NYSE:TGNATEGNA Stock Price, Forecast & News

TEGNA's stock was trading at $16.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TGNA shares have decreased by 26.8% and is now trading at $11.72. 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) posted its quarterly earnings data on Thursday, May, 7th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting 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 net margin of 12.10% and a return on equity of 21.17%. TEGNA's revenue for the quarter was up 32.4% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. 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 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, June 4th. View TEGNA's dividend history.

TEGNA updated 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 estimate of $0.39. The company issued revenue guidance of ~$684 million, compared to the consensus revenue estimate of $685.17 million.

8 analysts have issued 12-month target prices for TEGNA's shares. Their forecasts range from $12.00 to $21.00. On average, they expect TEGNA's share price to reach $15.88 in the next year. This suggests a possible upside of 35.5% from the stock's current price. View analysts' price targets for TEGNA.

Media headlines about TGNA stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. TEGNA earned a news impact score of -1.0 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. 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), CBS (CBS.A), Nexstar Media Group (NXST), Grupo Televisa SAB (TV), PROSIEBENSAT 1/ADR (PBSFY), Sinclair Broadcast Group (SBGI), Gray Television (GTN.A), Gray Television (GTN), Central European Media Enterprises (CETV), E. W. Scripps (SSP), Liberty Braves Group Series A (BATRA), Entravision Communication (EVC), Phoenix New Media (FENG) and Liberty Media Formula One Series B (FWONB). 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 many different retail and institutional 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 acquired 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 $11.72.

TEGNA has a market capitalization of $2.56 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]