TEGNA - TGNA Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" TEGNA stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TGNA, but not buy additional shares or sell existing shares.
View analyst ratings for TEGNA or view top-rated stocks.

4 brokers have issued twelve-month target prices for TEGNA's stock. Their TGNA stock forecasts range from $23.00 to $24.00. On average, they anticipate TEGNA's share price to reach $23.50 in the next year. This suggests a possible upside of 10.8% from the stock's current price.
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TEGNA's stock was trading at $18.56 at the beginning of the year. Since then, TGNA stock has increased by 14.2% and is now trading at $21.20.
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TEGNA is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022.
View our earnings forecast for TEGNA.

TEGNA Inc. (NYSE:TGNA) released its quarterly earnings results on Monday, May, 9th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. The firm earned $774.30 million during the quarter, compared to analysts' expectations of $765.83 million. TEGNA had a net margin of 16.41% and a trailing twelve-month return on equity of 20.19%. The company's revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS.

TEGNA announced a quarterly dividend on Friday, July 29th. Stockholders of record on Friday, September 9th will be paid a dividend of $0.095 per share on Monday, October 3rd. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, September 8th.
View TEGNA's dividend history.

TEGNA(NYSE:TGNA) pays an annual dividend of $0.38 per share and currently has a dividend yield of 1.79%. TEGNA does not yet have a strong track record of dividend growth. The dividend payout ratio of TEGNA is 16.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TEGNA will have a dividend payout ratio of 16.52% next year. This indicates that TEGNA will be able to sustain or increase its dividend.
View TEGNA's dividend history.

50 employees have rated TEGNA CEO Dave Lougee on Glassdoor.com. Dave Lougee has an approval rating of 80% among TEGNA's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other TEGNA investors own include Gannett (GCI), Pfizer (PFE), Procter & Gamble (PG), Walmart (WMT), AbbVie (ABBV), Alphabet (GOOG), NVIDIA (NVDA), QUALCOMM (QCOM), AT&T (T) and Starbucks (SBUX).

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

TEGNA's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Segantii Capital Management Ltd (2.35%), Vaughan Nelson Investment Management L.P. (0.88%), Royce & Associates LP (0.79%), Pinnacle Associates Ltd. (0.57%), Leeward Investments LLC MA (0.29%) and Calamos Advisors LLC (0.23%).
View institutional ownership trends for TEGNA.

Shares of TGNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TGNA stock can currently be purchased for approximately $21.20.

TEGNA (NYSE:TGNA) has a market capitalization of $4.72 billion and generates $2.99 billion in revenue each year. The company earns $476.95 million in net income (profit) each year or $2.24 on an earnings per share basis.

TEGNA employs 6,200 workers across the globe.

TEGNA's mailing address is 8350 BROAD STREET SUITE 2000, TYSONS VA, 22102. The official website for TEGNA is www.tegna.com. The company can be reached via phone at 703-873-6600, via email at dkuckelman@tegna.com, or via fax at 703-854-2053.