TEGNA (TGNA) Scheduled to Post Earnings on Thursday

TEGNA (NYSE:TGNA - Get Free Report) will be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect TEGNA to post earnings of $0.83 per share for the quarter. TEGNA has set its Q3 2024 guidance at EPS.Persons that are interested in participating in the company's earnings conference call can do so using this link.

TEGNA (NYSE:TGNA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. TEGNA had a net margin of 15.51% and a return on equity of 11.57%. The business had revenue of $710.36 million for the quarter, compared to analyst estimates of $715.40 million. During the same period in the previous year, the business posted $0.44 earnings per share. The business's revenue was down 2.9% compared to the same quarter last year. On average, analysts expect TEGNA to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TEGNA Stock Performance

Shares of TEGNA stock traded down $0.24 on Thursday, reaching $16.44. 1,451,206 shares of the stock were exchanged, compared to its average volume of 2,232,276. TEGNA has a 1-year low of $12.35 and a 1-year high of $17.08. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 1.10. The business has a fifty day moving average price of $15.14 and a two-hundred day moving average price of $14.61. The firm has a market capitalization of $2.79 billion, a PE ratio of 5.83 and a beta of 0.50.

Analyst Ratings Changes

Separately, Benchmark reiterated a "buy" rating and set a $21.00 price target on shares of TEGNA in a research note on Thursday, August 8th.

Insider Transactions at TEGNA

In related news, COO Lynn B. Trelstad sold 25,000 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $13.88, for a total transaction of $347,000.00. Following the sale, the chief operating officer now owns 179,617 shares of the company's stock, valued at approximately $2,493,083.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 50,016 shares of company stock worth $757,218 over the last ninety days. 0.88% of the stock is currently owned by company insiders.

About TEGNA

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.