NYSE:TGNA

TEGNA - TGNA Stock Forecast, Price & News

$20.68

-0.88 (-4.08%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $20.65
▼
$21.52
50-Day Range: $20.68
▼
$21.94
52-Week Range: $17.94
▼
$23.04

Volume: 2.62 million shs
Average Volume: 894,017 shs
Market Capitalization: $4.61 billion

P/E Ratio: 8.80
Dividend Yield: 1.76%
Price Target: $24.00

TEGNA MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 16.1% Upside
$24.00 Price Target
Short Interest: Healthy
2.66% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -26.67%
From $3.00 to $2.20 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.05 out of 5 stars

Consumer Discretionary Sector

207th out of 282 stocks

Television Broadcasting Stations Industry

12th out of 14 stocks

2.2

Analyst's Opinion

Consensus Rating
TEGNA has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.00, TEGNA has a forecasted upside of 16.1% from its current price of $20.68.
Amount of Analyst Coverage
TEGNA has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.66% of the outstanding shares of TEGNA have been sold short.
Short Interest Ratio / Days to Cover
TEGNA has a short interest ratio ("days to cover") of 6.3.
Change versus previous month
Short interest in TEGNA has recently decreased by 11.08%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
TEGNA pays a meaningful dividend of 1.76%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
TEGNA has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of TEGNA is 16.17%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, TEGNA will have a dividend payout ratio of 17.27% next year. This indicates that TEGNA will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TGNA.

1.3

News and Social Media Coverage

News Sentiment
TEGNA has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 1 news article for TEGNA this week, compared to 3 articles on an average week.
MarketBeat Follows
Only 1 people have added TEGNA to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TEGNA insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.96% of the stock of TEGNA is held by insiders.
Percentage Held by Institutions
90.25% of the stock of TEGNA is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for TEGNA are expected to decrease by -26.67% in the coming year, from $3.00 to $2.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TEGNA is 8.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of TEGNA is 8.80, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 8.96.
Price to Book Value per Share Ratio
TEGNA has a P/B Ratio of 1.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About TEGNA (NYSE:TGNA) Stock

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.

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TGNA Stock News Headlines

September 29, 2022 | reuters.com

Regulator seeks more information related to Standard General's $5.4 bln Tegna deal - Reuters

September 24, 2022 | ft.com

'Bloodbath': Citrix buyout debt sale casts shadow over pending deals - Financial Times

September 21, 2022 | investors.com

IBD Screen Of The Day: Media And Storage Stocks Hit New Highs - Investor's Business Daily

September 21, 2022 | finance.yahoo.com

IBD Screen Of The Day: Media And Storage Stocks Hit New Highs

September 21, 2022 | washingtonpost.com

Poynter: Meet the 2022 Leadership Academy for Diversity in Media cohort - The Washington Post

September 13, 2022 | msn.com

Sen. Lindsey Graham proposes abortion ban on the federal level - msnNOW

September 12, 2022 | businesswire.com

TVB Holds First Hybrid Forward Conference for Thousands of Local TV Broadcasters, Media Agencies and Marketers - Business Wire

September 8, 2022 | nasdaq.com

TEGNA Inc. (TGNA) Up 0.2% Since Last Earnings Report: Can It Continue? - Nasdaq

September 7, 2022 | finance.yahoo.com

TEGNA Inc. (TGNA) Up 0.2% Since Last Earnings Report: Can It Continue?

September 2, 2022 | nbcnews.com

Patricia Highsmith's enigmatic love life and persona take center stage in new film - NBC News

August 17, 2022 | seekingalpha.com

Steeper cord-cutting likely to weigh on pay TV media - Wells Fargo (NASDAQ:FOX) - Seeking Alpha

August 16, 2022 | seekingalpha.com

TEGNA Stock: Merger Spread Is Too Wide (NYSE:TGNA) - Seeking Alpha

August 12, 2022 | businesswire.com

TEGNA Stations Receive Six National Edward R. Murrow Awards - Business Wire

August 10, 2022 | seekingalpha.com

TEGNA Non-GAAP EPS of $0.60, revenue of $784.88M - Seeking Alpha

August 9, 2022 | americanbankingnews.com

TEGNA (NYSE:TGNA) Lifted to Buy at StockNews.com

August 8, 2022 | businesswire.com

TEGNA Inc. Reports Second Quarter 2022 Results - Business Wire

August 8, 2022 | finance.yahoo.com

TEGNA Inc. Reports Second Quarter 2022 Results

August 8, 2022 | finance.yahoo.com

TEGNA Inc. (TGNA) Q2 Earnings Surpass Estimates

August 5, 2022 | seekingalpha.com

TEGNA Q2 2022 Earnings Preview (NYSE:TGNA) - Seeking Alpha

August 5, 2022 | nasdaq.com

E.W. Scripps (SSP) Q2 Earnings Beat Estimates - Nasdaq

July 20, 2022 | nasdaq.com

TEGNA Breaks Above 200-Day Moving Average - Bullish for TGNA - Nasdaq

July 14, 2022 | bloomberg.com

Fox Station Sale in Boston Triggers Fears of Pay-TV Rate Hikes - Bloomberg

July 8, 2022 | bloomberg.com

Tegna Deal Won't Lead to Newsroom Job Cuts, Standard General Tells FCC - Bloomberg

June 22, 2022 | businesswire.com

INSERTING and REPLACING TEGNA Shareholders Re-elect Board Members and Approve Say on Pay Proposal at Annual Meeting - Business Wire

June 17, 2022 | businesswire.com

TEGNA Named One of the Most Community-Minded Companies in the U.S. by The Civic 50 for Third Consecutive Year - Business Wire

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30 days | 90 days | 365 days | Advanced Chart

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TGNA Company Calendar

Last Earnings: 8/08/2022
Ex-Dividend for 10/3 Dividend: 9/08/2022
Today: 10/01/2022
Dividend Payable: 10/03/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Television broadcasting stations
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NYSE:TGNA
CUSIP: N/A
CIK: 39899
Web: www.tegna.com
Phone: 703-873-6600
Fax: 703-854-2053
Employees: 6,200
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $24.00
High Stock Price Forecast: $24.00
Low Stock Price Forecast: $24.00
Forecasted Upside/Downside: +16.1%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.35
Trailing P/E Ratio: 8.80
Forward P/E Ratio: 6.89
P/E Growth: N/A
Net Income: $476.95 million
Net Margins: 16.94%
Pretax Margin: 22.08%
Return on Equity: 20.18%
Return on Assets: 7.51%

Debt

Debt-to-Equity Ratio: 1.12
Current Ratio: 2.39
Quick Ratio: 2.39

Sales & Book Value

Annual Sales: $2.99 billion
Price / Sales: 1.54
Cash Flow: $2.66 per share
Price / Cash Flow: 7.77
Book Value: $11.39 per share
Price / Book: 1.82

Miscellaneous

Outstanding Shares: 223,110,000
Free Float: 220,969,000
Market Cap: $4.61 billion
Optionable: Optionable
Beta: 0.78

Key Executives

Mr. David T. Lougee (Age 59)
Pres, CEO & Director

Ms. Victoria Dux Harker (Age 53)
Exec. VP & CFO

Mr. Todd A. Mayman (Age 58)
Exec. VP, Chief Legal & Admin. Officer

Ms. Lynn Beall Trelstad (Age 57)
EVP & COO of Media Operations

Mr. Clifton A. McClelland III (Age 48)
Sr. VP, Principal Accounting Officer & Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TGNA Stock - Frequently Asked Questions

Should I buy or sell TEGNA stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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.
What is TEGNA's stock price forecast for 2022?: 3 equities research analysts have issued 1 year target prices for TEGNA's shares. Their TGNA share price forecasts range from $24.00 to $24.00. On average, they expect the company's stock price to reach $24.00 in the next year. This suggests a possible upside of 16.1% from the stock's current price.
View analysts price targets for TGNA or view top-rated stocks among Wall Street analysts.
How have TGNA shares performed in 2022?: TEGNA's stock was trading at $18.56 at the start of the year. Since then, TGNA shares have increased by 11.4% and is now trading at $20.68.
View the best growth stocks for 2022 here.
Are investors shorting TEGNA?: TEGNA saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 6,680,000 shares, a decline 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 short-interest ratio is currently 6.6 days.
View TEGNA's Short Interest.
When is TEGNA's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our TGNA earnings forecast.
How were TEGNA's earnings last quarter?: TEGNA Inc. (NYSE:TGNA) issued its earnings results on Monday, August, 8th. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.04. The company had revenue of $784.90 million for the quarter, compared to analyst estimates of $800.78 million. TEGNA had a trailing twelve-month return on equity of 20.18% and a net margin of 16.94%. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 earnings per share.
How often does TEGNA pay dividends? What is the dividend yield for TEGNA?: TEGNA announced a quarterly dividend on Friday, July 29th. Shareholders of record on Friday, September 9th will be paid a dividend of $0.095 per share on Monday, October 3rd. This represents a $0.38 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, September 8th.
Read our dividend analysis for TGNA.

Is TEGNA a good dividend stock?: 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.
What is Dave Lougee's approval rating as TEGNA's CEO?: 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.
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), Pfizer (PFE), Procter & Gamble (PG), Walmart (WMT), AbbVie (ABBV), Alphabet (GOOG), NVIDIA (NVDA), QUALCOMM (QCOM), AT&T (T) and Starbucks (SBUX).
What is TEGNA's stock symbol?: TEGNA trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGNA."
How do I buy shares of TEGNA?: 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.
Compare Top Brokerages Here.
What is TEGNA's stock price today?: One share of TGNA stock can currently be purchased for approximately $20.68.
How much money does TEGNA make?: TEGNA (NYSE:TGNA) has a market capitalization of $4.61 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.
How many employees does TEGNA have?: The company employs 6,200 workers across the globe.
How can I contact TEGNA?: 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.

This page (NYSE:TGNA) was last updated on 10/1/2022 by MarketBeat.com Staff

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TEGNA - TGNA Stock Forecast, Price & News

TEGNA MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month