NYSE:TGNA - TEGNA Stock Price, News, & Analysis

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$11.85 -0.22 (-1.82 %)
(As of 09/21/2018 04:00 PM ET)
Previous Close$11.85
Today's Range$11.82 - $12.16
52-Week Range$10.00 - $15.60
Volume3.65 million shs
Average Volume1.41 million shs
Market Capitalization$2.60 billion
P/E Ratio10.97
Dividend Yield2.32%
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 Ratio2.80
Current Ratio1.93
Quick Ratio1.93

Price-To-Earnings

Trailing P/E Ratio10.97
Forward P/E Ratio7.14
P/E Growth0.36

Sales & Book Value

Annual Sales$1.90 billion
Price / Sales1.34
Cash Flow$1.6953 per share
Price / Cash6.99
Book Value$4.62 per share
Price / Book2.56

Profitability

EPS (Most Recent Fiscal Year)$1.08
Net Income$273.74 million
Net Margins25.33%
Return on Equity27.72%
Return on Assets5.21%

Miscellaneous

Employees5,283
Outstanding Shares215,270,000
Market Cap$2.60 billion

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, July 26th. Stockholders of record on Friday, September 7th will be given a dividend of $0.07 per share on Monday, October 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Thursday, September 6th. View TEGNA's Dividend History.

How will TEGNA's stock buyback program work?

TEGNA declared that its Board of Directors has approved a share repurchase plan on Wednesday, September 20th 2017, which authorizes the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 11.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

How were TEGNA's earnings last quarter?

TEGNA Inc. (NYSE:TGNA) released its quarterly earnings data on Tuesday, August, 7th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.35 by $0.01. The firm earned $524.08 million during the quarter, compared to analysts' expectations of $516.52 million. TEGNA had a net margin of 25.33% and a return on equity of 27.72%. View TEGNA's Earnings History.

When is TEGNA's next earnings date?

TEGNA is scheduled to release their next quarterly earnings announcement on Thursday, November, 8th 2018. View Earnings Estimates for TEGNA.

What price target have analysts set for TGNA?

12 brokers have issued 1 year price targets for TEGNA's stock. Their forecasts range from $11.00 to $19.00. On average, they anticipate TEGNA's share price to reach $14.6154 in the next twelve months. This suggests a possible upside of 23.3% from the stock's current price. View Analyst Price Targets for TEGNA.

What is the consensus analysts' recommendation for TEGNA?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 1 sell rating, 5 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 shares have underperformed the industry on a year-to-date basis. The company operates in a competitive broadcast TV industry, which has long been grappling with declining advertising revenues, even in the current quarter. Cord-cutting is also a significant threat. However, higher paid-up subscribers, mainly OTT subscribers, and increased revenues from political ads are positives. Moreover, acquisition of the broadcasting stations of Midwest Television expands TEGNA’s U.S. television household reach by more than one million." (9/4/2018)
  • 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)
  • 3. Benchmark Co. analysts commented, "We think forward guidance now looks conservative enough to potentially exceed, especially with political coming in as strong as we’ve seen across the industry, while our new 2019 forecast still only has 1% core growth embedded despite increasingly easy comparisons vs. large displacement. Total revenue of $524 million came in nearly $8 million ahead of the street as a modest miss in core was more than offset by almost $26 million in political and a nearly $4 million q/q increase in Subscription revenue. On AM&S, we note that we estimate underlying core was down ~6%, roughly in line with the peer group when taking into account incremental crowd-out, while the segment was also negatively impacted by further attrition in the remaining digital marketing services component." (8/8/2018)

Are investors shorting TEGNA?

TEGNA saw a drop in short interest in the month of August. As of August 15th, there was short interest totalling 9,496,925 shares, a drop of 23.6% from the July 31st total of 12,438,245 shares. Based on an average trading volume of 2,159,597 shares, the short-interest ratio is currently 4.4 days. Currently, 4.4% 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)

Who are TEGNA's major shareholders?

TEGNA's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.33%), Fairpointe Capital LLC (6.05%), Ariel Investments LLC (4.58%), Diamond Hill Capital Management Inc. (4.19%), Schroder Investment Management Group (3.00%) and LSV Asset Management (2.38%). 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 major investors are selling TEGNA stock?

TGNA stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Diamond Hill Capital Management Inc., Schroder Investment Management Group, BlueMountain Capital Management LLC, KBC Group NV, Pinnacle Associates Ltd., Newport Trust Co and Martingale Asset Management L P. 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 major investors are buying TEGNA stock?

TGNA stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Northern Trust Corp, Ariel Investments LLC, Private Management Group Inc., Fairpointe Capital LLC, First Trust Advisors LP, Schwab Charles Investment Management Inc. and Vaughan Nelson Investment Management L.P.. 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 $11.85.

How big of a company is TEGNA?

TEGNA has a market capitalization of $2.60 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?

The official website for TEGNA is http://www.tegna.com.

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:  318 (Vote Outperform)
Underperform Votes:  396 (Vote Underperform)
Total Votes:  714
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 9/22/2018 by MarketBeat.com Staff

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