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
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 Ratio10.56
Forward P/E Ratio6.87
P/E Growth0.47
Sales & Book Value
Annual Sales$1.90 billion
Price / Sales1.34
Cash Flow$1.7733 per share
Price / Cash6.66
Book Value$4.62 per share
Price / Book2.56
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
GANNETT CO INC. Common Stock (NYSE:TGNA) Frequently Asked Questions
What is GANNETT CO INC. Common Stock's stock symbol?
GANNETT CO INC. Common Stock trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGNA."
How often does GANNETT CO INC. Common Stock pay dividends? What is the dividend yield for GANNETT CO INC. Common Stock?
GANNETT CO INC. Common Stock declared a quarterly dividend on Thursday, April 26th. Stockholders of record on Friday, June 8th will be given 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 2.39%. The ex-dividend date is Thursday, June 7th. View GANNETT CO INC. Common Stock's Dividend History.
How will GANNETT CO INC. Common Stock's stock buyback program work?
GANNETT CO INC. Common Stock declared that its board has authorized a share buyback program on Wednesday, September 20th 2017, which allows the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 11.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.
How were GANNETT CO INC. Common Stock's earnings last quarter?
GANNETT CO INC. Common Stock (NYSE:TGNA) posted its earnings results on Tuesday, May, 8th. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.30 by $0.03. The business earned $502.10 million during the quarter, compared to analyst estimates of $497.35 million. GANNETT CO INC. Common Stock had a net margin of 23.56% and a return on equity of 27.89%. The company's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. View GANNETT CO INC. Common Stock's Earnings History.
When is GANNETT CO INC. Common Stock's next earnings date?
What price target have analysts set for TGNA?
11 equities research analysts have issued 12 month target prices for GANNETT CO INC. Common Stock's stock. Their forecasts range from $11.00 to $19.00. On average, they expect GANNETT CO INC. Common Stock's stock price to reach $15.0909 in the next twelve months. View Analyst Ratings for GANNETT CO INC. Common Stock.
What are Wall Street analysts saying about GANNETT CO INC. Common Stock stock?
Here are some recent quotes from research analysts about GANNETT CO INC. Common Stock stock:
- 1. 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)
- 2. According to Zacks Investment Research, "TEGNA reported strong fourth-quarter 2017 results aided by the buyout of Midwest Television's broadcasting stations, sale of CareerBuilder and spin-off of Cars.com. Moreover, in the quarter under review, TEGNA reported a one-time deferred tax benefit of $221 million, from the new tax law passed. For first-quarter 2018, the company also expects total revenues (excluding the terminated digital business) to increase by 10-12% year over year driven by Olympics, Super Bowl and subscription revenue growth. However, TEGNA’s operation in a competitive broadcast TV industry remains a concern. The U.S. broadcast TV industry has long been grappling with declining advertising revenues and global economic volatility. In fact, in the past six months, the stock price soared 7.2% but failed to beat the industry’s gain of 25.3%." (3/13/2018)
Who are some of GANNETT CO INC. Common Stock's key competitors?
Some companies that are related to GANNETT CO INC. Common Stock include Liberty Media Formula One Series C (FWONK), Liberty Media Formula One Series B (FWONB), Liberty Media Formula One Series A (FWONA), PROSIEBENSAT 1/ADR (PBSFY), Nexstar Media Group (NXST), Tribune Company Common Stock (TRCO), Sinclair Broadcast Group (SBGI), TF1 Group (TVFCF), Gray Television (GTN), E. W. Scripps (SSP), Gray Television, Inc. Class A (GTN.A), Central European Media Enterprises (CETV), Entravision Communication (EVC), Phoenix New Media (FENG) and Liberty Braves Group Series A (BATRA).
Who are GANNETT CO INC. Common Stock's key executives?
GANNETT CO INC. Common Stock'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 GANNETT CO INC. Common Stock been receiving favorable news coverage?
Media headlines about TGNA stock have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. GANNETT CO INC. Common Stock earned a coverage optimism score of 0.03 on Accern's scale. They also assigned news coverage about the company an impact score of 45.62 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are GANNETT CO INC. Common Stock's major shareholders?
GANNETT CO INC. Common Stock's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.60%), New South Capital Management Inc. (6.24%), Diamond Hill Capital Management Inc. (4.52%), Schroder Investment Management Group (3.23%), LSV Asset Management (2.31%) and Victory Capital Management Inc. (2.11%). Company insiders that own GANNETT CO INC. Common Stock 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 GANNETT CO INC. Common Stock.
Which major investors are selling GANNETT CO INC. Common Stock stock?
TGNA stock was sold by a variety of institutional investors in the last quarter, including Artisan Partners Limited Partnership, Prudential Financial Inc., Schroder Investment Management Group, Dimensional Fund Advisors LP, Freestone Capital Holdings LLC, Hsbc Holdings PLC, Newport Trust Co and Diamond Hill Capital Management Inc.. Company insiders that have sold GANNETT CO INC. Common Stock 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 GANNETT CO INC. Common Stock.
Which major investors are buying GANNETT CO INC. Common Stock stock?
TGNA stock was acquired by a variety of institutional investors in the last quarter, including Private Management Group Inc., BlackRock Inc., Foundry Partners LLC, black and white Capital LP, KBC Group NV, A.R.T. Advisors LLC, LSV Asset Management and Guggenheim Capital LLC. View Insider Buying and Selling for GANNETT CO INC. Common Stock.
How do I buy shares of GANNETT CO INC. Common Stock?
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 GANNETT CO INC. Common Stock's stock price today?
One share of TGNA stock can currently be purchased for approximately $11.70.
How big of a company is GANNETT CO INC. Common Stock?
GANNETT CO INC. Common Stock has a market capitalization of $2.48 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. GANNETT CO INC. Common Stock employs 5,283 workers across the globe.
How can I contact GANNETT CO INC. Common Stock?
GANNETT CO INC. Common Stock'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 GANNETT CO INC. Common Stock (TGNA)
MarketBeat's community ratings are surveys of what our community members think about GANNETT CO INC. Common Stock 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.
