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
Stock Exchange NYSE
Industry Television broadcasting stations
Sub-IndustryN/A
SectorConsumer Discretionary
Current SymbolNYSE:TGNA
Previous Symbol
CUSIPN/A
Phone703-854-7000
Debt
Debt-to-Equity Ratio2.48
Current Ratio1.47
Quick Ratio1.47
Price-To-Earnings
Trailing P/E Ratio11.88
Forward P/E Ratio7.50
P/E Growth0.37
Sales & Book Value
Annual Sales$1.90 billion
Price / Sales1.45
Cash Flow$1.7268 per share
Price / Cash7.43
Book Value$5.60 per share
Price / Book2.29
Profitability
EPS (Most Recent Fiscal Year)$1.08
Net Income$273.74 million
Net Margins26.46%
Return on Equity28.02%
Return on Assets5.97%
Miscellaneous
Employees5,283
Outstanding Shares215,300,000
Market Cap$2.76 billion
OptionableOptionable
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 Monday, October 29th. Shareholders of record on Friday, December 7th will be paid a dividend of $0.07 per share on Wednesday, January 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, December 6th. View TEGNA's Dividend History.
How will TEGNA's stock buyback program work?
TEGNA declared that its Board of Directors has authorized a share buyback plan on Wednesday, September 20th 2017, which authorizes the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 11.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its stock is undervalued.
How were TEGNA's earnings last quarter?
TEGNA Inc. (NYSE:TGNA) released its quarterly earnings results on Thursday, November, 8th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The company earned $539 million during the quarter, compared to analyst estimates of $537.68 million. TEGNA had a net margin of 26.46% and a return on equity of 28.02%. TEGNA's revenue for the quarter was up 16.1% on a year-over-year basis. During the same period last year, the company posted $0.23 earnings per share. View TEGNA's Earnings History.
When is TEGNA's next earnings date?
What price target have analysts set for TGNA?
10 brokerages have issued 1 year target prices for TEGNA's stock. Their forecasts range from $11.00 to $19.00. On average, they expect TEGNA's share price to reach $14.6364 in the next year. This suggests a possible upside of 14.1% 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 1 sell rating, 3 hold ratings and 6 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 benefits from higher paid-up subscribers, mainly OTT subscribers, and increased revenues from political ads. Additionally, ahead of the U.S. mid-term elections higher political advertising sales may lead to higher advertising revenues, which is a positive. Moreover, acquisition of the broadcasting stations of Midwest Television expands TEGNA’s U.S. television household reach by more than one million. Meanwhile, estimates have been stable lately ahead of the company's Q3 earnings release. The company also has positive record of earnings surprise in the recent quarters. However, the company operates in a competitive broadcast TV industry, which has long been grappling with declining advertising revenues. Cord-cutting also remains a significant threat. Moreover, shares have also underperformed the industry on a year-to-date basis." (11/16/2018)
- 2. Barrington Research analysts commented, "We are lowering our 2018-based price target by $3 to $15 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 2.6%) and share repurchases. TEGNA is focused on using its industry-leading position in broadcasting to establish and grow related programming and digital initiatives." (8/16/2018)
- 3. Benchmark Co. analysts commented, "We think forward guidance now looks conservative enough to potentially exceed, especially with political coming in as strong as we’ve seen across the industry, while our new 2019 forecast still only has 1% core growth embedded despite increasingly easy comparisons vs. large displacement. Total revenue of $524 million came in nearly $8 million ahead of the street as a modest miss in core was more than offset by almost $26 million in political and a nearly $4 million q/q increase in Subscription revenue. On AM&S, we note that we estimate underlying core was down ~6%, roughly in line with the peer group when taking into account incremental crowd-out, while the segment was also negatively impacted by further attrition in the remaining digital marketing services component." (8/8/2018)
Has TEGNA been receiving favorable news coverage?
Media coverage about TGNA stock has been trending very positive this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. TEGNA earned a daily sentiment score of 4.0 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
Who are some of TEGNA's key competitors?
Some companies that are related to TEGNA include Grupo Televisa SAB (TV), 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 (TRCO), Sinclair Broadcast Group (SBGI), Television Francaise 1 (TVFCF), Gray Television (GTN), Gray Television (GTN.A), Central European Media Enterprises (CETV), Entravision Communication (EVC), Liberty Braves Group Series A (BATRA) and Phoenix New Media (FENG).
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 retail and institutional investors. Top institutional investors include BlackRock Inc. (11.51%), Fairpointe Capital LLC (6.00%), New South Capital Management Inc. (5.23%), Diamond Hill Capital Management Inc. (4.07%), Schroder Investment Management Group (2.83%) and Victory Capital Management Inc. (2.30%). 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 major investors are selling TEGNA stock?
TGNA stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Panagora Asset Management Inc., New South Capital Management Inc., Alliancebernstein L.P., Prudential Financial Inc., First Trust Advisors LP, Schroder Investment Management Group 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 and Neal Shapiro. View Insider Buying and Selling for TEGNA.
Which major investors are buying TEGNA stock?
TGNA stock was purchased by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Smead Capital Management Inc., JPMorgan Chase & Co., JPMorgan Chase & Co., Deutsche Bank AG, BlackRock Inc., Man Group plc and Robeco Institutional Asset Management B.V.. 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 $12.83.
How big of a company is TEGNA?
TEGNA has a market capitalization of $2.76 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.
What is TEGNA's official website?
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)
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.
