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 Ratio9.56
Forward P/E Ratio6.53
P/E Growth0.45
Sales & Book Value
Annual Sales$1.90 billion
Price / Sales1.27
Cash Flow$1.7372 per share
Price / Cash6.47
Book Value$4.62 per share
Price / Book2.43
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
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 given a dividend of $0.07 per share on Monday, July 2nd. This represents a $0.28 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, June 7th. View TEGNA's Dividend History.
How will TEGNA's stock buyback program work?
TEGNA announced that its board has approved a share repurchase plan on Wednesday, September 20th 2017, which allows the company to buyback $300,000,000.00 in outstanding 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 plans are often an indication that the company's board of directors believes its shares are undervalued.
How were TEGNA's earnings last quarter?
TEGNA Inc. (NYSE:TGNA) announced its quarterly earnings data on Tuesday, May, 8th. The company reported $0.33 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.30 by $0.03. The company had revenue of $502.10 million for the quarter, compared to analysts' expectations of $497.35 million. TEGNA had a return on equity of 27.89% and a net margin of 23.56%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. View TEGNA's Earnings History.
When is TEGNA's next earnings date?
What price target have analysts set for TGNA?
11 Wall Street analysts have issued twelve-month price targets for TEGNA's stock. Their predictions range from $11.00 to $19.00. On average, they anticipate TEGNA's stock price to reach $15.0909 in the next twelve months. 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. 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 TEGNA's key competitors?
Some companies that are related to TEGNA include Liberty Media Formula One Series C (FWONK), Liberty Media Formula One Series A (FWONA), Liberty Media Formula One Series B (FWONB), 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 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?
News coverage about TGNA stock has been trending somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. TEGNA earned a news sentiment score of 0.16 on Accern's scale. They also gave media headlines about the company an impact score of 46.07 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are TEGNA's major shareholders?
TEGNA's stock is owned by a variety of of retail and institutional investors. Top institutional investors 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 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 institutional investors are selling TEGNA 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 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 institutional investors are buying TEGNA stock?
TGNA stock was purchased 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 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 $11.24.
How big of a company is TEGNA?
TEGNA has a market capitalization of $2.41 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 (TGNA)
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.
