NYSE:TGNA - TEGNA Stock Price, News & Analysis

$15.49
-0.43 (-2.70 %)
(As of 09/18/2019 08:00 AM ET)
Today's Range
$15.33
Now: $15.49
$15.83
50-Day Range
$13.56
MA: $14.86
$16.12
52-Week Range
$10.24
Now: $15.49
$16.58
Volume1.29 million shs
Average Volume2.70 million shs
Market Capitalization$3.36 billion
P/E Ratio9.06
Dividend Yield1.74%
Beta1.47
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. Read More…

Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryN/A
SectorConsumer Discretionary
CUSIPN/A
Phone703-854-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.21 billion
Cash Flow$2.1544 per share
Book Value$6.23 per share

Profitability

Net Income$405.67 million

Miscellaneous

Employees5,336
Market Cap$3.36 billion
Next Earnings Date11/7/2019 (Confirmed)
OptionableOptionable

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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 Tuesday, July 23rd. Shareholders of record on Friday, September 6th will be given a dividend of $0.07 per share on Tuesday, October 1st. This represents a $0.28 annualized dividend and a yield of 1.81%. The ex-dividend date is Thursday, September 5th. View TEGNA's Dividend History.

How will TEGNA's stock buyback program work?

TEGNA declared that its Board of Directors has authorized a share buyback plan on Wednesday, September 20th 2017, which allows the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 11.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

How were TEGNA's earnings last quarter?

TEGNA Inc. (NYSE:TGNA) issued its earnings results on Tuesday, August, 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.32 by $0.03. The company earned $536.90 million during the quarter, compared to analyst estimates of $534.10 million. TEGNA had a net margin of 18.24% and a return on equity of 28.43%. The business's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the business posted $0.36 earnings per share. View TEGNA's Earnings History.

When is TEGNA's next earnings date?

TEGNA is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for TEGNA.

How can I listen to TEGNA's earnings call?

TEGNA will be holding an earnings conference call on Thursday, November 7th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for TGNA?

8 analysts have issued 12-month target prices for TEGNA's stock. Their predictions range from $14.00 to $20.00. On average, they anticipate TEGNA's stock price to reach $17.3333 in the next year. This suggests a possible upside of 11.9% from the stock's current price. View Analyst Price Targets for TEGNA.

What is the consensus analysts' recommendation for TEGNA?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. According to Zacks Investment Research, "TEGNA’s second-quarter 2019 revenues benefited from higher advertising and marketing services, and subscription revenues. The company witnessed growth in the services, banking and media ad categories that fully offset weakness in automotive. Moreover, a stable paying subscriber base and higher rates drove subscription revenues. Moreover, the company’s continued acquisition of local TV stations comprising the Big Four affiliates is likely to drive the top line and improve cash flow visibility in 2019 and beyond. Shares have outperformed the industry on a year-to-date basis. However, increasing programming fees are expected to drag margins down in the near term. Moreover, the company operates in a competitive broadcast TV industry, which has long been grappling with declining advertising revenues." (8/7/2019)
  • 2. Barrington Research analysts commented, "We are using a 2019-based price target of $17 for TGNA, assigning a 9x two-year-forward EV/EBITDA multiple reflecting the industry-leading positions in its broadcasting and related digital businesses. TEGNA is committed to returning capital to shareholders via a $0.28 annual dividend (yielding 1.9%) and share repurchases. TEGNA is focused on using its industry-leading position in broadcasting to establish and grow related programming and digital initiatives." (3/8/2019)

Has TEGNA been receiving favorable news coverage?

Media headlines about TGNA stock have trended negative this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. TEGNA earned a news sentiment score of -2.9 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for TEGNA.

Are investors shorting TEGNA?

TEGNA saw a increase in short interest during the month of August. As of August 15th, there was short interest totalling 14,051,800 shares, an increase of 41.7% from the July 15th total of 9,915,500 shares. Based on an average daily trading volume, of 2,390,000 shares, the short-interest ratio is presently 5.9 days. Approximately 6.6% of the shares of the company are short sold. View TEGNA's Current Options Chain.

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), General Electric (GE), Verizon Communications (VZ), Intel (INTC), Starbucks (SBUX), Chevron (CVX), Procter & Gamble (PG), AT&T (T), Walmart (WMT) and eBay (EBAY).

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)

Who are TEGNA's major shareholders?

TEGNA's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.96%), BlackRock Inc. (11.96%), Vanguard Group Inc. (10.45%), AQR Capital Management LLC (4.94%), Standard General L.P. (4.09%) and LSV Asset Management (3.06%). Company insiders that own TEGNA stock include Clifton A Mcclelland III, Lynn B Trelstad, Neal Shapiro and Todd A Mayman. 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 Victory Capital Management Inc., Morgan Stanley, Prudential Financial Inc., Strs Ohio, Russell Investments Group Ltd., Jacobs Levy Equity Management Inc., Diamond Hill Capital Management Inc. and Caisse DE Depot ET Placement DU Quebec. View Insider Buying and Selling for TEGNA.

Which major investors are buying TEGNA stock?

TGNA stock was purchased by a variety of institutional investors in the last quarter, including Standard General L.P., UBS Group AG, APG Asset Management N.V., AQR Capital Management LLC, Nuveen Asset Management LLC, Canada Pension Plan Investment Board, Vanguard Group Inc. and Invesco Ltd.. 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, Robinhood, Fidelity and Charles Schwab.

What is TEGNA's stock price today?

One share of TGNA stock can currently be purchased for approximately $15.49.

How big of a company is TEGNA?

TEGNA has a market capitalization of $3.36 billion and generates $2.21 billion in revenue each year. The company earns $405.67 million in net income (profit) each year or $1.83 on an earnings per share basis. TEGNA employs 5,336 workers across the globe.View Additional Information About TEGNA.

What is TEGNA's official website?

The official website for TEGNA is http://www.tegna.com/.

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 (NYSE TGNA)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  376 (Vote Outperform)
Underperform Votes:  444 (Vote Underperform)
Total Votes:  820
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.
This page was last updated on 9/18/2019 by MarketBeat.com Staff

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