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TEGNA Stock Price, News & Analysis (NYSE:TGNA)

$15.74
+0.15 (+0.96 %)
(As of 10/20/2019 12:16 PM ET)
Today's Range
$15.54
Now: $15.74
$15.88
50-Day Range
$14.06
MA: $15.14
$16.12
52-Week Range
$10.24
Now: $15.74
$16.58
Volume839,507 shs
Average Volume1.51 million shs
Market Capitalization$3.41 billion
P/E Ratio8.60
Dividend Yield1.80%
Beta1.45
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. Read More…

Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryN/A
SectorConsumer Discretionary
CUSIPN/A
Phone703-854-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.21 billion
Cash Flow$2.26 per share
Book Value$6.23 per share

Profitability

Net Income$405.67 million

Miscellaneous

Employees5,336
Market Cap$3.41 billion
Next Earnings Date11/7/2019 (Confirmed)
OptionableOptionable

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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 Tuesday, July 23rd. Stockholders of record on Friday, September 6th will be paid a dividend of $0.07 per share on Tuesday, October 1st. This represents a $0.28 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, September 5th. View TEGNA's Dividend History.

How were TEGNA's earnings last quarter?

TEGNA Inc. (NYSE:TGNA) issued its earnings results on Tuesday, August, 6th. The company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.32 by $0.03. The company had revenue of $536.90 million for the quarter, compared to analyst estimates of $534.10 million. TEGNA had a net margin of 18.24% and a return on equity of 28.43%. The firm's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share. View TEGNA's Earnings History.

When is TEGNA's next earnings date?

TEGNA is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for TEGNA.

How can I listen to TEGNA's earnings call?

TEGNA will be holding an earnings conference call on Thursday, November 7th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for TGNA?

9 brokers have issued twelve-month target prices for TEGNA's stock. Their predictions range from $14.00 to $20.00. On average, they anticipate TEGNA's share price to reach $17.29 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price. View Analyst Price Targets for TEGNA.

What is the consensus analysts' recommendation for TEGNA?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. According to Zacks Investment Research, "TEGNA’s second-quarter 2019 revenues benefited from higher advertising and marketing services, and subscription revenues. The company witnessed growth in the services, banking and media ad categories that fully offset weakness in automotive. Moreover, a stable paying subscriber base and higher rates drove subscription revenues. Moreover, the company’s continued acquisition of local TV stations comprising the Big Four affiliates is likely to drive the top line and improve cash flow visibility in 2019 and beyond. Shares have outperformed the industry on a year-to-date basis. However, increasing programming fees are expected to drag margins down in the near term. Moreover, the company operates in a competitive broadcast TV industry, which has long been grappling with declining advertising revenues." (8/7/2019)
  • 2. Barrington Research analysts commented, "We are using a 2019-based price target of $17 for TGNA, assigning a 9x two-year-forward EV/EBITDA multiple reflecting the industry-leading positions in its broadcasting and related digital businesses. TEGNA is committed to returning capital to shareholders via a $0.28 annual dividend (yielding 1.9%) and share repurchases. TEGNA is focused on using its industry-leading position in broadcasting to establish and grow related programming and digital initiatives." (3/8/2019)

Has TEGNA been receiving favorable news coverage?

Press coverage about TGNA stock has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. TEGNA earned a coverage optimism score of 0.8 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for TEGNA.

Are investors shorting TEGNA?

TEGNA saw a increase in short interest during the month of September. As of September 30th, there was short interest totalling 12,860,000 shares, an increase of 8.8% from the August 30th total of 11,820,000 shares. Based on an average daily trading volume, of 2,160,000 shares, the short-interest ratio is currently 6.0 days. Approximately 6.0% of the shares of the company are sold short. View TEGNA's Current Options Chain.

Who are some of TEGNA's key competitors?

What other stocks do shareholders of TEGNA own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TEGNA investors own include Gannett (GCI), General Electric (GE), Verizon Communications (VZ), Intel (INTC), Starbucks (SBUX), Chevron (CVX), Procter & Gamble (PG), AT&T (T), Walmart (WMT) and eBay (EBAY).

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)

Who are TEGNA's major shareholders?

TEGNA's stock is owned by many different of retail and institutional investors. Top institutional investors include Robeco Institutional Asset Management B.V. (0.23%), Bowling Portfolio Management LLC (0.06%), Assenagon Asset Management S.A. (0.06%), Pacer Advisors Inc. (0.04%), Nisa Investment Advisors LLC (0.03%) and Envestnet Asset Management Inc. (0.02%). Company insiders that own TEGNA stock include Clifton A Mcclelland III, Lynn B Trelstad, Neal Shapiro and Todd A Mayman. 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 Assenagon Asset Management S.A., Meeder Asset Management Inc., Robeco Institutional Asset Management B.V., Cerebellum GP LLC, Cerebellum GP LLC, Pacer Advisors Inc., Envestnet Asset Management Inc. and Bowling Portfolio Management LLC. View Insider Buying and Selling for TEGNA.

Which institutional investors are buying TEGNA stock?

TGNA stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, North Star Investment Management Corp., Nisa Investment Advisors LLC, Atlantic Union Bankshares Corp and Zurcher Kantonalbank Zurich Cantonalbank . 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, Robinhood, Fidelity and Charles Schwab.

What is TEGNA's stock price today?

One share of TGNA stock can currently be purchased for approximately $15.74.

How big of a company is TEGNA?

TEGNA has a market capitalization of $3.41 billion and generates $2.21 billion in revenue each year. The company earns $405.67 million in net income (profit) each year or $1.83 on an earnings per share basis. TEGNA employs 5,336 workers across the globe.View Additional Information About TEGNA.

What is TEGNA's official website?

The official website for TEGNA is http://www.tegna.com/.

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:  2.3 out of 5 (star star)
Outperform Votes:  385 (Vote Outperform)
Underperform Votes:  451 (Vote Underperform)
Total Votes:  836
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 10/20/2019 by MarketBeat.com Staff

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