NYSE:TGNA

TEGNA - TGNA Stock Forecast, Price & News

$15.90

-0.26 (-1.61%)

(As of 03/28/2023 12:00 AM ET)

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Today's Range: $15.77
▼
$16.14
50-Day Range: $15.32
▼
$21.84
52-Week Range: $15.09
▼
$22.74

Volume: 1.11 million shs
Average Volume: 2.27 million shs
Market Capitalization: $3.55 billion

P/E Ratio: 5.66
Dividend Yield: 2.39%
Price Target: $21.00

Institutional Ownership

TEGNA MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 25.8% Upside
$20.00 Price Target
Short Interest: Healthy
1.89% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.13
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 60.00%
From $1.75 to $2.80 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.05 out of 5 stars

Consumer Discretionary Sector

11th out of 264 stocks

Television Broadcasting Stations Industry

1st out of 14 stocks

3.3

Analyst's Opinion

Consensus Rating
TEGNA has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $20.00, TEGNA has a forecasted upside of 25.8% from its current price of $15.90.
Amount of Analyst Coverage
TEGNA has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.89% of the outstanding shares of TEGNA have been sold short.
Short Interest Ratio / Days to Cover
TEGNA has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in TEGNA has recently decreased by 15.94%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
TEGNA pays a meaningful dividend of 2.44%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
TEGNA does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of TEGNA is 13.52%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, TEGNA will have a dividend payout ratio of 13.57% next year. This indicates that TEGNA will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TGNA.

2.3

News and Social Media Coverage

News Sentiment
TEGNA has a news sentiment score of 0.13. 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 0.54 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for TEGNA this week, compared to 2 articles on an average week.
Search Interest
26 people have searched for TGNA on MarketBeat in the last 30 days. This is an increase of 225% compared to the previous 30 days.
MarketBeat Follows
Only 3 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.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TEGNA insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.96% of the stock of TEGNA is held by insiders.
Percentage Held by Institutions
87.40% of the stock of TEGNA is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for TEGNA are expected to grow by 60.00% in the coming year, from $1.75 to $2.80 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TEGNA is 5.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.86.
Price to Earnings Ratio vs. Sector
The P/E ratio of TEGNA is 5.66, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.58.
Price to Book Value per Share Ratio
TEGNA has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About TEGNA (NYSE:TGNA) Stock

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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TGNA Stock News Headlines

March 28, 2023 | marketbeat.com

Don't Be Fooled by These 3 Value Traps (TGNA)

Approximately one out of every ten U.S. listed stocks have a positive P/E ratio less than 10. Some are justifiably cheap; others are merely fool’s gold.

March 24, 2023 | finance.yahoo.com

Investing in TEGNA (NYSE:TGNA) five years ago would have delivered you a 52% gain

March 29, 2023 | Investing Daily (Ad)

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March 23, 2023 | msn.com

Standard General’s Soo Kim: FCC Hearing Designation Is Tegna Deal ‘Kill Shot’

March 4, 2023 | finance.yahoo.com

Should You Buy TEGNA Inc. (NYSE:TGNA) For Its Upcoming Dividend?

March 1, 2023 | finance.yahoo.com

TEGNA Full Year 2022 Earnings: EPS Beats Expectations

February 27, 2023 | finance.yahoo.com

TEGNA Inc. Reports Fourth Quarter and Full-Year 2022 Results

February 26, 2023 | finance.yahoo.com

TEGNA's (NYSE:TGNA) Dividend Will Be $0.095

March 29, 2023 | Weiss Ratings (Ad)

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The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 

February 2, 2023 | msn.com

Marshall Broadcasting Backs Tegna Deal

January 24, 2023 | msn.com

Standard General’s Soo Kim Still Confident Of Tegna Deal Approval

January 24, 2023 | msn.com

Standard General's Soo Kim optimistic talks with regulators on Tegna closer to end than beginning

January 16, 2023 | msn.com

Standard General sends letter to Elizabeth Warren on Tegna deal, requests meeting (update)

December 9, 2022 | finance.yahoo.com

TEGNA Inc. (TGNA) Up 3.4% Since Last Earnings Report: Can It Continue?

November 28, 2022 | reuters.com

TGNA.N - Tegna Inc | Stock Price & Latest News | Reuters

November 10, 2022 | finance.yahoo.com

TEGNA (TGNA) Q3 Earnings Lag Estimates, Revenues Rise Y/Y

November 9, 2022 | finance.yahoo.com

TEGNA Inc. (TGNA) Q3 Earnings and Revenues Miss Estimates

October 22, 2022 | nasdaq.com

TEGNA Breaks Above 200-Day Moving Average - Bullish for TGNA

October 18, 2022 | msn.com

Standard General’s Soo Kim Brands Tegna Deal Criticism as Racist, Sexist

October 17, 2022 | finance.yahoo.com

Standard General’s Soo Kim Responds to Ad Hominem Attacks in Federal Communications Commission’s TEGNA Proceeding

October 8, 2022 | reuters.com

Ex-media exec Elisabeth Kimmel disbarred over role in 'Varsity Blues' scandal - Reuters

October 7, 2022 | seekingalpha.com

Pelosi Pallone send letter to FCC on concerns about Tegna sale (NYSE:TGNA) - Seeking Alpha

October 6, 2022 | reuters.com

U.S. House Speaker raises 'serious concerns' about $5.4 bln Tegna deal - Reuters

October 6, 2022 | bloomberg.com

Nancy Pelosi Urges FCC to Scrutinize $5.4 Billion Takeover of Broadcaster Tegna - Bloomberg

October 6, 2022 | nasdaq.com

U.S. House Speaker raises 'serious concerns' about $5.4 bln Tegna deal - Nasdaq

October 6, 2022 | businesswire.com

Standard General Sets the Record Straight Regarding Its Pending Acquisition of TEGNA - Business Wire

October 6, 2022 | finance.yahoo.com

Standard General Sets the Record Straight Regarding Its Pending Acquisition of TEGNA

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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TGNA Company Calendar

Ex-Dividend for 1/3 Dividend: 12/08/2022
Dividend Payable: 1/03/2023
Last Earnings: 2/27/2023
Ex-Dividend for 4/3 Dividend: 3/09/2023
Today: 3/28/2023
Dividend Payable: 4/03/2023
Next Earnings (Estimated): 5/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Television broadcasting stations
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NYSE:TGNA
CUSIP: N/A
CIK: 39899
Web: www.tegna.com
Phone: 703-873-6600
Fax: 703-854-2053
Employees: 6,300
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $20.00
High Stock Price Forecast: $22.00
Low Stock Price Forecast: $18.00
Forecasted Upside/Downside: +32.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.81
Trailing P/E Ratio: 5.66
Forward P/E Ratio: 9.09
P/E Growth: N/A
Net Income: $630.47 million
Net Margins: 19.23%
Pretax Margin: 25.42%
Return on Equity: 22.51%
Return on Assets: 9.01%

Debt

Debt-to-Equity Ratio: 1.00
Current Ratio: 3.33
Quick Ratio: 3.33

Sales & Book Value

Annual Sales: $3.28 billion
Price / Sales: 1.08
Cash Flow: $3.49 per share
Price / Cash Flow: 4.56
Book Value: $13.76 per share
Price / Book: 1.16

Miscellaneous

Outstanding Shares: 223,552,000
Free Float: 221,406,000
Market Cap: $3.55 billion
Optionable: Optionable
Beta: 0.63

Key Executives

Mr. 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 Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

TGNA Stock - Frequently Asked Questions

Should I buy or sell TEGNA stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TGNA shares.
View TGNA analyst ratings or view top-rated stocks.
What is TEGNA's stock price forecast for 2023?: 4 equities research analysts have issued 1 year price targets for TEGNA's shares. Their TGNA share price forecasts range from $18.00 to $22.00. On average, they predict the company's share price to reach $20.00 in the next year. This suggests a possible upside of 26.5% 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 on January 1st, 2023. Since then, TGNA stock has decreased by 25.4% and is now trading at $15.81.
View the best growth stocks for 2023 here.
Are investors shorting TEGNA?: TEGNA saw a drop in short interest in March. As of March 15th, there was short interest totaling 4,220,000 shares, a drop of 15.9% from the February 28th total of 5,020,000 shares. Based on an average daily volume of 2,180,000 shares, the short-interest ratio is presently 1.9 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, May 8th 2023.
View our TGNA earnings forecast.
How were TEGNA's earnings last quarter?: TEGNA Inc. (NYSE:TGNA) issued its earnings results on Monday, February, 27th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.08. The business earned $917.30 million during the quarter, compared to the consensus estimate of $944.90 million. TEGNA had a net margin of 19.23% and a trailing twelve-month return on equity of 22.51%. The company's revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share.
How often does TEGNA pay dividends? What is the dividend yield for TEGNA?: TEGNA announced a quarterly dividend on Wednesday, February 22nd. Investors of record on Friday, March 10th will be given a dividend of $0.095 per share on Monday, April 3rd. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, March 9th.
Read our dividend analysis for TGNA.
What ETFs hold TEGNA's stock?: ETFs with the largest weight of TEGNA (NYSE:TGNA) stock in their portfolio include Formidable ETF (FORH), AltShares Event-Driven ET (EVNT), First Trust Merger Arbitrage ETF (MARB), Invesco Dynamic Media ETF (PBS), Global X Adaptive US Factor ETF (AUSF), AltShares Merger Arbitrage ETF (ARB), Invesco S&P MidCap Value with Momentum ETF (XMVM) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).

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 2.44%. The dividend payout ratio is 13.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGNA will have a dividend payout ratio of 13.57% 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 a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (3.08%), Segantii Capital Management Ltd (2.43%), LSV Asset Management (1.97%), Geode Capital Management LLC (1.97%), Alpine Associates Management Inc. (1.79%) and Water Island Capital LLC (1.48%).
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 $15.81.
How much money does TEGNA make?: TEGNA (NYSE:TGNA) has a market capitalization of $3.53 billion and generates $3.28 billion in revenue each year. The company earns $630.47 million in net income (profit) each year or $2.81 on an earnings per share basis.
How many employees does TEGNA have?: The company employs 6,300 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 3/29/2023 by MarketBeat.com Staff

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TEGNA - TGNA Stock Forecast, Price & News

TEGNA MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About TEGNA (NYSE:TGNA) Stock

TGNA Stock News Headlines

TGNA Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

TGNA Stock - Frequently Asked Questions

Overall MarketRank^™