TEGNA (TGNA) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $18.57 to $18.85
• 50-Day Range: $15.01 to $19.33
• 52-Week Range: $12.35 to $19.62
• Volume: 406,089 shs
• Average Volume: 2.21 million shs
• Market Capitalization: $3.00 billion
• P/E Ratio: 6.59
• Dividend Yield: 2.68%
• Price Target: $19.00
• Consensus Rating: Hold

TEGNA Stock Analysis - MarketRank™

TEGNA scored higher than 42% of companies evaluated by MarketBeat, and ranked 207th out of 282 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

TEGNA has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

TEGNA has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -44.37%

Earnings Growth

Earnings for TEGNA are expected to decrease by -44.37% in the coming year, from $3.02 to $1.68 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of TEGNA is 6.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of TEGNA is 6.63, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.41.

Price to Book Value per Share Ratio

TEGNA has a P/B Ratio of 1.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.15% of the float of TEGNA has been sold short.

Short Interest Ratio / Days to Cover

TEGNA has a short interest ratio ("days to cover") of 4.5.

Change versus previous month

Short interest in TEGNA has recently decreased by 3.65%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

TEGNA pays a meaningful dividend of 2.66%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

TEGNA does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of TEGNA is 17.67%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, TEGNA will have a dividend payout ratio of 29.76% next year. This indicates that TEGNA will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.15% of the float of TEGNA has been sold short.

Short Interest Ratio / Days to Cover

TEGNA has a short interest ratio ("days to cover") of 4.5.

Change versus previous month

Short interest in TEGNA has recently decreased by 3.65%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.33

News Sentiment

TEGNA has a news sentiment score of 1.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.82 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for TEGNA this week, compared to 5 articles on an average week.

Search Interest

4 people have searched for TGNA on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, TEGNA insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $757,000.00 in company stock.

Percentage Held by Insiders

Only 0.88% of the stock of TEGNA is held by insiders.

Percentage Held by Institutions

92.19% of the stock of TEGNA is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TGNA Stock Analysis - Frequently Asked Questions

How have TGNA shares performed this year?

TEGNA's stock was trading at $15.30 on January 1st, 2024. Since then, TGNA shares have increased by 22.7% and is now trading at $18.77.
View the best growth stocks for 2024 here.

How were TEGNA's earnings last quarter?

TEGNA Inc. (NYSE:TGNA) released its quarterly earnings data on Thursday, November, 7th. The company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.11. The business's revenue was up 13.1% compared to the same quarter last year.

Who are TEGNA's major shareholders?

Top institutional investors of TEGNA include Pacer Advisors Inc. (6.53%), State Street Corp (5.09%), Geode Capital Management LLC (3.04%) and Royce & Associates LP (1.99%). Insiders that own company stock include David T Lougee, Lynn B Trelstad, Clifton A Mcclelland III and Catherine Dunleavy.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of TEGNA own?

Based on aggregate information from My MarketBeat watchlists, some other companies that TEGNA investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Ex-Dividend for 10/1 Dividend: 9/06/2024
• Dividend Payable: 10/01/2024
• Last Earnings: 11/07/2024
• Today: 12/03/2024
• Ex-Dividend for 1/2 Dividend: 12/06/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/02/2025
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Television broadcasting stations
• Sub-Industry: N/A
• Current Symbol: NYSE:TGNA
• CUSIP: N/A
• CIK: 39899
• Web: www.tegna.com
• Phone: 703-873-6600
• Fax: 703-854-2053
• Employees: 6,200
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $19.00
• High Stock Price Target: $23.00
• Low Stock Price Target: $15.00
• Potential Upside/Downside: +2.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.83
• Trailing P/E Ratio: 6.57
• Forward P/E Ratio: 6.16
• P/E Growth: N/A
• Net Income: $476.72 million
• Net Margins: 16.75%
• Pretax Margin: 21.91%
• Return on Equity: 14.49%
• Return on Assets: 5.70%

Debt

• Debt-to-Equity Ratio: 1.07
• Current Ratio: 2.60
• Quick Ratio: 2.60

Sales & Book Value

• Annual Sales: $2.91 billion
• Price / Sales: 1.03
• Cash Flow: $2.43 per share
• Price / Cash Flow: 7.64
• Book Value: $13.73 per share
• Price / Book: 1.35

Miscellaneous

• Outstanding Shares: 161,120,000
• Free Float: 159,704,000
• Market Cap: $3.00 billion
• Optionable: Optionable
• Beta: 0.52