NYSE:TGNA - TEGNA Stock Price, News, & Analysis

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$11.61 +0.15 (+1.31 %)
(As of 01/23/2019 10:32 AM ET)
Previous Close$11.46
Today's Range$11.51 - $11.73
52-Week Range$10.00 - $15.60
Volume9,271 shs
Average Volume1.47 million shs
Market Capitalization$2.50 billion
P/E Ratio10.82
Dividend Yield2.38%
Beta1.57
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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Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryN/A
SectorConsumer Discretionary
CUSIPN/A
Phone703-854-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.90 billion
Cash Flow$1.7023 per share
Book Value$4.62 per share

Profitability

Net Income$273.74 million

Miscellaneous

Employees5,283
Market Cap$2.50 billion
OptionableOptionable

TEGNA (NYSE:TGNA) Frequently Asked Questions

What is TEGNA's stock symbol?

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

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

TEGNA announced a quarterly dividend on Monday, October 29th. Stockholders of record on Friday, December 7th will be given a dividend of $0.07 per share on Wednesday, January 2nd. This represents a $0.28 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, December 6th. View TEGNA's Dividend History.

How will TEGNA's stock buyback program work?

TEGNA declared that its board has authorized a share buyback plan on Wednesday, September 20th 2017, which allows the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 11.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

How were TEGNA's earnings last quarter?

TEGNA Inc. (NYSE:TGNA) issued its earnings results on Thursday, November, 8th. The company reported $0.40 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.37 by $0.03. The firm earned $539 million during the quarter, compared to analyst estimates of $537.68 million. TEGNA had a net margin of 26.46% and a return on equity of 28.02%. The firm's quarterly revenue was up 16.1% compared to the same quarter last year. During the same period last year, the firm earned $0.23 EPS. View TEGNA's Earnings History.

When is TEGNA's next earnings date?

TEGNA is scheduled to release their next quarterly earnings announcement on Friday, March 1st 2019. View Earnings Estimates for TEGNA.

How can I listen to TEGNA's earnings call?

TEGNA will be holding an earnings conference call on Friday, March 1st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8883948218.

What price target have analysts set for TGNA?

11 analysts have issued 1-year price objectives for TEGNA's shares. Their predictions range from $11.00 to $17.00. On average, they expect TEGNA's share price to reach $14.30 in the next twelve months. This suggests a possible upside of 23.2% from the stock's current price. View Analyst Price Targets for TEGNA.

What is the consensus analysts' recommendation for TEGNA?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for TEGNA.

What are Wall Street analysts saying about TEGNA stock?

Here are some recent quotes from research analysts about TEGNA stock:
  • 1. According to Zacks Investment Research, "TEGNA’s acquisition of two leading stations, WTOL and KWES, in Ohio and Texas is expected to be accretive to its free cash flow immediately and to earnings in less than a year after close. Additionally, Premion, which is helping the company reach customers beyond its traditional business, has expanded its reach to 200 markets from 39 markets earlier. Moreover, the company continues to benefit from higher paid-up subscribers, both MVPD and OTT subscribers, and increased revenues from political advertisements. Political revenues recorded an all-time high, including presidential election years and came well above the previous mid-term election in 2014. However, the company operates in a competitive broadcast TV industry, which has long been grappling with declining advertising revenues. Moreover, its shares have also underperformed the industry over the past year." (1/15/2019)
  • 2. Barrington Research analysts commented, "We are lowering our 2018-based price target by $3 to $15 for TGNA assigning a 9x two-year-forward EV/EBITDA multiple reflecting the industry-leading positions in its broadcasting and related digital businesses. TEGNA is committed to returning capital to shareholders via a $0.28 annual dividend (yielding 2.6%) and share repurchases. TEGNA is focused on using its industry-leading position in broadcasting to establish and grow related programming and digital initiatives." (8/16/2018)

Has TEGNA been receiving favorable news coverage?

Media stories about TGNA stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. TEGNA earned a media sentiment score of 1.4 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the stock's share price in the near term.

Who are some of TEGNA's key competitors?

Who are TEGNA's key executives?

TEGNA's management team includes the folowing 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)

Who are TEGNA's major shareholders?

TEGNA's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Retirement Systems of Alabama (0.13%), Personal Resources Investment & Strategic Management Inc. (0.10%), James Investment Research Inc. (0.04%), Bank of Montreal Can (0.03%), Louisiana State Employees Retirement System (0.03%) and Nisa Investment Advisors LLC (0.02%). Company insiders that own TEGNA stock include Clifton A Mcclelland III, Howard D Elias, John A Williams, Lynn B Trelstad, Neal Shapiro, Todd A Mayman and William A Behan. 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 Personal Resources Investment & Strategic Management Inc., North Star Investment Management Corp., Louisiana State Employees Retirement System and Oakbrook Investments LLC. Company insiders that have sold TEGNA company stock in the last year include Lynn B Trelstad and Neal Shapiro. View Insider Buying and Selling for TEGNA.

Which major investors are buying TEGNA stock?

TGNA stock was purchased by a variety of institutional investors in the last quarter, including James Investment Research Inc., Meeder Asset Management Inc., Bowling Portfolio Management LLC, First Hawaiian Bank, Nisa Investment Advisors LLC, Bank of Montreal Can and Retirement Systems of Alabama. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is TEGNA's stock price today?

One share of TGNA stock can currently be purchased for approximately $11.61.

How big of a company is TEGNA?

TEGNA has a market capitalization of $2.50 billion and generates $1.90 billion in revenue each year. The company earns $273.74 million in net income (profit) each year or $1.08 on an earnings per share basis. TEGNA employs 5,283 workers across the globe.

What is TEGNA's official website?

The official website for TEGNA is http://www.tegna.com.

How can I contact TEGNA?

TEGNA's mailing address is 7950 JONES BRANCH DRIVE, MCLEAN VA, 22107. The company can be reached via phone at 703-854-7000 or via email at [email protected]


MarketBeat Community Rating for TEGNA (NYSE TGNA)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  334 (Vote Outperform)
Underperform Votes:  418 (Vote Underperform)
Total Votes:  752
MarketBeat's community ratings are surveys of what our community members think about TEGNA and other stocks. Vote "Outperform" if you believe TGNA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TGNA will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/23/2019 by MarketBeat.com Staff

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