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NYSE:TGNA

TEGNA - TGNA Stock Forecast, Price & News

$19.71
+0.07 (+0.36%)
(As of 01/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$19.48
▼
$19.83
50-Day Range
$19.32
▼
$21.27
52-Week Range
$18.71
▼
$23.04
Volume
870,091 shs
Average Volume
1.42 million shs
Market Capitalization
$4.40 billion
P/E Ratio
8.14
Dividend Yield
1.93%
Price Target
$24.00

TEGNA MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
21.8% Upside
$24.00 Price Target
Short Interest
Bearish
3.12% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.44mentions of TEGNA in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-25.45%
From $2.75 to $2.05 Per Share

Overall MarketRank™

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

1.96 out of 5 stars

Consumer Discretionary Sector

183rd out of 274 stocks

Television Broadcasting Stations Industry

9th out of 13 stocks

See Top Rated MarketRank™ Stocks Here

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.

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TGNA Stock News Headlines

January 28, 2023 | americanbankingnews.com
StockNews.com Upgrades TEGNA (NYSE:TGNA) to Buy
January 24, 2023 | msn.com
Standard General’s Soo Kim Still Confident Of Tegna Deal Approval
January 30, 2023 | Investing Trends (Ad)
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January 24, 2023 | msn.com
Standard General's Soo Kim optimistic talks with regulators on Tegna closer to end than beginning
January 20, 2023 | americanbankingnews.com
TEGNA (NYSE:TGNA) Stock Rating Lowered by StockNews.com
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
January 30, 2023 | Investing Trends (Ad)
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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
October 4, 2022 | nypost.com
Dallas sports reporter Bri Amaranthus celebrates husband's Aaron Judge ball - New York Post
October 3, 2022 | seekingalpha.com
Tegna stock gains amid report FCC review said to be going `smoothly' (NYSE:TGNA) - Seeking Alpha
September 29, 2022 | reuters.com
Regulator seeks more information related to Standard General's $5.4 bln Tegna deal - Reuters
September 24, 2022 | ft.com
'Bloodbath': Citrix buyout debt sale casts shadow over pending deals - Financial Times
September 21, 2022 | investors.com
IBD Screen Of The Day: Media And Storage Stocks Hit New Highs - Investor's Business Daily
September 21, 2022 | finance.yahoo.com
IBD Screen Of The Day: Media And Storage Stocks Hit New Highs
See More Headlines
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TGNA Company Calendar

Last Earnings
11/09/2022
Ex-Dividend for 1/3 Dividend
12/08/2022
Dividend Payable
1/03/2023
Today
1/30/2023
Next Earnings (Estimated)
2/27/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

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
6,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$24.00
High Stock Price Forecast
$24.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+21.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$2.42
Trailing P/E Ratio
8.14
Forward P/E Ratio
7.17
P/E Growth
N/A
Net Income
$476.95 million
Net Margins
17.26%
Pretax Margin
22.53%
Return on Equity
20.22%
Return on Assets
7.81%

Debt

Debt-to-Equity Ratio
1.07
Current Ratio
2.71
Quick Ratio
2.71

Sales & Book Value

Annual Sales
$2.99 billion
Price / Sales
1.47
Cash Flow
$2.78 per share
Price / Cash Flow
7.08
Book Value
$11.39 per share
Price / Book
1.73

Miscellaneous

Outstanding Shares
223,290,000
Free Float
221,149,000
Market Cap
$4.40 billion
Optionable
Optionable
Beta
0.66

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

Insiders & Institutions

View All Institutional Transactions













TGNA Stock - Frequently Asked Questions

Should I buy or sell TEGNA stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TGNA shares. 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 TGNA analyst ratings or view top-rated stocks.

What is TEGNA's stock price forecast for 2023?

3 Wall Street analysts have issued 12-month price objectives for TEGNA's stock. Their TGNA share price forecasts range from $24.00 to $24.00. On average, they predict the company's share price to reach $24.00 in the next year. This suggests a possible upside of 21.8% 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 at the start of the year. Since then, TGNA shares have decreased by 7.0% and is now trading at $19.71.
View the best growth stocks for 2023 here.

Are investors shorting TEGNA?

TEGNA saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 6,790,000 shares, an increase of 44.2% from the December 15th total of 4,710,000 shares. Based on an average trading volume of 1,460,000 shares, the days-to-cover ratio is presently 4.7 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, February 27th 2023.
View our TGNA earnings forecast.

How were TEGNA's earnings last quarter?

TEGNA Inc. (NYSE:TGNA) posted its earnings results on Wednesday, November, 9th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by $0.07. The company earned $803.11 million during the quarter, compared to the consensus estimate of $842.80 million. TEGNA had a trailing twelve-month return on equity of 20.22% and a net margin of 17.26%.

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

TEGNA declared a quarterly dividend on Friday, October 28th. Investors of record on Friday, December 9th will be paid a dividend of $0.095 per share on Tuesday, January 3rd. This represents a $0.38 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, December 8th.
Read our dividend analysis for TGNA.

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 1.93%. The dividend payout ratio is 15.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGNA will have a dividend payout ratio of 18.54% 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 many different institutional and retail investors. Top institutional shareholders include Calamos Advisors LLC (0.47%), Pinnacle Associates Ltd. (0.28%), Moody Aldrich Partners LLC (0.16%), New York State Teachers Retirement System (0.16%), Kendall Capital Management (0.05%) and Comerica Bank (0.05%).
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 $19.71.

How much money does TEGNA make?

TEGNA (NYSE:TGNA) has a market capitalization of $4.40 billion and generates $2.99 billion in revenue each year. The company earns $476.95 million in net income (profit) each year or $2.42 on an earnings per share basis.

How many employees does TEGNA have?

The company 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 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 1/30/2023 by MarketBeat.com Staff