NYSE:TGNA TEGNA - TGNA Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding TEGNA Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $19.71 +0.07 (+0.36%) (As of 01/30/2023 12:00 AM ET) Add Compare Share Share Today's Range$19.48▼$19.8350-Day Range$19.32▼$21.2752-Week Range$18.71▼$23.04Volume870,091 shsAverage Volume1.42 million shsMarket Capitalization$4.40 billionP/E Ratio8.14Dividend Yield1.93%Price Target$24.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media TEGNA MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside21.8% Upside$24.00 Price TargetShort InterestBearish3.12% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.44Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth-25.45%From $2.75 to $2.05 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.96 out of 5 starsConsumer Discretionary Sector183rd out of 274 stocksTelevision Broadcasting Stations Industry9th out of 13 stocks 2.2 Analyst's Opinion Consensus RatingTEGNA has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $24.00, TEGNA has a forecasted upside of 21.8% from its current price of $19.71.Amount of Analyst CoverageTEGNA has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.12% of the outstanding shares of TEGNA have been sold short.Short Interest Ratio / Days to CoverTEGNA has a short interest ratio ("days to cover") of 4.5.Change versus previous monthShort interest in TEGNA has recently increased by 2.65%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldTEGNA pays a meaningful dividend of 1.93%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTEGNA does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of TEGNA is 15.70%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, TEGNA will have a dividend payout ratio of 18.54% next year. This indicates that TEGNA will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TGNA. Previous Next 2.5 News and Social Media Coverage News SentimentTEGNA has a news sentiment score of 0.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 7 news articles for TEGNA this week, compared to 2 articles on an average week.Search Interest5 people have searched for TGNA on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added TEGNA to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TEGNA insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.96% of the stock of TEGNA is held by insiders.Percentage Held by Institutions87.40% of the stock of TEGNA is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for TEGNA are expected to decrease by -25.45% in the coming year, from $2.75 to $2.05 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TEGNA is 8.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.70.Price to Earnings Ratio vs. SectorThe P/E ratio of TEGNA is 8.14, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 12.52.Price to Book Value per Share RatioTEGNA has a P/B Ratio of 1.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About TEGNA (NYSE:TGNA) StockTEGNA 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.Read More Receive TGNA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TEGNA and its competitors with MarketBeat's FREE daily newsletter. Email Address TGNA Stock News HeadlinesJanuary 28, 2023 | americanbankingnews.comStockNews.com Upgrades TEGNA (NYSE:TGNA) to BuyJanuary 24, 2023 | msn.comStandard General’s Soo Kim Still Confident Of Tegna Deal ApprovalJanuary 30, 2023 | Investing Trends (Ad)"We need batteries. Literally everywhere."Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense." January 24, 2023 | msn.comStandard General's Soo Kim optimistic talks with regulators on Tegna closer to end than beginningJanuary 20, 2023 | americanbankingnews.comTEGNA (NYSE:TGNA) Stock Rating Lowered by StockNews.comJanuary 16, 2023 | msn.comStandard General sends letter to Elizabeth Warren on Tegna deal, requests meeting (update)December 9, 2022 | finance.yahoo.comTEGNA Inc. (TGNA) Up 3.4% Since Last Earnings Report: Can It Continue?November 28, 2022 | reuters.comTGNA.N - Tegna Inc | Stock Price & Latest News | ReutersJanuary 30, 2023 | Investing Trends (Ad)Profit From the Commercial Solar Boom?Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered. November 10, 2022 | finance.yahoo.comTEGNA (TGNA) Q3 Earnings Lag Estimates, Revenues Rise Y/YNovember 9, 2022 | finance.yahoo.comTEGNA Inc. (TGNA) Q3 Earnings and Revenues Miss EstimatesOctober 22, 2022 | nasdaq.comTEGNA Breaks Above 200-Day Moving Average - Bullish for TGNAOctober 18, 2022 | msn.comStandard General’s Soo Kim Brands Tegna Deal Criticism as Racist, SexistOctober 17, 2022 | finance.yahoo.comStandard General’s Soo Kim Responds to Ad Hominem Attacks in Federal Communications Commission’s TEGNA ProceedingOctober 8, 2022 | reuters.comEx-media exec Elisabeth Kimmel disbarred over role in 'Varsity Blues' scandal - ReutersOctober 7, 2022 | seekingalpha.comPelosi Pallone send letter to FCC on concerns about Tegna sale (NYSE:TGNA) - Seeking AlphaOctober 6, 2022 | reuters.comU.S. House Speaker raises 'serious concerns' about $5.4 bln Tegna deal - ReutersOctober 6, 2022 | bloomberg.comNancy Pelosi Urges FCC to Scrutinize $5.4 Billion Takeover of Broadcaster Tegna - BloombergOctober 6, 2022 | nasdaq.comU.S. House Speaker raises 'serious concerns' about $5.4 bln Tegna deal - NasdaqOctober 6, 2022 | businesswire.comStandard General Sets the Record Straight Regarding Its Pending Acquisition of TEGNA - Business WireOctober 6, 2022 | finance.yahoo.comStandard General Sets the Record Straight Regarding Its Pending Acquisition of TEGNAOctober 4, 2022 | nypost.comDallas sports reporter Bri Amaranthus celebrates husband's Aaron Judge ball - New York Post October 3, 2022 | seekingalpha.comTegna stock gains amid report FCC review said to be going `smoothly' (NYSE:TGNA) - Seeking AlphaSeptember 29, 2022 | reuters.comRegulator seeks more information related to Standard General's $5.4 bln Tegna deal - ReutersSeptember 24, 2022 | ft.com'Bloodbath': Citrix buyout debt sale casts shadow over pending deals - Financial TimesSeptember 21, 2022 | investors.comIBD Screen Of The Day: Media And Storage Stocks Hit New Highs - Investor's Business DailySeptember 21, 2022 | finance.yahoo.comIBD Screen Of The Day: Media And Storage Stocks Hit New HighsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive TGNA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TEGNA and its competitors with MarketBeat's FREE daily newsletter. Email Address TGNA Company Calendar Last Earnings11/09/2022Ex-Dividend for 1/3 Dividend12/08/2022Dividend Payable1/03/2023Today1/30/2023Next Earnings (Estimated)2/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Television broadcasting stations Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNYSE:TGNA CUSIPN/A CIK39899 Webwww.tegna.com Phone703-873-6600Fax703-854-2053Employees6,200Year FoundedN/APrice Target and Rating Average Stock Price Forecast$24.00 High Stock Price Forecast$24.00 Low Stock Price Forecast$24.00 Forecasted Upside/Downside+21.8%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.42 Trailing P/E Ratio8.14 Forward P/E Ratio7.17 P/E GrowthN/ANet Income$476.95 million Net Margins17.26% Pretax Margin22.53% Return on Equity20.22% Return on Assets7.81% Debt Debt-to-Equity Ratio1.07 Current Ratio2.71 Quick Ratio2.71 Sales & Book Value Annual Sales$2.99 billion Price / Sales1.47 Cash Flow$2.78 per share Price / Cash Flow7.08 Book Value$11.39 per share Price / Book1.73Miscellaneous Outstanding Shares223,290,000Free Float221,149,000Market Cap$4.40 billion OptionableOptionable Beta0.66 Key ExecutivesMr. David T. Lougee (Age 59)Pres, CEO & Director Ms. Victoria Dux Harker (Age 53)Exec. VP & CFO Mr. Todd A. Mayman (Age 58)Exec. VP, Chief Legal & Admin. Officer Ms. Lynn Beall Trelstad (Age 57)EVP & COO of Media Operations Mr. Clifton A. McClelland III (Age 48)Sr. VP, Principal Accounting Officer & Controller Key CompetitorsGrupo Televisa, S.A.B.NYSE:TVNexstar Media GroupNASDAQ:NXSTSinclair Broadcast GroupNASDAQ:SBGIE.W. ScrippsNASDAQ:SSPGray TelevisionNYSE:GTNView All CompetitorsInsiders & InstitutionsKendall Capital ManagementSold 7,295 shares on 1/30/2023Ownership: 0.054%International Assets Investment Management LLCBought 24,000 shares on 1/30/2023Ownership: 0.011%New York State Teachers Retirement SystemSold 1,396 shares on 1/27/2023Ownership: 0.156%Natixis Advisors L.P.Sold 22,029 shares on 1/27/2023Ownership: 0.016%Comerica BankSold 1,525 shares on 1/26/2023Ownership: 0.053%View All Institutional Transactions TGNA Stock - Frequently Asked Questions Should I buy or sell TEGNA stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TGNA shares. 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 TGNA analyst ratings or view top-rated stocks. What is TEGNA's stock price forecast for 2023? 3 Wall Street analysts have issued 12-month price objectives for TEGNA's stock. Their TGNA share price forecasts range from $24.00 to $24.00. On average, they predict the company's share price to reach $24.00 in the next year. This suggests a possible upside of 21.8% from the stock's current price. View analysts price targets for TGNA or view top-rated stocks among Wall Street analysts. How have TGNA shares performed in 2023? TEGNA's stock was trading at $21.19 at the start of the year. Since then, TGNA shares have decreased by 7.0% and is now trading at $19.71. View the best growth stocks for 2023 here. Are investors shorting TEGNA? TEGNA saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 6,790,000 shares, an increase of 44.2% from the December 15th total of 4,710,000 shares. Based on an average trading volume of 1,460,000 shares, the days-to-cover ratio is presently 4.7 days. View TEGNA's Short Interest. When is TEGNA's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023. View our TGNA earnings forecast. How were TEGNA's earnings last quarter? TEGNA Inc. (NYSE:TGNA) posted its earnings results on Wednesday, November, 9th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by $0.07. The company earned $803.11 million during the quarter, compared to the consensus estimate of $842.80 million. TEGNA had a trailing twelve-month return on equity of 20.22% and a net margin of 17.26%. How often does TEGNA pay dividends? What is the dividend yield for TEGNA? TEGNA declared a quarterly dividend on Friday, October 28th. Investors of record on Friday, December 9th will be paid a dividend of $0.095 per share on Tuesday, January 3rd. This represents a $0.38 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, December 8th. Read our dividend analysis for TGNA. Is TEGNA a good dividend stock? TEGNA (NYSE:TGNA) pays an annual dividend of $0.38 per share and currently has a dividend yield of 1.93%. The dividend payout ratio is 15.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGNA will have a dividend payout ratio of 18.54% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TGNA. What is Dave Lougee's approval rating as TEGNA's CEO? 50 employees have rated TEGNA Chief Executive Officer Dave Lougee on Glassdoor.com. Dave Lougee has an approval rating of 80% among the company's employees. 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), Pfizer (PFE), Procter & Gamble (PG), Walmart (WMT), AbbVie (ABBV), Alphabet (GOOG), NVIDIA (NVDA), QUALCOMM (QCOM), AT&T (T) and Starbucks (SBUX). 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 institutional and retail investors. Top institutional shareholders include Calamos Advisors LLC (0.47%), Pinnacle Associates Ltd. (0.28%), Moody Aldrich Partners LLC (0.16%), New York State Teachers Retirement System (0.16%), Kendall Capital Management (0.05%) and Comerica Bank (0.05%). View institutional ownership trends. How do I buy shares of 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. Compare Top Brokerages Here. What is TEGNA's stock price today? One share of TGNA stock can currently be purchased for approximately $19.71. How much money does TEGNA make? TEGNA (NYSE:TGNA) has a market capitalization of $4.40 billion and generates $2.99 billion in revenue each year. The company earns $476.95 million in net income (profit) each year or $2.42 on an earnings per share basis. How many employees does TEGNA have? The company employs 6,200 workers across the globe. How can I contact TEGNA? TEGNA's mailing address is 8350 BROAD STREET SUITE 2000, TYSONS VA, 22102. The official website for the company 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. This page (NYSE:TGNA) was last updated on 1/30/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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