TEGNA Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last twelve months. There are currently 1 sell rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TEGNA stock. 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.
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Wall Street analysts have given TEGNA a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but TEGNA wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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TEGNA is scheduled to release its next quarterly earnings announcement on Monday, August 9th 2021.
View our earnings forecast for TEGNA.

TEGNA will be holding an earnings conference call on Monday, August 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 719-457-0820 with passcode "9878379".

TEGNA Inc. (NYSE:TGNA) announced its quarterly earnings results on Monday, May, 10th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.52. The firm had revenue of $727.05 million for the quarter, compared to analysts' expectations of $713.59 million. TEGNA had a trailing twelve-month return on equity of 27.57% and a net margin of 17.08%. The firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 EPS.
View TEGNA's earnings history.

TEGNA's stock was trading at $16.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TGNA stock has increased by 10.6% and is now trading at $17.72.
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TEGNA announced a quarterly dividend on Friday, July 23rd. Investors of record on Friday, September 3rd will be given a dividend of $0.095 per share on Friday, October 1st. This represents a $0.38 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, September 2nd.
View TEGNA's dividend history.

TEGNA pays an annual dividend of $0.38 per share and currently has a dividend yield of 2.15%. TEGNA does not yet have a strong track record of dividend growth. The dividend payout ratio of TEGNA is 16.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TEGNA will have a dividend payout ratio of 13.29% next year. This indicates that TEGNA will be able to sustain or increase its dividend.
View TEGNA's dividend history.

TEGNA issued an update on its first quarter 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share guidance of 0.520-0.520 for the period, compared to the Thomson Reuters consensus estimate of $0.450. The company issued revenue guidance of $727 million-$727 million, compared to the consensus revenue estimate of $711.75 million.

3 brokerages have issued twelve-month price objectives for TEGNA's shares. Their forecasts range from $20.00 to $20.00. On average, they expect TEGNA's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price.
View analysts' price targets for TEGNA or view top-rated stocks among Wall Street analysts.

50 employees have rated TEGNA CEO Dave Lougee on Glassdoor.com. Dave Lougee has an approval rating of 80% among TEGNA's employees.

Some companies that are related to TEGNA include Formula One Group (FWONB), Formula One Group (FWONK), Formula One Group (FWONA), Grupo Televisa, S.A.B. (TV), Nexstar Media Group (NXST), ProSiebenSat.1 Media (PBSFY), Sinclair Broadcast Group (SBGI), Gray Television (GTN), Télévision Française 1 Société anonyme (TVFCF), Gray Television (GTN.A), The E.W. Scripps (SSP), Entravision Communications (EVC), Television Broadcasts (TVBCY), The Liberty Braves Group (BATRA) and Phoenix New Media (FENG).
View all of TGNA's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other TEGNA investors own include Gannett (GCI), Pfizer (PFE), The 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 institutional and retail investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (1.29%), Oregon Public Employees Retirement Fund (0.03%), Hillsdale Investment Management Inc. (0.03%), New Mexico Educational Retirement Board (0.02%), Brookstone Capital Management (0.01%) and Harel Insurance Investments & Financial Services Ltd. (0.00%).
View institutional ownership trends for TEGNA.

TGNA stock was sold by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., and Hillsdale Investment Management Inc..
View insider buying and selling activity for TEGNA or view top insider-selling stocks.

TGNA stock was acquired by a variety of institutional investors in the last quarter, including Brookstone Capital Management, New Mexico Educational Retirement Board, Oregon Public Employees Retirement Fund, and Harel Insurance Investments & Financial Services Ltd..
View insider buying and selling activity for TEGNA or or view top insider-buying stocks.

Shares of TGNA 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 $17.72.

TEGNA has a market capitalization of $3.91 billion and generates $2.94 billion in revenue each year. The company earns $482.78 million in net income (profit) each year or $2.30 on an earnings per share basis.

TEGNA employs 6,430 workers across the globe.

The official website for TEGNA is www.tegna.com.

TEGNA is headquartered at 8350 BROAD STREET SUITE 2000, TYSONS VA, 22102.

TEGNA's mailing address is 8350 BROAD STREET SUITE 2000, TYSONS VA, 22102. The company can be reached via phone at 703-873-6600 or via email at [email protected]