarterly earnings announcement on Tuesday, August, 7th 2018. View Earnings Estimates for TEGNA.

What price target have analysts set for TGNA?

11 brokers have issued 12 month price objectives for TEGNA's shares. Their predictions range from $11.00 to $19.00. On average, they expect TEGNA's share price to reach $15.0909 in the next year. 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 in 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 trading volume of 4,465,368 shares, the days-to-cover ratio is currently 3.2 days. Approximately 6.6% of the company's shares are short sold. View TEGNA's Current Options Chain.

Who are some of TEGNA's key competitors?

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 stories about TGNA stock have been trending somewhat positive on Monday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. TEGNA earned a news impact score of 0.22 on Accern's scale. They also assigned news coverage about the company an impact score of 46.22 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Who are TEGNA's major shareholders?

TEGNA's stock is owned by many different 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 $2.33 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)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  299 (Vote Outperform)
Underperform Votes:  378 (Vote Underperform)
Total Votes:  677
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.
This page was last updated on 7/23/2018 by MarketBeat.com Staff

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