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AMC   7.45 (+9.08%)
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PFE   44.12 (+0.66%)
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NYSE:TGNA

TEGNA - TGNA Stock Forecast, Price & News

$21.13
-0.11 (-0.52%)
(As of 09/27/2022 03:59 PM ET)
Add
Compare
Today's Range
$21.04
$21.62
50-Day Range
$20.79
$21.94
52-Week Range
$17.94
$23.04
Volume
59,975 shs
Average Volume
844,681 shs
Market Capitalization
$4.71 billion
P/E Ratio
8.99
Dividend Yield
1.76%
Price Target
$24.00

TEGNA MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
13.7% Upside
$24.00 Price Target
Short Interest
Healthy
2.99% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.25mentions of TEGNA in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-26.67%
From $3.00 to $2.20 Per Share

Overall MarketRank

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

2.11 out of 5 stars

Consumer Discretionary Sector

187th out of 274 stocks

Television Broadcasting Stations Industry

11th out of 14 stocks

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

TEGNA (NYSE:TGNA) Lifted to Buy at StockNews.com
TEGNA Inc. Reports Second Quarter 2022 Results
TEGNA Inc. (TGNA) Q2 Earnings Surpass Estimates
See More Headlines
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TGNA Company Calendar

Ex-Dividend for 7/1 Dividend
6/02/2022
Dividend Payable
7/01/2022
Last Earnings
8/08/2022
Ex-Dividend for 10/3 Dividend
9/08/2022
Today
9/27/2022
Dividend Payable
10/03/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
N/A
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
+13.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$476.95 million
Pretax Margin
22.08%

Debt

Sales & Book Value

Annual Sales
$2.99 billion
Cash Flow
$2.72 per share
Book Value
$11.39 per share

Miscellaneous

Free Float
220,969,000
Market Cap
$4.71 billion
Optionable
Optionable
Beta
0.78

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













TGNA Stock - Frequently Asked Questions

Should I buy or sell TEGNA stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 2022?

3 brokerages have issued twelve-month price targets for TEGNA's shares. 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 twelve months. This suggests a possible upside of 13.9% 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 2022?

TEGNA's stock was trading at $18.56 at the beginning of 2022. Since then, TGNA stock has increased by 13.6% and is now trading at $21.08.
View the best growth stocks for 2022 here
.

Are investors shorting TEGNA?

TEGNA saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 6,680,000 shares, a decrease of 28.2% from the August 15th total of 9,300,000 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 6.6 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 Thursday, November 3rd 2022.
View our TGNA earnings forecast
.

How were TEGNA's earnings last quarter?

TEGNA Inc. (NYSE:TGNA) announced its earnings results on Monday, August, 8th. The company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.04. The firm had revenue of $784.90 million for the quarter, compared to analysts' expectations of $800.78 million. TEGNA had a net margin of 16.94% and a trailing twelve-month return on equity of 20.18%. The company's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share.

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

TEGNA announced a quarterly dividend on Friday, July 29th. Investors of record on Friday, September 9th will be given a dividend of $0.095 per share on Monday, October 3rd. This represents a $0.38 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, September 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 1.76%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGNA will have a dividend payout ratio of 17.27% 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 retail and institutional investors. Top institutional shareholders include State Street Corp (3.91%), Pentwater Capital Management LP (3.74%), TIG Advisors LLC (2.99%), Segantii Capital Management Ltd (2.35%), Northern Trust Corp (2.05%) and Goldman Sachs Group Inc. (1.44%).
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 $21.08.

How much money does TEGNA make?

TEGNA (NYSE:TGNA) has a market capitalization of $4.70 billion and generates $2.99 billion in revenue each year. The company earns $476.95 million in net income (profit) each year or $2.35 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 9/27/2022 by MarketBeat.com Staff

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