Sign in or create an account to add this stock to your watchlist.
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.
Industry, Sector and Symbol
Industry Television broadcasting stations
Sub-IndustryN/A
SectorConsumer Discretionary
SymbolNYSE:TGNA
CUSIPN/A
Phone703-854-7000
Debt
Debt-to-Equity Ratio3.08
Current Ratio1.86
Quick Ratio1.86
Price-To-Earnings
Trailing P/E Ratio9.71
Forward P/E Ratio6.23
P/E Growth0.43
Sales & Book Value
Annual Sales$1.90 billion
Price / Sales1.20
Cash Flow$1.7248 per share
Price / Cash6.14
Book Value$4.81 per share
Price / Book2.20
Profitability
EPS (Most Recent Fiscal Year)$1.08
Net Income$273.74 million
Net Margins23.56%
Return on Equity27.89%
Return on Assets4.80%
Miscellaneous
Employees5,283
Outstanding Shares215,680,000
TEGNA (NYSE:TGNA) Frequently Asked Questions
What is TEGNA's stock symbol?
TEGNA trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGNA."
How often does TEGNA pay dividends? What is the dividend yield for TEGNA?
TEGNA announced a quarterly dividend on Thursday, April 26th. Shareholders of record on Friday, June 8th will be paid a dividend of $0.07 per share on Monday, July 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, June 7th. View TEGNA's Dividend History.
How will TEGNA's stock buyback program work?
TEGNA announced that its board has approved a share buyback plan on Wednesday, September 20th 2017, which allows the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 11.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.
How were TEGNA's earnings last quarter?
TEGNA Inc. (NYSE:TGNA) posted its earnings results on Tuesday, May, 8th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm earned $502.10 million during the quarter, compared to the consensus estimate of $497.35 million. TEGNA had a net margin of 23.56% and a return on equity of 27.89%. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. View TEGNA's Earnings History.
When is TEGNA's next earnings date?
What price target have analysts set for TGNA?
10 equities research analysts have issued 1 year price targets for TEGNA's shares. Their forecasts range from $11.00 to $19.00. On average, they expect TEGNA's stock price to reach $15.10 in the next twelve months. View Analyst Ratings for TEGNA.
What are Wall Street analysts saying about TEGNA stock?
Here are some recent quotes from research analysts about TEGNA stock:
- 1. Benchmark Co. analysts commented, "We continue to like Premion as an asset embedded in the TEGNA portfolio, but believe the momentum and revenue trajectory will need to continue at a similar pace for at least another 12-24 months before investors even consider assigning some sort of valuation to it. Buy Current Price $10.54 Price Target $17.00 52-Wk Range $10.00 – $16.70 Shares Outstanding (mm) 217 Market Cap (mm) $2,289 Enterprise Value (mm) $6,020 Debt (mm) $3,731 Daniel L." (5/9/2018)
- 2. According to Zacks Investment Research, "TEGNA reported strong fourth-quarter 2017 results aided by the buyout of Midwest Television's broadcasting stations, sale of CareerBuilder and spin-off of Cars.com. Moreover, in the quarter under review, TEGNA reported a one-time deferred tax benefit of $221 million, from the new tax law passed. For first-quarter 2018, the company also expects total revenues (excluding the terminated digital business) to increase by 10-12% year over year driven by Olympics, Super Bowl and subscription revenue growth. However, TEGNA’s operation in a competitive broadcast TV industry remains a concern. The U.S. broadcast TV industry has long been grappling with declining advertising revenues and global economic volatility. In fact, in the past six months, the stock price soared 7.2% but failed to beat the industry’s gain of 25.3%." (3/13/2018)
Who are some of TEGNA's key competitors?
Some companies that are related to TEGNA include PROSIEBENSAT1 MED. (PBSFY), Liberty Media (FWONB), Liberty Media (FWONK), Liberty Media Formula One Series A (FWONA), Tribune Media (TRCO), Nexstar Media Group (NXST), Sinclair Broadcast Group (SBGI), TF1 Group (TVFCF), E. W. Scripps (SSP), Gray Television (GTN), Gray Television (GTN.A), Central European Media Enterprises (CETV), Phoenix New Media (FENG), Entravision Communication (EVC) and Liberty Media (BATRA).
Who are TEGNA's key executives?
TEGNA's management team includes the folowing 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)
Has TEGNA been receiving favorable news coverage?
Media stories about TGNA stock have trended very positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. TEGNA earned a daily sentiment score of 0.65 on Accern's scale. They also assigned media coverage about the company an impact score of 46.69 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are TEGNA's major shareholders?
TEGNA's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.60%), New South Capital Management Inc. (6.24%), Diamond Hill Capital Management Inc. (4.52%), Schroder Investment Management Group (3.23%), LSV Asset Management (2.31%) and Victory Capital Management Inc. (2.11%). Company insiders that own TEGNA stock include Clifton A Mcclelland III, Gracia C Martore, Howard D Elias, John A Williams, Lynn B Trelstad, Neal Shapiro, Todd A Mayman and William A Behan. View Institutional Ownership Trends for TEGNA.
Which major investors are selling TEGNA stock?
TGNA stock was sold by a variety of institutional investors in the last quarter, including Artisan Partners Limited Partnership, Prudential Financial Inc., Schroder Investment Management Group, Dimensional Fund Advisors LP, Freestone Capital Holdings LLC, Hsbc Holdings PLC, Newport Trust Co and Diamond Hill Capital Management Inc.. Company insiders that have sold TEGNA company stock in the last year include Clifton A Mcclelland III, Lynn B Trelstad, Neal Shapiro and Todd A Mayman. View Insider Buying and Selling for TEGNA.
Which major investors are buying TEGNA stock?
TGNA stock was acquired by a variety of institutional investors in the last quarter, including Private Management Group Inc., BlackRock Inc., Foundry Partners LLC, black and white Capital LP, KBC Group NV, A.R.T. Advisors LLC, LSV Asset Management and Guggenheim Capital LLC. View Insider Buying and Selling for TEGNA.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is TEGNA's stock price today?
One share of TGNA stock can currently be purchased for approximately $10.59.
How big of a company is TEGNA?
TEGNA has a market capitalization of $2.29 billion and generates $1.90 billion in revenue each year. The company earns $273.74 million in net income (profit) each year or $1.08 on an earnings per share basis. TEGNA employs 5,283 workers across the globe.
How can I contact TEGNA?
TEGNA's mailing address is 7950 JONES BRANCH DRIVE, MCLEAN VA, 22107. The company can be reached via phone at 703-854-7000 or via email at [email protected]
MarketBeat Community Rating for TEGNA (TGNA)
MarketBeat's community ratings are surveys of what our community members think about TEGNA and other stocks. Vote "Outperform" if you believe TGNA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TGNA will underperform the S&P 500 over the long term. You may vote once every thirty days.
TEGNA (NYSE:TGNA) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
10 Wall Street analysts have issued ratings and price targets for TEGNA in the last 12 months. Their average twelve-month price target is $15.10, suggesting that the stock has a possible upside of 42.59%. The high price target for TGNA is $19.00 and the low price target for TGNA is $11.00. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.40 | 2.33 | 2.40 | 2.30 |
| Ratings Breakdown: | 1 Sell Rating(s)
4 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
5 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $15.10 | $15.3333 | $18.3750 | $17.8750 |
| Price Target Upside: | 42.59% upside | 43.03% upside | 31.34% upside | 46.28% upside |
TEGNA (NYSE:TGNA) Consensus Price Target History
TEGNA (NYSE:TGNA) Analyst Ratings History
Show:
(Data available from 5/25/2016 forward)
TEGNA (NYSE:TGNA) Dividend Information
TEGNA pays an annual dividend of $0.28 per share, with a dividend yield of 2.64%. TGNA's next quarterly dividend payment will be made on Monday, July 2. TEGNA pays out 25.93% of its earnings out as a dividend.
| Next Dividend: | 7/2/2018 |
| Annual Dividend: | $0.28 |
| Dividend Yield: | 2.64% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 25.93% (Trailing 12 Months of Earnings)
16.47% (Based on This Year's Estimates)
18.54% (Based on Next Year's Estimates)
16.23% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
TEGNA (NYSE:TGNA) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/26/2018 | quarterly | $0.07 | 2.55% | 6/7/2018 | 6/8/2018 | 7/2/2018 |
| 2/23/2018 | quarterly | $0.07 | 2.03% | 3/8/2018 | 3/9/2018 | 4/2/2018 |
| 11/3/2017 | quarterly | $0.07 | 2.38% | 12/7/2017 | 12/8/2017 | 1/2/2018 |
| 7/26/2017 | quarterly | $0.07 | 1.83% | 9/7/2017 | 9/8/2017 | 10/2/2017 |
| 5/30/2017 | Quarterly | $0.07 | 1.18% | 6/7/2017 | 6/9/2017 | 7/3/2017 |
| 3/1/2017 | quarterly | $0.14 | 2.13% | 3/8/2017 | 3/10/2017 | 4/3/2017 |
| 10/28/2016 | quarterly | $0.14 | 2.85% | 12/7/2016 | 12/9/2016 | 1/3/2017 |
| 7/29/2016 | quarterly | $0.14 | 2.56% | 9/7/2016 | 9/9/2016 | 10/3/2016 |
| 5/6/2016 | quarterly | $0.14 | 2.44% | 6/1/2016 | 6/3/2016 | 7/1/2016 |
| 2/24/2016 | quarterly | $0.14 | 2.32% | 3/2/2016 | 3/4/2016 | 4/1/2016 |
| 10/28/2015 | quarterly | $0.14 | 2.09% | 12/2/2015 | 12/4/2015 | 1/4/2016 |
| 7/29/2015 | | $0.14 | | 9/2/2015 | 9/4/2015 | 10/1/2015 |
| 4/29/2015 | quarterly | $0.20 | 2.33% | 6/3/2015 | 6/5/2015 | 7/1/2015 |
| 2/24/2015 | quarterly | $0.20 | 2.27% | 3/4/2015 | 3/6/2015 | 4/1/2015 |
| 10/28/2014 | quarterly | $0.20 | 2.5% | 12/3/2014 | 12/5/2014 | 1/2/2015 |
| 7/29/2014 | quarterly | $0.20 | 2.39% | 9/3/2014 | 9/5/2014 | 10/1/2014 |
| 5/1/2014 | quarterly | $0.20 | 2.93% | 6/4/2014 | 6/6/2014 | 7/1/2014 |
| 2/25/2014 | quarterly | $0.20 | 2.72% | 3/5/2014 | 3/7/2014 | 4/1/2014 |
| 10/29/2013 | quarterly | $0.20 | 2.88% | 12/4/2013 | 12/6/2013 | 1/2/2014 |
| 7/30/2013 | quarterly | $0.20 | 3.11% | 9/4/2013 | 9/6/2013 | 10/1/2013 |
| 5/7/2013 | quarterly | $0.20 | 3.86% | 6/5/2013 | 6/7/2013 | 7/1/2013 |
| 2/26/2013 | quarterly | $0.20 | 4.03% | 3/6/2013 | 3/8/2013 | 4/1/2013 |
(Data available from 1/1/2013 forward)
TEGNA (NYSE TGNA) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.44%
Institutional Ownership Percentage: 95.96%
TEGNA (NYSE TGNA) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/16/2018 | Neal Shapiro | Director | Sell | 12,385 | $12.57 | $155,679.45 | |  |
| 3/7/2018 | Lynn B Trelstad | COO | Sell | 3,112 | $12.85 | $39,989.20 | 24,152 | |
| 12/6/2017 | Clifton A Mcclelland III | SVP | Sell | 7,740 | $13.69 | $105,960.60 | 32,335 | |
| 11/10/2017 | Todd A Mayman | EVP | Sell | 36,830 | $12.63 | $465,162.90 | 19,420 | |
| 3/7/2017 | William A Behan | SVP | Sell | 24,644 | $25.87 | $637,540.28 | 8,005 | |
| 3/1/2017 | Howard D Elias | Director | Sell | 4,883 | $26.18 | $127,836.94 | 14,883 | |
| 2/28/2017 | John A Williams | Insider | Sell | 3,340 | $25.83 | $86,272.20 | 95,423 | |
| 2/28/2017 | Todd A Mayman | EVP | Sell | 11,554 | $25.69 | $296,822.26 | 56,250 | |
| 12/20/2016 | Gracia C Martore | Insider | Sell | 140,179 | $22.28 | $3,123,188.12 | 30,034 | |
| 5/13/2015 | Gracia C Martore | CEO | Sell | 123,560 | $34.90 | $4,312,244.00 | | |
| 5/7/2015 | Robert J Dickey | Insider | Sell | 47,386 | $34.52 | $1,635,764.72 | | |
| 2/9/2015 | William A Behan | VP | Sell | 16,141 | $33.39 | $538,947.99 | | |
| 2/6/2015 | David A Payne | VP | Sell | 30,711 | $33.55 | $1,030,354.05 | | |
| 2/5/2015 | André Audet | Director | Buy | 23,000 | $0.04 | $920.00 | | |
| 2/5/2015 | André Audet | Director | Buy | 23,000 | $0.04 | $920.00 | | |
| 2/5/2015 | André Audet | Director | Buy | 23,000 | $0.04 | $920.00 | | |
| 2/5/2015 | André Audet | Director | Buy | 23,000 | $0.04 | $920.00 | | |
| 2/5/2015 | Todd A Mayman | VP | Sell | 26,574 | $33.00 | $876,942.00 | | |
| 1/28/2015 | André Audet | Director | Buy | 50,000 | $0.04 | $2,000.00 | | |
| 1/22/2015 | Andr� Audet | Director | Buy | 10,000 | $0.0450 | $450.00 | | |
| 1/8/2015 | David A Payne | VP | Sell | 12,000 | $30.35 | $364,200.00 | | |
| 12/11/2014 | David A Payne | VP | Sell | 14,217 | $31.82 | $452,384.94 | | |
| 12/11/2014 | John A Williams | Insider | Sell | 15,690 | $31.82 | $499,255.80 | | |
| 12/11/2014 | Maryam Banikarim | CMO | Sell | 13,652 | $31.81 | $434,270.12 | | |
| 8/6/2014 | Teresa S Gendron | VP | Sell | 11,250 | $34.34 | $386,325.00 | | |
| 7/1/2014 | Lidia Fonseca | Director | Buy | 1,000 | $31.38 | $31,380.00 | | |
| 3/24/2014 | John Williams | Insider | Sell | 125,500 | $28.28 | $3,549,140.00 | 19,139 | |
| 3/10/2014 | David Lougee | Insider | Sell | 37,250 | $29.37 | $1,094,032.50 | 11,264 | |
| 3/10/2014 | William Behan | VP | Sell | 20,906 | $29.19 | $610,246.14 | | |
| 2/28/2014 | Robert Dickey | Insider | Sell | 80,000 | $29.46 | $2,356,800.00 | 31,498 | |
| 2/6/2014 | Tony Prophet | Director | Buy | 2,000 | $27.37 | $54,740.00 | 2,000 | |
| 1/2/2014 | David Payne | VP | Sell | 23,000 | $29.45 | $677,350.00 | | |
| 12/24/2013 | David Lougee | Insider | Sell | 129,204 | $28.67 | $3,704,278.68 | 11,264 | |
| 12/24/2013 | Maryam Banikarim | CMO | Sell | 12,500 | $28.58 | $357,250.00 | | |
| 12/24/2013 | Todd Mayman | VP | Sell | 68,750 | $28.59 | $1,965,562.50 | 19,461 | |
| 10/30/2013 | Paul Davidson | Insider | Sell | 30,500 | $27.99 | $853,695.00 | | |
| 3/11/2013 | Robert J Dickey | Insider | Sell | 30,000 | $21.31 | $639,300.00 | | |
| 2/25/2013 | Paul Davidson | Insider | Sell | 16,250 | $19.84 | $322,400.00 | | |
(Data available from 1/1/2013 forward)
TEGNA (NYSE TGNA) News Headlines
| Source: |
|
TEGNA (NYSE:TGNA) SEC Filings
This page is loading this company's SEC Filings. Please wait...
TEGNA (NYSE:TGNA) Income Statement, Balance Sheet and Cash Flow Statement
TEGNA (NYSE TGNA) Stock Chart for Friday, May, 25, 2018
Loading chart…
