TEGNA (NYSE:TGNA) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

TEGNA (NYSE:TGNA - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $1.21 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.04), Zacks reports. TEGNA had a return on equity of 14.49% and a net margin of 16.75%. The firm had revenue of $870.53 million during the quarter, compared to analyst estimates of $870.79 million. TEGNA updated its Q1 2025 guidance to EPS.

TEGNA Stock Down 2.5 %

Shares of NYSE TGNA traded down $0.45 during trading hours on Monday, hitting $17.75. The stock had a trading volume of 2,125,454 shares, compared to its average volume of 1,277,666. The firm's 50-day moving average price is $18.15 and its two-hundred day moving average price is $16.96. TEGNA has a 52 week low of $12.35 and a 52 week high of $19.62. The company has a market capitalization of $2.86 billion, a P/E ratio of 6.27 and a beta of 0.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.60 and a current ratio of 2.60.

TEGNA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, March 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.82%. TEGNA's dividend payout ratio is 17.67%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TGNA. Wells Fargo & Company upgraded TEGNA from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $21.00 to $23.00 in a report on Thursday, December 19th. Benchmark raised their price objective on TEGNA from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. StockNews.com cut TEGNA from a "buy" rating to a "hold" rating in a research note on Friday. JPMorgan Chase & Co. increased their price target on shares of TEGNA from $16.00 to $19.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 12th. Finally, Guggenheim reaffirmed a "buy" rating and set a $22.00 price objective on shares of TEGNA in a research report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $21.75.

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.