TEGNA - TGNA Stock Forecast, Price & News

3 Wall Street 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 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 brokerages have issued twelve-month price targets for TEGNA's shares. Their TGNA share price forecasts range from $24.00 to $24.00. On average, they predict the company's share price to reach $24.00 in the next twelve months. This suggests a possible upside of 13.9% 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 stock has increased by 13.6% and is now trading at $21.08.
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TEGNA saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 6,680,000 shares, a decrease of 28.2% from the August 15th total of 9,300,000 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 6.6 days.
View TEGNA's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our TGNA earnings forecast.

TEGNA Inc. (NYSE:TGNA) announced its earnings results on Monday, August, 8th. The company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.04. The firm had revenue of $784.90 million for the quarter, compared to analysts' expectations of $800.78 million. TEGNA had a net margin of 16.94% and a trailing twelve-month return on equity of 20.18%. The company's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share.

TEGNA announced a quarterly dividend on Friday, July 29th. Investors of record on Friday, September 9th will be given a dividend of $0.095 per share on Monday, October 3rd. This represents a $0.38 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, September 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 1.76%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGNA will have a dividend payout ratio of 17.27% 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 State Street Corp (3.91%), Pentwater Capital Management LP (3.74%), TIG Advisors LLC (2.99%), Segantii Capital Management Ltd (2.35%), Northern Trust Corp (2.05%) and Goldman Sachs Group Inc. (1.44%).
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 $21.08.

TEGNA (NYSE:TGNA) has a market capitalization of $4.70 billion and generates $2.99 billion in revenue each year. The company earns $476.95 million in net income (profit) each year or $2.35 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.