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NYSE:TGNATEGNA Stock Price, Forecast & News

$11.81
+0.09 (+0.77 %)
(As of 06/2/2020 04:00 PM ET)
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Today's Range
$11.61
Now: $11.81
$12.04
50-Day Range
$10.13
MA: $10.91
$12.25
52-Week Range
$9.61
Now: $11.81
$18.31
Volume1.30 million shs
Average Volume3.25 million shs
Market Capitalization$2.58 billion
P/E Ratio8.68
Dividend Yield2.37%
Beta1.32
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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TEGNA logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.70 out of 5 stars


Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryN/A
SectorConsumer Discretionary
CUSIPN/A
Phone703-873-6600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.30 billion
Cash Flow$1.91 per share
Book Value$7.33 per share

Profitability

Net Income$286.23 million

Miscellaneous

Employees6,883
Market Cap$2.58 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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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 26.3% and is now trading at $11.81. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of TEGNA?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TEGNA in the last year. There are currently 4 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 Tuesday, August 4th 2020. View our earnings forecast for TEGNA.

How were TEGNA's earnings last quarter?

TEGNA Inc. (NYSE:TGNA) posted its quarterly earnings data on Thursday, May, 7th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.43. The company earned $684.20 million during the quarter, compared to the consensus estimate of $684 million. TEGNA had a return on equity of 21.17% and a net margin of 12.10%. TEGNA's revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 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, April 30th. Investors of record on Friday, June 5th will be given a dividend of $0.07 per share on Wednesday, July 1st. This represents a $0.28 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Thursday, June 4th. View TEGNA's dividend history.

What guidance has TEGNA issued on next quarter's earnings?

TEGNA issued an update on its first quarter earnings guidance on Monday, April, 20th. The company provided earnings per share guidance of $0.43 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.39. The company issued revenue guidance of ~$684 million, compared to the consensus revenue estimate of $685.17 million.

What price target have analysts set for TGNA?

8 equities research analysts have issued 12 month target prices for TEGNA's stock. Their forecasts range from $12.00 to $21.00. On average, they expect TEGNA's share price to reach $15.88 in the next twelve months. This suggests a possible upside of 34.4% from the stock's current price. View analysts' price targets for TEGNA.

Has TEGNA been receiving favorable news coverage?

News coverage about TGNA stock has trended very negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. TEGNA earned a news sentiment score of -3.5 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutTEGNA.

Who are some of TEGNA's key 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), Metlife (MET), AT&T (T), Netflix (NFLX), Walt Disney (DIS), Alphabet (GOOG), Brighthouse Financial (BHF), Comcast (CMCSA), Discovery Communications (DISCA) and Gray Television (GTN).

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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.46%), State Street Corp (4.23%), New South Capital Management Inc. (3.97%), AQR Capital Management LLC (1.97%), Bank of New York Mellon Corp (1.76%) and Geode Capital Management LLC (1.55%). 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, Vaughan Nelson Investment Management L.P., State of Michigan Retirement System, APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., New South Capital Management Inc., and State Street Corp. View insider buying and selling activity for TEGNA.

Which major investors are buying TEGNA stock?

TGNA stock was acquired by a variety of institutional investors in the last quarter, including Canyon Capital Advisors LLC, TOMS Capital Investment Management LP, Nuveen Asset Management LLC, Quinn Opportunity Partners LLC, Deutsche Bank AG, Geode Capital Management LLC, Drexel Morgan & Co., and Thrivent Financial for Lutherans. 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 $11.81.

How big of a company is TEGNA?

TEGNA has a market capitalization of $2.58 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 6/2/2020 by MarketBeat.com Staff

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