NYSE:TGNA - TEGNA Stock Price, Price Target & More

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$10.80 -0.07 (-0.64 %)
(As of 07/20/2018 04:00 PM ET)
Previous Close$10.80
Today's Range$10.66 - $10.91
52-Week Range$10.00 - $15.60
Volume1.78 million shs
Average Volume3.33 million shs
Market Capitalization$2.34 billion
P/E Ratio10.00
Dividend Yield2.58%
Beta1.66
TEGNA logoTEGNA 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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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 Ratio3.08
Current Ratio1.86
Quick Ratio1.86

Price-To-Earnings

Trailing P/E Ratio10.00
Forward P/E Ratio6.28
P/E Growth0.44

Sales & Book Value

Annual Sales$1.90 billion
Price / Sales1.22
Cash Flow$1.7170 per share
Price / Cash6.29
Book Value$4.62 per share
Price / Book2.34

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
Market Cap$2,344.44

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. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Thursday, June 7th. View TEGNA's Dividend History.

How will TEGNA's stock buyback program work?

TEGNA declared that its board has approved a stock buyback program on Wednesday, September 20th 2017, which authorizes the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 11.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

How were TEGNA's earnings last quarter?

TEGNA Inc. (NYSE:TGNA) announced its quarterly earnings results on Tuesday, May, 8th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 23.56% and a return on equity of 27.89%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. View TEGNA's Earnings History.

When is TEGNA's next earnings date?

TEGNA is scheduled to release their next quarterly earnings announcement on Tuesday, August, 7th 2018. View Earnings Estimates for TEGNA.

What price target have analysts set for TGNA?

11 analysts have issued 12 month target prices for TEGNA's stock. Their forecasts range from $11.00 to $19.00. On average, they expect TEGNA's share price to reach $15.0909 in the next year. This suggests a possible upside of 39.7% from the stock's current price. View Analyst Ratings for TEGNA.

What is the consensus analysts' recommendation for TEGNA?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

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 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. 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." (7/9/2018)
  • 2. 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)

Are investors shorting TEGNA?

TEGNA saw a increase in short interest in 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. Approximately 6.6% of the company's shares are sold short. View TEGNA's Current Options Chain.

Who are some of TEGNA's key competitors?

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?

Press coverage about TGNA stock has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring 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 nearest to one being the most favorable. TEGNA earned a media sentiment score of 0.04 on Accern's scale. They also gave media coverage about the company an impact score of 47.00 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Who are TEGNA's major shareholders?

TEGNA's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Foundry Partners LLC (0.32%), Palo Capital Inc. (0.11%), Personal Resources Investment & Strategic Management Inc. (0.11%), Bank of Montreal Can (0.06%), Municipal Employees Retirement System of Michigan (0.02%) and Nisa Investment Advisors LLC (0.02%). 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 Palo Capital Inc., Nisa Investment Advisors LLC, Municipal Employees Retirement System of Michigan, Amalgamated Bank and Reliance Trust Co. of Delaware. 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 acquired by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Bank of Montreal Can, Personal Resources Investment & Strategic Management Inc., Oakbrook Investments LLC, Xact Kapitalforvaltning AB and Fox Run Management L.L.C.. 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 $10.80.

How big of a company is TEGNA?

TEGNA has a market capitalization of $2.34 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)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  299 (Vote Outperform)
Underperform Votes:  378 (Vote Underperform)
Total Votes:  677
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 7/21/2018 by MarketBeat.com Staff

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