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 paid a dividend of $0.07 per share on Monday, July 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend 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, meeting the Zacks' consensus estimate of $0.33. The firm had revenue of $778.50 million for the quarter, compared to the consensus estimate of $799.54 million. Tegna had a net margin of 8.21% and a return on equity of 10.15%. The firm's quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. View Tegna's Earnings History.

Tegna is scheduled to release their next quarterly earnings announcement on Monday, July, 24th 2017. View Earnings Estimates for Tegna.

9 brokerages have issued twelve-month price targets for Tegna's shares. Their predictions 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 May. As of May 31st, there was short interest totalling 15,913,462 shares, an increase of 92.1% from the May 15th total of 8,282,876 shares. Based on an average daily volume of 5,122,439 shares, the days-to-cover ratio is presently 3.1 days. Currently, 7.4% of the company's stock are sold short.

Some companies that are related to Tegna include Adient PLC (ADNT), Taylor Wimpey plc (TW), Barratt Developments Plc (BDEV), Pearson plc (PSON), GKN plc (GKN), Brunswick (BC), NEXT plc (NXT), Marks and Spencer Group Plc (MKS), Merlin Entertainments PLC (MERL), ASOS plc (ASC), Berkeley Group Holdings PLC (BKG), JD Sports Fashion PLC (JD), Bellway plc (BWY), Travis Perkins plc (TPK), B&M European Value Retail SA (BME), Dixons Carphone PLC (DC), Inchcape plc (INCH) and Dana (DAN).

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 many different of retail and institutional investors. Top institutional shareholders 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.

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.

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.

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 $14.67.