TEGNA Stock Forecast, Price & News

3 Wall Street 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 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 saw a increase in short interest in the month of May. As of May 28th, there was short interest totaling 6,960,000 shares, an increase of 23.6% from the May 13th total of 5,630,000 shares. Based on an average daily volume of 1,470,000 shares, the days-to-cover ratio is presently 4.7 days. Currently, 3.2% of the shares of the stock are short sold.
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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 Inc. (NYSE:TGNA) posted its earnings results on Monday, May, 10th. The company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. The firm had revenue of $727.05 million for the quarter, compared to analyst estimates of $713.59 million. TEGNA had a net margin of 17.08% and a trailing twelve-month return on equity of 27.57%. The company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
View TEGNA's earnings history.

TEGNA's stock was trading at $16.02 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TGNA shares have increased by 17.4% and is now trading at $18.81.
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TEGNA announced a quarterly dividend on Monday, March 29th. Stockholders of record on Friday, June 4th will be paid a dividend of $0.095 per share on Thursday, July 1st. This represents a $0.38 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, June 3rd. This is a positive change from TEGNA's previous quarterly dividend of $0.07.
View TEGNA's dividend history.

TEGNA pays an annual dividend of $0.38 per share and currently has a dividend yield of 2.03%. 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 EPS 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 Wall Street analysts have issued twelve-month target prices 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 6.3% 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 (FWONK), Formula One Group (FWONA), Formula One Group (FWONB), 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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.88%), Boston Partners (4.19%), New South Capital Management Inc. (4.02%), LSV Asset Management (3.59%), Dimensional Fund Advisors LP (2.88%) and Goldman Sachs Group Inc. (2.31%).
View institutional ownership trends for TEGNA.

TGNA stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Northern Trust Corp, Vaughan Nelson Investment Management L.P., Quinn Opportunity Partners LLC, Cove Street Capital LLC, Millennium Management LLC, Gamco Investors INC. ET AL, and Foundry Partners LLC.
View insider buying and selling activity for TEGNA or view top insider-selling stocks.

TGNA stock was bought by a variety of institutional investors in the last quarter, including Boston Partners, Arrowstreet Capital Limited Partnership, BlackRock Inc., Renaissance Technologies LLC, AQR Capital Management LLC, Bank of Montreal Can, Brandywine Global Investment Management LLC, and Haverford Trust Co..
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 $18.81.

TEGNA has a market capitalization of $4.15 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]