NYSE:TGNA

TEGNA Stock Forecast, Price & News

$17.72
+0.08 (+0.45 %)
(As of 07/29/2021 12:00 AM ET)
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Today's Range
$17.70
$17.97
50-Day Range
$17.13
$19.84
52-Week Range
$11.26
$21.51
Volume615,146 shs
Average Volume1.51 million shs
Market Capitalization$3.91 billion
P/E Ratio7.67
Dividend Yield2.15%
Beta1.28
30 days | 90 days | 365 days | Advanced Chart
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TEGNA logo

About TEGNA

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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MarketRank

Overall MarketRank

2.78 out of 5 stars

Consumer Discretionary Sector

8th out of 617 stocks

Television Broadcasting Stations Industry

1st out of 28 stocks

Analyst Opinion: 2.2Community Rank: 3.2Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 4.4 5 -4 -3 -2 -1 -
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TEGNA (NYSE:TGNA) Frequently Asked Questions

Is TEGNA a buy right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last twelve months. There are currently 1 sell rating and 2 buy ratings for the stock. The consensus among Wall Street equities research 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 stocks does MarketBeat like better than TEGNA?

Wall Street analysts have given TEGNA a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but TEGNA wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is TEGNA's next earnings date?

TEGNA is scheduled to release its next quarterly earnings announcement on Monday, August 9th 2021.
View our earnings forecast for TEGNA
.

How can I listen to TEGNA's earnings call?

TEGNA will be holding an earnings conference call on Monday, August 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 719-457-0820 with passcode "9878379".

How were TEGNA's earnings last quarter?

TEGNA Inc. (NYSE:TGNA) announced its quarterly earnings results on Monday, May, 10th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.52. The firm had revenue of $727.05 million for the quarter, compared to analysts' expectations of $713.59 million. TEGNA had a trailing twelve-month return on equity of 27.57% and a net margin of 17.08%. The firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 EPS.
View TEGNA's earnings history
.

How has TEGNA's stock price been impacted by COVID-19 (Coronavirus)?

TEGNA's stock was trading at $16.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TGNA stock has increased by 10.6% and is now trading at $17.72.
View which stocks have been most impacted by COVID-19
.

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

TEGNA announced a quarterly dividend on Friday, July 23rd. Investors of record on Friday, September 3rd will be given a dividend of $0.095 per share on Friday, October 1st. This represents a $0.38 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, September 2nd.
View TEGNA's dividend history
.

Is TEGNA a good dividend stock?

TEGNA pays an annual dividend of $0.38 per share and currently has a dividend yield of 2.15%. TEGNA does not yet have a strong track record of dividend growth. The dividend payout ratio of TEGNA is 16.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TEGNA will have a dividend payout ratio of 13.29% next year. This indicates that TEGNA will be able to sustain or increase its dividend.
View TEGNA's dividend history.

What guidance has TEGNA issued on next quarter's earnings?

TEGNA issued an update on its first quarter 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share guidance of 0.520-0.520 for the period, compared to the Thomson Reuters consensus estimate of $0.450. The company issued revenue guidance of $727 million-$727 million, compared to the consensus revenue estimate of $711.75 million.

What price target have analysts set for TGNA?

3 brokerages have issued twelve-month price objectives for TEGNA's shares. Their forecasts range from $20.00 to $20.00. On average, they expect TEGNA's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price.
View analysts' price targets for TEGNA
or view top-rated stocks among Wall Street analysts.

Who are TEGNA's key executives?

TEGNA's management team includes the following 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)

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.

Who are some of TEGNA's key competitors?

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), The 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 investors include Vaughan Nelson Investment Management L.P. (1.29%), Oregon Public Employees Retirement Fund (0.03%), Hillsdale Investment Management Inc. (0.03%), New Mexico Educational Retirement Board (0.02%), Brookstone Capital Management (0.01%) and Harel Insurance Investments & Financial Services Ltd. (0.00%).
View institutional ownership trends for TEGNA
.

Which institutional investors are selling TEGNA stock?

TGNA stock was sold by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., and Hillsdale Investment Management Inc..
View insider buying and selling activity for TEGNA
or view top insider-selling stocks.

Which institutional investors are buying TEGNA stock?

TGNA stock was acquired by a variety of institutional investors in the last quarter, including Brookstone Capital Management, New Mexico Educational Retirement Board, Oregon Public Employees Retirement Fund, and Harel Insurance Investments & Financial Services Ltd..
View insider buying and selling activity for TEGNA
or or view top insider-buying stocks.

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 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 $17.72.

How much money does TEGNA make?

TEGNA has a market capitalization of $3.91 billion and generates $2.94 billion in revenue each year. The company earns $482.78 million in net income (profit) each year or $2.30 on an earnings per share basis.

How many employees does TEGNA have?

TEGNA employs 6,430 workers across the globe.

What is TEGNA's official website?

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

Where are TEGNA's headquarters?

TEGNA is headquartered at 8350 BROAD STREET SUITE 2000, TYSONS VA, 22102.

How can I contact TEGNA?

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]


This page was last updated on 7/30/2021 by MarketBeat.com Staff
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