TEGNA (NYSE:TGNA - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $1.25 per share and revenue of $870.79 million for the quarter. Parties that wish to listen to the company's conference call can do so using this link.
TEGNA Price Performance
NYSE:TGNA traded down $0.34 during mid-day trading on Friday, reaching $17.81. 1,502,377 shares of the company were exchanged, compared to its average volume of 965,734. TEGNA has a 12 month low of $12.35 and a 12 month high of $19.62. The company has a fifty day moving average of $18.22 and a 200 day moving average of $16.81. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.07. The stock has a market cap of $2.87 billion, a PE ratio of 6.29 and a beta of 0.52.
TEGNA Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Friday, March 7th. TEGNA's dividend payout ratio is currently 17.67%.
Analyst Ratings Changes
TGNA has been the topic of a number of research analyst reports. StockNews.com raised shares of TEGNA from a "hold" rating to a "buy" rating in a report on Friday, December 13th. Wells Fargo & Company raised shares of TEGNA from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $21.00 to $23.00 in a research note on Thursday, December 19th. Benchmark raised their target price on shares of TEGNA from $21.00 to $23.00 and gave the company a "buy" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their target price on shares of TEGNA from $16.00 to $19.00 and gave the company a "neutral" rating in a research note on Tuesday, November 12th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $22.00 target price on shares of TEGNA in a research note on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, TEGNA has a consensus rating of "Moderate Buy" and a consensus target price of $21.75.
Read Our Latest Stock Analysis on TEGNA
TEGNA Company Profile
(
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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.
Further Reading
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