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S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
The How and Why of Investing in Gold Stocks
Workhorse Group Is Ready To Get Back On The Horse 
A Rounded Bottom In Draftkings, Inc Begins To Reverse Course
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
Trump says he took the Fifth in NY civil investigation
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
126% Average Gains While Stocks Crash (Ad)pixel
S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
The How and Why of Investing in Gold Stocks
Workhorse Group Is Ready To Get Back On The Horse 
A Rounded Bottom In Draftkings, Inc Begins To Reverse Course
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
Trump says he took the Fifth in NY civil investigation
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
126% Average Gains While Stocks Crash (Ad)pixel
S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
The How and Why of Investing in Gold Stocks
Workhorse Group Is Ready To Get Back On The Horse 
A Rounded Bottom In Draftkings, Inc Begins To Reverse Course
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
Trump says he took the Fifth in NY civil investigation
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
126% Average Gains While Stocks Crash (Ad)pixel
NYSE:TGNA

TEGNA - TGNA Stock Forecast, Price & News

$21.42
+0.23 (+1.09%)
(As of 08/10/2022 12:00 AM ET)
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Compare
Today's Range
$21.29
$21.59
50-Day Range
$19.56
$21.99
52-Week Range
$16.42
$23.04
Volume
1.29 million shs
Average Volume
2.29 million shs
Market Capitalization
$4.77 billion
P/E Ratio
9.56
Dividend Yield
1.79%
Price Target
$23.50

TEGNA MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
9.7% Upside
$23.50 Price Target
Short Interest
Healthy
4.54% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.06mentions of TEGNA in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-25.81%
From $3.10 to $2.30 Per Share

Overall MarketRank

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

1.70 out of 5 stars

Consumer Discretionary Sector

212th out of 287 stocks

Television Broadcasting Stations Industry

9th out of 15 stocks

TGNA stock logo

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.

TEGNA Stock Up 1.1 %

NYSE:TGNA traded up $0.23 during trading hours on Wednesday, hitting $21.42. The company's stock had a trading volume of 1,289,464 shares, compared to its average volume of 2,294,966. The stock has a fifty day moving average of $20.85 and a 200-day moving average of $21.44. The stock has a market capitalization of $4.77 billion, a P/E ratio of 9.58 and a beta of 0.81. TEGNA has a 52-week low of $16.42 and a 52-week high of $23.04. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.17.

TEGNA (NYSE:TGNA - Get Rating) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). The firm had revenue of $784.90 million for the quarter, compared to analysts' expectations of $800.78 million. TEGNA had a return on equity of 20.19% and a net margin of 16.41%. 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 business posted $0.50 EPS. On average, equities analysts forecast that TEGNA will post 3.1 earnings per share for the current year.

TEGNA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 9th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Thursday, September 8th. TEGNA's payout ratio is 16.96%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TGNA. Wells Fargo & Company downgraded TEGNA from an "overweight" rating to an "equal weight" rating and lifted their price target for the company from $23.00 to $24.00 in a report on Wednesday, May 4th. StockNews.com upgraded TEGNA from a "hold" rating to a "buy" rating in a research note on Tuesday. Huber Research upgraded TEGNA from an "underweight" rating to an "overweight" rating in a research report on Monday, June 6th. Finally, Argus cut TEGNA from a "buy" rating to a "hold" rating in a report on Wednesday, April 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $23.50.

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TGNA Stock News Headlines

TEGNA (NYSE:TGNA) Stock Rating Upgraded by StockNews.com
TEGNA (NYSE:TGNA) Lifted to Buy at StockNews.com
TEGNA Inc. Reports Second Quarter 2022 Results
TEGNA Inc. (TGNA) Q2 Earnings Surpass Estimates
TEGNA (TGNA) Scheduled to Post Quarterly Earnings on Monday
StockNews.com Downgrades TEGNA (NYSE:TGNA) to Hold
See More Headlines
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TGNA Company Calendar

Ex-Dividend for 7/1 Dividend
6/02/2022
Dividend Payable
7/01/2022
Last Earnings
8/08/2022
Today
8/11/2022
Ex-Dividend for 10/3 Dividend
9/08/2022
Dividend Payable
10/03/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
N/A
Employees
6,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$23.50
High Stock Price Forecast
$24.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
+9.7%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$476.95 million
Pretax Margin
21.20%

Debt

Sales & Book Value

Annual Sales
$2.99 billion
Cash Flow
$2.80 per share
Book Value
$11.39 per share

Miscellaneous

Free Float
220,713,000
Market Cap
$4.77 billion
Optionable
Optionable
Beta
0.81














TGNA Stock - Frequently Asked Questions

Should I buy or sell TEGNA stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 3 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?

4 brokerages have issued 12-month price objectives for TEGNA's stock. Their TGNA share price forecasts range from $23.00 to $24.00. On average, they expect the company's stock price to reach $23.50 in the next twelve months. This suggests a possible upside of 9.7% 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 beginning of 2022. Since then, TGNA shares have increased by 15.4% and is now trading at $21.42.
View the best growth stocks for 2022 here
.

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) posted its quarterly earnings results on Monday, August, 8th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by $0.03. The business earned $784.90 million during the quarter, compared to analyst estimates of $800.78 million. TEGNA had a trailing twelve-month return on equity of 20.19% and a net margin of 16.41%. The firm's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 EPS.

How often does TEGNA pay dividends? What is the dividend yield for TEGNA?

TEGNA announced a quarterly dividend on Friday, July 29th. Stockholders 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 yield of 1.77%. 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 1.79%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGNA will have a dividend payout ratio of 16.52% 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."

Who are TEGNA's major shareholders?

TEGNA's stock is owned by many different institutional and retail investors. Top institutional shareholders include Segantii Capital Management Ltd (2.35%), Alpine Associates Management Inc. (1.34%), Vaughan Nelson Investment Management L.P. (0.88%), Royce & Associates LP (0.79%), Pinnacle Associates Ltd. (0.57%) and Mutual of America Capital Management LLC (0.42%).
View institutional ownership trends
.

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 $21.42.

How much money does TEGNA make?

TEGNA (NYSE:TGNA) has a market capitalization of $4.77 billion and generates $2.99 billion in revenue each year. The company earns $476.95 million in net income (profit) each year or $2.24 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 8/11/2022 by MarketBeat.com Staff

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