TEGNA - TGNA Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 12-month target prices for TEGNA's stock. Their TGNA share price forecasts range from $24.00 to $24.00. On average, they anticipate the company's stock price to reach $24.00 in the next twelve months. This suggests a possible upside of 22.2% from the stock's current price.
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TEGNA's stock was trading at $21.19 at the beginning of the year. Since then, TGNA shares have decreased by 7.3% and is now trading at $19.64.
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TEGNA saw a increase in short interest in December. As of December 30th, there was short interest totaling 6,790,000 shares, an increase of 44.2% from the December 15th total of 4,710,000 shares. Based on an average trading volume of 1,460,000 shares, the days-to-cover ratio is currently 4.7 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) announced its quarterly earnings data on Wednesday, November, 9th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by $0.07. The business earned $803.11 million during the quarter, compared to the consensus estimate of $842.80 million. TEGNA had a net margin of 17.26% and a trailing twelve-month return on equity of 20.22%.

TEGNA announced a quarterly dividend on Friday, October 28th. Shareholders 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 1.93%. The ex-dividend date of this dividend 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 1.93%. 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 many different retail and institutional investors. Top institutional shareholders include Calamos Advisors LLC (0.47%), Pinnacle Associates Ltd. (0.28%), Moody Aldrich Partners LLC (0.16%), New York State Teachers Retirement System (0.16%), Comerica Bank (0.05%) and Natixis Advisors L.P. (0.02%).
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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 $19.64.

TEGNA (NYSE:TGNA) has a market capitalization of $4.39 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.