NYSE:TGNATEGNA Stock Price, Forecast & News

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 23.7% and is now trading at $12.22. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for TEGNA.

TEGNA is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for TEGNA.

TEGNA Inc. (NYSE:TGNA) issued its quarterly earnings data on Thursday, May, 7th. The company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The firm earned $684.20 million during the quarter, compared to analyst estimates of $684 million. TEGNA had a return on equity of 21.17% and a net margin of 12.10%. The business's quarterly revenue was up 32.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. View TEGNA's earnings history.

TEGNA announced a quarterly dividend on Thursday, April 30th. Shareholders of record on Friday, June 5th will be given a dividend of $0.07 per share on Wednesday, July 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, June 4th. View TEGNA's dividend history.

TEGNA issued an update on its first quarter earnings guidance on Monday, April, 20th. The company provided EPS guidance of $0.43 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.39. The company issued revenue guidance of ~$684 million, compared to the consensus revenue estimate of $685.17 million.

8 brokers have issued twelve-month price targets for TEGNA's stock. Their forecasts range from $12.00 to $21.00. On average, they expect TEGNA's stock price to reach $15.88 in the next year. This suggests a possible upside of 29.9% from the stock's current price. View analysts' price targets for TEGNA.

News coverage about TGNA stock has been trending somewhat negative on Thursday, InfoTrie reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. TEGNA earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutTEGNA.

Some companies that are related to TEGNA include Liberty Media Formula One Series C (FWONK), Liberty Media Formula One Series A (FWONA), Liberty Media Formula One Series B (FWONB), CBS (CBS.A), Nexstar Media Group (NXST), Grupo Televisa SAB (TV), PROSIEBENSAT 1/ADR (PBSFY), Sinclair Broadcast Group (SBGI), Gray Television (GTN), Gray Television (GTN.A), Television Francaise 1 (TVFCF), Central European Media Enterprises (CETV), E. W. Scripps (SSP), Liberty Braves Group Series A (BATRA) and Entravision Communication (EVC). View all competitors.

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

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

TEGNA's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.46%), State Street Corp (4.23%), New South Capital Management Inc. (3.97%), AQR Capital Management LLC (1.97%), Bank of New York Mellon Corp (1.76%) and Geode Capital Management LLC (1.55%). View institutional ownership trends for TEGNA.

TGNA stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Vaughan Nelson Investment Management L.P., State of Michigan Retirement System, APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., New South Capital Management Inc., and State Street Corp. View insider buying and selling activity for TEGNA.

TGNA stock was bought by a variety of institutional investors in the last quarter, including Canyon Capital Advisors LLC, TOMS Capital Investment Management LP, Nuveen Asset Management LLC, Quinn Opportunity Partners LLC, Deutsche Bank AG, Geode Capital Management LLC, Drexel Morgan & Co., and Thrivent Financial for Lutherans. View insider buying and selling activity for 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.

One share of TGNA stock can currently be purchased for approximately $12.22.

TEGNA has a market capitalization of $2.67 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.

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

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]