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 Ratio10.50
Forward P/E Ratio6.58
P/E Growth0.46
Sales & Book Value
Annual Sales$1.90 billion
Price / Sales1.28
Cash Flow$1.7389 per share
Price / Cash6.51
Book Value$4.62 per share
Price / Book2.45
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 declared a quarterly dividend on Thursday, April 26th. Stockholders 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 annualized dividend and a dividend yield of 2.47%. 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 declared that its board has initiated a stock buyback plan on Wednesday, September 20th 2017, which allows the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 11.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.
How were TEGNA's earnings last quarter?
TEGNA Inc. (NYSE:TGNA) announced its earnings results on Tuesday, May, 8th. The company reported $0.33 earnings per share for the quarter, beating 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 return on equity of 27.89% and a net margin of 23.56%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $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?
11 Wall Street analysts have issued 1 year price objectives for TEGNA's stock. Their forecasts range from $11.00 to $19.00. On average, they anticipate TEGNA's share price to reach $15.0909 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 Liberty Media Formula One Series C (FWONK), Liberty Media Formula One Series A (FWONA), Liberty Media Formula One Series B (FWONB), PROSIEBENSAT 1/ADR (PBSFY), Nexstar Media Group (NXST), Tribune Company Common Stock (TRCO), Sinclair Broadcast Group (SBGI), TF1 Group (TVFCF), Gray Television (GTN), E. W. Scripps (SSP), Gray Television, Inc. Class A (GTN.A), Central European Media Enterprises (CETV), Entravision Communication (EVC), Phoenix New Media (FENG) and Liberty Braves Group Series A (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 coverage about TGNA stock has trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TEGNA earned a media sentiment score of 0.08 on Accern's scale. They also assigned press coverage about the company an impact score of 45.95 out of 100, indicating that recent news 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 a number of of retail and institutional 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 purchased 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 $11.32.
How big of a company is TEGNA?
TEGNA has a market capitalization of $2.42 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.
