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
Stock Exchange NYSE
Industry Television broadcasting stations
Sub-IndustryN/A
SectorConsumer Discretionary
SymbolNYSE:TGNA
CUSIPN/A
Phone703-854-7000
Debt
Debt-to-Equity Ratio2.80
Current Ratio1.93
Quick Ratio1.93
Price-To-Earnings
Trailing P/E Ratio9.88
Forward P/E Ratio6.31
P/E Growth0.45
Sales & Book Value
Annual Sales$1.90 billion
Price / Sales1.21
Cash Flow$1.7210 per share
Price / Cash6.20
Book Value$4.62 per share
Price / Book2.31
Profitability
EPS (Most Recent Fiscal Year)$1.08
Net Income$273.74 million
Net Margins25.33%
Return on Equity27.72%
Return on Assets5.21%
Miscellaneous
Employees5,283
Outstanding Shares215,270,000
Market Cap$2.31 billion
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, July 26th. Shareholders of record on Friday, September 7th will be paid a dividend of $0.07 per share on Monday, October 1st. This represents a $0.28 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, September 6th. 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 permits the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 11.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.
How were TEGNA's earnings last quarter?
TEGNA Inc. (NYSE:TGNA) released its earnings results on Tuesday, August, 7th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. The business earned $524.08 million during the quarter, compared to the consensus estimate of $516.52 million. TEGNA had a return on equity of 27.72% and a net margin of 25.33%. View TEGNA's Earnings History.
When is TEGNA's next earnings date?
What price target have analysts set for TGNA?
12 brokers have issued 1-year price targets for TEGNA's stock. Their forecasts range from $11.00 to $19.00. On average, they anticipate TEGNA's share price to reach $14.8462 in the next twelve months. This suggests a possible upside of 39.1% from the stock's current price. View Analyst Price Targets for TEGNA.
What is the consensus analysts' recommendation for TEGNA?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 1 sell rating, 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 think forward guidance now looks conservative enough to potentially exceed, especially with political coming in as strong as we’ve seen across the industry, while our new 2019 forecast still only has 1% core growth embedded despite increasingly easy comparisons vs. large displacement. Total revenue of $524 million came in nearly $8 million ahead of the street as a modest miss in core was more than offset by almost $26 million in political and a nearly $4 million q/q increase in Subscription revenue. On AM&S, we note that we estimate underlying core was down ~6%, roughly in line with the peer group when taking into account incremental crowd-out, while the segment was also negatively impacted by further attrition in the remaining digital marketing services component." (8/8/2018)
- 2. According to Zacks Investment Research, "Tegna is benefiting from accelerating subscriptions revenues. Further, the company’s strong presence in gubernatorial and U.S. Senate races will boost political revenues in 2018. The company’s focus on producing local and live-event content is expanding presence in the OTT market. TEGNA’s OTT local advertising network, Premion, continues to gain traction. The acquisition of the broadcasting stations of Midwest Television expands TEGNA’s U.S. television household reach by more than one million. Moreover, the acquisition is accretive to earnings within the first 12 months of closing. Estimates have remained stable ahead of the Q2 earnings release. However, TEGNA operates in a competitive broadcast TV industry, which has long been grappling with declining advertising revenues. Cord-cutting is also a significant threat. Shares have underperformed the industry on a year-to-date basis." (7/24/2018)
Are investors shorting TEGNA?
TEGNA saw a increase in short interest during the month of June. As of June 29th, there was short interest totalling 14,187,413 shares, an increase of 30.3% from the June 15th total of 10,891,569 shares. Based on an average trading volume of 4,465,368 shares, the short-interest ratio is currently 3.2 days. Currently, 6.6% of the company's stock are sold short. View TEGNA's Current Options Chain.
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), Television Francaise 1 (TVFCF), Gray Television (GTN), Gray Television, Inc. Class A (GTN.A), E. W. Scripps (SSP), 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?
News coverage about TGNA stock has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TEGNA earned a daily sentiment score of 0.18 on Accern's scale. They also assigned news articles about the company an impact score of 47.57 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future. View Recent Headlines for TEGNA.
Who are TEGNA's major shareholders?
TEGNA's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.33%), Fairpointe Capital LLC (6.05%), Ariel Investments LLC (4.58%), Diamond Hill Capital Management Inc. (4.19%), LSV Asset Management (2.38%) and Victory Capital Management Inc. (2.24%). 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 institutional investors are selling TEGNA stock?
TGNA stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Diamond Hill Capital Management Inc., BlueMountain Capital Management LLC, KBC Group NV, Pinnacle Associates Ltd., Newport Trust Co, Martingale Asset Management L P and State Board of Administration of Florida Retirement System. 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 institutional investors are buying TEGNA stock?
TGNA stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Ariel Investments LLC, Private Management Group Inc., Fairpointe Capital LLC, First Trust Advisors LP, Schwab Charles Investment Management Inc., Vaughan Nelson Investment Management L.P. and Strs Ohio. 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 $10.67.
How big of a company is TEGNA?
TEGNA has a market capitalization of $2.31 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 (NYSE 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.
