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NYSE:TGNATEGNA Stock Price, Forecast & News

$12.30
+0.01 (+0.08 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$12.14
Now: $12.30
$12.56
50-Day Range
$10.28
MA: $11.37
$12.37
52-Week Range
$9.61
Now: $12.30
$18.31
Volume756,622 shs
Average Volume2.81 million shs
Market Capitalization$2.69 billion
P/E Ratio9.04
Dividend Yield2.28%
Beta1.37
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.34 out of 5 stars


Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryN/A
CUSIPN/A
Phone703-873-6600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.30 billion
Cash Flow$1.96 per share
Book Value$7.33 per share

Profitability

Net Income$286.23 million

Miscellaneous

Employees6,883
Market Cap$2.69 billion
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$12.30
+0.01 (+0.08 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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TEGNA (NYSE:TGNA) Frequently Asked Questions

How has TEGNA's stock price been impacted by Coronavirus?

TEGNA's stock was trading at $16.02 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TGNA stock has decreased by 23.2% and is now trading at $12.30.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of TEGNA?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for TEGNA
.

When is TEGNA's next earnings date?

TEGNA is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for TEGNA
.

How were TEGNA's earnings last quarter?

TEGNA Inc. (NYSE:TGNA) posted its quarterly earnings results on Monday, August, 10th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.13 by $0.01. The firm earned $577.60 million during the quarter, compared to analysts' expectations of $571.21 million. TEGNA had a net margin of 12.10% and a return on equity of 21.17%. The firm's revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share.
View TEGNA's earnings history
.

How often does TEGNA pay dividends? What is the dividend yield for TEGNA?

TEGNA announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Friday, September 4th will be given a dividend of $0.07 per share on Thursday, October 1st. This represents a $0.28 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Thursday, September 3rd.
View TEGNA's dividend history
.

What price target have analysts set for TGNA?

8 brokerages have issued 1 year target prices for TEGNA's shares. Their forecasts range from $12.00 to $21.00. On average, they expect TEGNA's stock price to reach $15.43 in the next year. This suggests a possible upside of 25.4% from the stock's current price.
View analysts' price targets for TEGNA
.

Has TEGNA been receiving favorable news coverage?

News coverage about TGNA stock has been trending somewhat negative on Saturday, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. TEGNA earned a media sentiment score of -1.5 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an impact on the stock's share price in the near term.
View the latest news about TEGNA
.

Are investors shorting TEGNA?

TEGNA saw a decline in short interest during the month of May. As of May 29th, there was short interest totaling 8,050,000 shares, a decline of 19.8% from the May 14th total of 10,040,000 shares. Based on an average trading volume of 3,550,000 shares, the short-interest ratio is presently 2.3 days.
View TEGNA's Short Interest
.

Who are some of TEGNA's key competitors?

What other stocks do shareholders of TEGNA own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TEGNA investors own include Gannett (GCI), Metlife (MET), Netflix (NFLX), AT&T (T), Alphabet (GOOG), Walt Disney (DIS), Brighthouse Financial (BHF), QUALCOMM (QCOM), Gray Television (GTN) and Procter & Gamble (PG).

Who are TEGNA's key executives?

TEGNA's management team includes the following 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)

What is TEGNA's stock symbol?

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

Who are TEGNA's major shareholders?

TEGNA's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.10%), LSV Asset Management (3.82%), Macquarie Group Ltd. (1.84%), FMR LLC (1.83%), Bank of New York Mellon Corp (1.80%) and Goldman Sachs Group Inc. (1.00%).
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 Goldman Sachs Group Inc., State of Michigan Retirement System, TIG Advisors LLC, Vanguard Group Inc., FMR LLC, Grantham Mayo Van Otterloo & Co. LLC, Alberta Investment Management Corp, and Personal Resources Investment & Strategic Management Inc..
View insider buying and selling activity for TEGNA
.

Which major investors are buying TEGNA stock?

TGNA stock was acquired by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., LSV Asset Management, Victory Capital Management Inc., Cove Street Capital LLC, State of Wisconsin Investment Board, Marshall Wace North America L.P., Bank of America Corp DE, and Marshall Wace LLP.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is TEGNA's stock price today?

One share of TGNA stock can currently be purchased for approximately $12.30.

How big of a company is TEGNA?

TEGNA has a market capitalization of $2.69 billion and generates $2.30 billion in revenue each year. The company earns $286.23 million in net income (profit) each year or $1.38 on an earnings per share basis. TEGNA employs 6,883 workers across the globe.

What is TEGNA's official website?

The official website for TEGNA is www.tegna.com.

How can I contact TEGNA?

TEGNA's mailing address is 8350 BROAD STREET SUITE 2000, TYSONS VA, 22102. The company can be reached via phone at 703-873-6600 or via email at [email protected]

This page was last updated on 8/15/2020 by MarketBeat.com Staff

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