NYSE:TGNA TEGNA Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding TEGNA Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $11.75 -0.11 (-0.93 %) (As of 09/25/2020 12:00 AM ET) Add Compare Share Today's Range$11.69Now: $11.75▼$11.8950-Day Range$11.53MA: $12.27▼$12.8652-Week Range$9.61Now: $11.75▼$18.31Volume810,220 shsAverage Volume2.56 million shsMarket Capitalization$2.57 billionP/E Ratio10.88Dividend Yield2.36%Beta1.3 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingTEGNA has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.17, TEGNA has a forecasted upside of 29.1% from its current price of $11.75.Amount of Analyst CoverageTEGNA has only been the subject of 2 research reports in the past 90 days. Previous Next 2.4 Community Rank Outperform VotesTEGNA has received 436 “outperform” votes. (Add your “outperform” vote.)Underperform VotesTEGNA has received 490 “underperform” votes. (Add your “underperform” vote.)Community SentimentTEGNA has received 52.92% “underperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend YieldTEGNA pays a meaningful dividend of 2.36%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTEGNA has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of TEGNA is 20.29%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, TEGNA will have a dividend payout ratio of 18.06% next year. This indicates that TEGNA will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TEGNA insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.48% of the stock of TEGNA is held by insiders.Percentage Held by Institutions92.38% of the stock of TEGNA is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for TEGNA are expected to decrease by -17.55% in the coming year, from $1.88 to $1.55 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TEGNA is 10.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.34.Price to Earnings Ratio vs. SectorThe P/E ratio of TEGNA is 10.88, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 53.00.Price to Earnings Growth RatioTEGNA has a PEG Ratio of 0.63. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioTEGNA has a P/B Ratio of 1.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.35 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Television broadcasting stations Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNYSE:TGNA Previous Symbol CUSIPN/A CIK39899 Webwww.tegna.com Phone703-873-6600Debt Debt-to-Equity Ratio2.45 Current Ratio2.25 Quick Ratio2.25Price-To-Earnings Trailing P/E Ratio10.88 Forward P/E Ratio6.25 P/E Growth0.63 Sales & Book Value Annual Sales$2.30 billion Price / Sales1.12 Cash Flow$1.88 per share Price / Cash Flow6.24 Book Value$7.33 per share Price / Book1.60Profitability EPS (Most Recent Fiscal Year)$1.38 Net Income$286.23 million Net Margins9.51% Return on Equity17.43% Return on Assets4.06%Miscellaneous Employees6,883 Outstanding Shares218,955,000Market Cap$2.57 billion Next Earnings Date11/5/2020 (Estimated) OptionableOptionable $11.75 -0.11 (-0.93 %) (As of 09/25/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive TGNA News and Ratings via Email Sign-up to receive the latest news and ratings for TGNA and its competitors with MarketBeat's FREE daily newsletter. TEGNA (NYSE:TGNA) Frequently Asked Questions How has TEGNA's stock been impacted by COVID-19 (Coronavirus)? 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. Since then, TGNA shares have decreased by 26.7% and is now trading at $11.75. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of TEGNA? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for TEGNA. When is TEGNA's next earnings date? TEGNA is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020. View our earnings forecast for TEGNA. How were TEGNA's earnings last quarter? TEGNA Inc. (NYSE:TGNA) issued its quarterly earnings data on Monday, August, 10th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.01. The company earned $577.60 million during the quarter, compared to the consensus estimate of $571.21 million. TEGNA had a return on equity of 17.43% and a net margin of 9.51%. TEGNA's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 EPS. View TEGNA's earnings history. How often does TEGNA pay dividends? What is the dividend yield for TEGNA? TEGNA declared a quarterly dividend on Thursday, July 23rd. Investors of record on Friday, September 4th will be given a dividend of $0.07 per share on Thursday, October 1st. This represents a $0.28 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Thursday, September 3rd. View TEGNA's dividend history. What price target have analysts set for TGNA? 6 analysts have issued 1 year price targets for TEGNA's stock. Their forecasts range from $12.00 to $21.00. On average, they expect TEGNA's share price to reach $15.17 in the next twelve months. This suggests a possible upside of 29.1% from the stock's current price. View analysts' price targets for TEGNA. Are investors shorting TEGNA? TEGNA saw a decline in short interest in August. As of August 14th, there was short interest totaling 5,330,000 shares, a decline of 14.6% from the July 30th total of 6,240,000 shares. Based on an average trading volume of 1,830,000 shares, the days-to-cover ratio is currently 2.9 days. View TEGNA's Short Interest. Who are some of TEGNA's key competitors? Some companies that are related to TEGNA include Liberty Media Formula One Series C (FWONK), Liberty Media Formula One Series B (FWONB), Liberty Media Formula One Series A (FWONA), Nexstar Media Group (NXST), Grupo Televisa SAB (TV), PROSIEBENSAT 1/ADR (PBSFY), Sinclair Broadcast Group (SBGI), Gray Television (GTN), Gray Television (GTN.A), Central European Media Enterprises (CETV), Television Francaise 1 (TVFCF), E. W. Scripps (SSP), Liberty Braves Group Series A (BATRA), Entravision Communication (EVC) and Phoenix New Media (FENG). View all 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), Pfizer (PFE), Procter & Gamble (PG), Walmart (WMT), AbbVie (ABBV), Alphabet (GOOG), NVIDIA (NVDA), QUALCOMM (QCOM), Starbucks (SBUX) and AT&T (T). Who are TEGNA's key executives? TEGNA's management team includes the following 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) What is TEGNA's stock symbol? TEGNA trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGNA." Who are TEGNA's major shareholders? TEGNA's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.10%), New South Capital Management Inc. (4.02%), LSV Asset Management (3.82%), Macquarie Group Ltd. (1.84%), FMR LLC (1.83%) and Bank of New York Mellon Corp (1.80%). View institutional ownership trends for TEGNA. Which institutional investors are selling TEGNA stock? TGNA stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., State of Michigan Retirement System, AQR Capital Management LLC, TIG Advisors LLC, Vanguard Group Inc., FMR LLC, Schonfeld Strategic Advisors LLC, and Grantham Mayo Van Otterloo & Co. LLC. View insider buying and selling activity for TEGNA. Which institutional investors are buying TEGNA stock? TGNA stock was purchased by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., LSV Asset Management, Victory Capital Management Inc., Cove Street Capital LLC, State of Wisconsin Investment Board, Marshall Wace North America L.P., Nuveen Asset Management LLC, and Bank of America Corp DE. View insider buying and selling activity 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 $11.75. How big of a company is TEGNA? TEGNA has a market capitalization of $2.57 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 6,883 workers across the globe. What is TEGNA's official website? The official website for TEGNA is www.tegna.com. How can I contact TEGNA? 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] This page was last updated on 9/26/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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