S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What to Expect from the Markets in a Recession
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What to Expect from the Markets in a Recession
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What to Expect from the Markets in a Recession
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What to Expect from the Markets in a Recession
Dems push Biden climate, health priorities toward Senate OK
NYSE:TGNA

TEGNA - TGNA Stock Forecast, Price & News

$21.20
-0.18 (-0.84%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
$21.11
$21.34
50-Day Range
$19.56
$21.99
52-Week Range
$16.42
$23.04
Volume
1.45 million shs
Average Volume
2.32 million shs
Market Capitalization
$4.72 billion
P/E Ratio
9.46
Dividend Yield
1.79%
Price Target
$23.50

TEGNA MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
10.8% Upside
$23.50 Price Target
Short Interest
Healthy
4.66% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.26mentions of TEGNA in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-25.81%
From $3.10 to $2.30 Per Share

Overall MarketRank

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

2.11 out of 5 stars

Consumer Discretionary Sector

224th out of 365 stocks

Television Broadcasting Stations Industry

10th out of 20 stocks

TGNA stock logo

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.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TGNA shares. Huber Research raised TEGNA from an "underweight" rating to an "overweight" rating in a research note on Monday, June 6th. Argus lowered TEGNA from a "buy" rating to a "hold" rating in a research report on Wednesday, April 13th. Wells Fargo & Company lowered TEGNA from an "overweight" rating to an "equal weight" rating and lifted their target price for the company from $23.00 to $24.00 in a research report on Wednesday, May 4th. Finally, StockNews.com lowered TEGNA from a "buy" rating to a "hold" rating in a research report on Monday, August 1st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $23.50.

TEGNA Stock Down 0.8 %

Shares of TGNA traded down $0.18 during trading hours on Friday, hitting $21.20. The company had a trading volume of 1,452,046 shares, compared to its average volume of 887,622. The company has a market capitalization of $4.72 billion, a PE ratio of 9.46 and a beta of 0.81. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.17. TEGNA has a one year low of $16.42 and a one year high of $23.04. The company's fifty day moving average price is $20.88 and its two-hundred day moving average price is $21.42.

TEGNA (NYSE:TGNA - Get Rating) last released its quarterly earnings results on Monday, May 9th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The firm had revenue of $774.30 million during the quarter, compared to analyst estimates of $765.83 million. TEGNA had a return on equity of 20.19% and a net margin of 16.41%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. As a group, equities analysts forecast that TEGNA will post 3.1 earnings per share for the current fiscal year.

TEGNA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 9th will be given a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, September 8th. TEGNA's payout ratio is 16.96%.

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.

TGNA Stock News Headlines

TEGNA (TGNA) Scheduled to Post Quarterly Earnings on Monday
StockNews.com Downgrades TEGNA (NYSE:TGNA) to Hold
TEGNA (NYSE:TGNA) Lifted to Buy at StockNews.com
TEGNA Inc. (TGNA) Q1 Earnings Beat Estimates
See More Headlines
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.

TGNA Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 7/1 Dividend
6/02/2022
Dividend Payable
7/01/2022
Today
8/08/2022
Next Earnings (Confirmed)
8/08/2022
Ex-Dividend for 10/3 Dividend
9/08/2022
Dividend Payable
10/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
N/A
Employees
6,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$23.50
High Stock Price Forecast
$24.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
+10.8%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$476.95 million
Pretax Margin
21.20%

Debt

Sales & Book Value

Annual Sales
$2.99 billion
Cash Flow
$2.77 per share
Book Value
$11.39 per share

Miscellaneous

Free Float
220,713,000
Market Cap
$4.72 billion
Optionable
Optionable
Beta
0.81














TGNA Stock - Frequently Asked Questions

Should I buy or sell TEGNA stock right now?

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.

What is TEGNA's stock price forecast for 2022?

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.
View analysts' price targets for TEGNA
or view top-rated stocks among Wall Street analysts.

How has TEGNA's stock performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is TEGNA's next earnings date?

TEGNA is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022.
View our earnings forecast for TEGNA
.

How were TEGNA's earnings last quarter?

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.

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

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
.

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 1.79%. 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.

What is Dave Lougee's approval rating as TEGNA's CEO?

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

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 $21.20.

How much money does TEGNA make?

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.

How many employees does TEGNA have?

TEGNA 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 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.

This page (NYSE:TGNA) was last updated on 8/8/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.