TEGNA - TGNA Stock Forecast, Price & News

3 Wall Street research 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 research 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.

3 equities research analysts have issued twelve-month price objectives for TEGNA's stock. Their TGNA share price forecasts range from $24.00 to $24.00. On average, they predict the company's stock price to reach $24.00 in the next twelve months. This suggests a possible upside of 19.3% from the stock's current price.
View analysts price targets for TGNA or view top-rated stocks among Wall Street analysts.

TEGNA's stock was trading at $18.56 at the beginning of 2022. Since then, TGNA shares have increased by 8.4% and is now trading at $20.12.
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TEGNA saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 5,470,000 shares, a decrease of 24.3% from the October 31st total of 7,230,000 shares. Based on an average daily volume of 1,360,000 shares, the days-to-cover ratio is presently 4.0 days.
View TEGNA's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our TGNA earnings forecast.

TEGNA Inc. (NYSE:TGNA) issued its quarterly earnings results on Thursday, November, 4th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.06. The business had revenue of $756 million for the quarter, compared to the consensus estimate of $746.88 million. TEGNA had a trailing twelve-month return on equity of 20.22% and a net margin of 17.26%. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share.

TEGNA declared a quarterly dividend on Friday, October 28th. Investors of record on Friday, December 9th will be given a dividend of $0.095 per share on Tuesday, January 3rd. This represents a $0.38 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, December 8th.
Read our dividend analysis for TGNA.

TEGNA (NYSE:TGNA) pays an annual dividend of $0.38 per share and currently has a dividend yield of 1.90%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGNA will have a dividend payout ratio of 18.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGNA.

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.

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).

TEGNA trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGNA."

TEGNA's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.53%), Vanguard Group Inc. (10.25%), State Street Corp (3.87%), Pentwater Capital Management LP (3.74%), Dimensional Fund Advisors LP (3.09%) and TIG Advisors LLC (2.79%).
View institutional ownership trends.

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.
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One share of TGNA stock can currently be purchased for approximately $20.12.

TEGNA (NYSE:TGNA) has a market capitalization of $4.49 billion and generates $2.99 billion in revenue each year. The company earns $476.95 million in net income (profit) each year or $2.42 on an earnings per share basis.

The company employs 6,200 workers across the globe.

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.