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MU   59.00 (+0.00%)
AMD   57.27 (+0.00%)
BAC   34.85 (+0.00%)
GOOGL   1,516.99 (+0.00%)
MU   59.00 (+0.00%)
AMD   57.27 (+0.00%)
BAC   34.85 (+0.00%)
GOOGL   1,516.99 (+0.00%)
MU   59.00 (+0.00%)
AMD   57.27 (+0.00%)
BAC   34.85 (+0.00%)
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NYSE:TGNA - TEGNA Stock Price, Forecast & News

$16.99
-0.09 (-0.53 %)
(As of 02/21/2020 09:32 AM ET)
Today's Range
$16.99
Now: $16.99
$17.00
50-Day Range
$16.30
MA: $17.15
$18.06
52-Week Range
$12.26
Now: $16.99
$18.30
Volume349 shs
Average Volume2.30 million shs
Market Capitalization$3.69 billion
P/E Ratio12.97
Dividend Yield1.62%
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$2.30 billion
Cash Flow$1.87 per share
Book Value$6.23 per share

Profitability

Net Income$286.23 million

Miscellaneous

Employees5,336
Market Cap$3.69 billion
Next Earnings Date5/14/2020 (Estimated)
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 announced a quarterly dividend on Thursday, February 20th. Stockholders of record on Friday, March 6th will be given a dividend of $0.07 per share on Wednesday, April 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, March 5th. View TEGNA's Dividend History.

How were TEGNA's earnings last quarter?

TEGNA Inc. (NYSE:TGNA) posted its quarterly earnings data on Tuesday, February, 11th. The company reported $0.47 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.43 by $0.04. The business earned $693.90 million during the quarter, compared to analyst estimates of $690.01 million. TEGNA had a return on equity of 20.43% and a net margin of 12.45%. The business's revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.74 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, May 14th 2020. View Earnings Estimates for TEGNA.

What guidance has TEGNA issued on next quarter's earnings?

TEGNA issued an update on its FY 2019 After-Hours earnings guidance on Thursday, January, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.294-2.299 billion, compared to the consensus revenue estimate of $2.28 billion.

What price target have analysts set for TGNA?

10 equities research analysts have issued 1-year price objectives for TEGNA's stock. Their forecasts range from $17.00 to $22.00. On average, they expect TEGNA's stock price to reach $19.00 in the next year. This suggests a possible upside of 11.8% from the stock's current price. View Analyst Price Targets for TEGNA.

What is the consensus analysts' recommendation for TEGNA?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 3 hold ratings and 7 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 shares have outperformed its industry in the past year. The company is expected to benefit from growth in services, banking and media ad categories. Additionally, a stable paying subscriber base and higher rates are anticipated to drive subscription revenues. Moreover, the company’s continued acquisitions of local TV stations that comprise the Big Four affiliates are likely to aid the top line and improve cash flow visibility in 2020. 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 battling declining advertising revenues." (1/3/2020)
  • 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?

News headlines about TGNA stock have been trending negative on Friday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. TEGNA earned a coverage optimism score of -2.3 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for TEGNA.

Are investors shorting TEGNA?

TEGNA saw a decline in short interest during the month of January. As of January 31st, there was short interest totalling 13,060,000 shares, a decline of 9.3% from the January 15th total of 14,400,000 shares. Based on an average trading volume of 1,770,000 shares, the days-to-cover ratio is presently 7.4 days. Approximately 6.0% of the company's shares 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), AT&T (T), Netflix (NFLX), Metlife (MET), Walt Disney (DIS), Alphabet (GOOG), Verizon Communications (VZ), Starbucks (SBUX), Las Vegas Sands (LVS) and Twitter (TWTR).

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 institutional and retail investors. Top institutional investors include State Street Corp (4.58%), New South Capital Management Inc. (4.44%), AQR Capital Management LLC (3.40%), LSV Asset Management (3.21%), Ariel Investments LLC (2.92%) and FMR LLC (2.17%). Company insiders that own TEGNA stock include Lynn B Trelstad and Neal Shapiro. View Institutional Ownership Trends for TEGNA.

Which major investors are selling TEGNA stock?

TGNA stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, AQR Capital Management LLC, Bank of New York Mellon Corp, Man Group plc, Schroder Investment Management Group, Robeco Institutional Asset Management B.V., Martingale Asset Management L P and Cove Street Capital LLC. View Insider Buying and Selling for TEGNA.

Which major investors are buying TEGNA stock?

TGNA stock was acquired by a variety of institutional investors in the last quarter, including State of Michigan Retirement System, FMR LLC, California Public Employees Retirement System, Barrow Hanley Mewhinney & Strauss LLC, W.E. Donoghue & Co. LLC, Prudential Financial Inc., Schonfeld Strategic Advisors LLC and Banco Bilbao Vizcaya Argentaria S.A.. 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 $16.99.

How big of a company is TEGNA?

TEGNA has a market capitalization of $3.69 billion and generates $2.30 billion in revenue each year. The company earns $286.23 million in net income (profit) each year or $1.38 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:  2.4 out of 5 (star star)
Outperform Votes:  418 (Vote Outperform)
Underperform Votes:  468 (Vote Underperform)
Total Votes:  886
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 2/21/2020 by MarketBeat.com Staff

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