News articles about Tegna (NYSE:TGNA) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tegna earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the company an impact score of 43.3747964182439 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
Tegna (NYSE TGNA) traded up $0.42 during trading hours on Wednesday, hitting $14.88. 3,160,664 shares of the company were exchanged, compared to its average volume of 2,724,157. The company has a debt-to-equity ratio of 4.30, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market cap of $3,210.00, a PE ratio of 9.60, a P/E/G ratio of 7.49 and a beta of 1.57. Tegna has a 1 year low of $11.59 and a 1 year high of $17.08.
Tegna (NYSE:TGNA) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The firm had revenue of $464.26 million during the quarter, compared to analysts’ expectations of $463.23 million. Tegna had a net margin of 11.10% and a return on equity of 20.50%. The firm’s quarterly revenue was down 10.7% on a year-over-year basis. During the same quarter last year, the company posted $0.65 EPS. equities analysts predict that Tegna will post 1.08 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.28 annualized dividend and a yield of 1.88%. Tegna’s dividend payout ratio is presently 18.06%.
Tegna declared that its Board of Directors has approved a stock buyback plan on Tuesday, September 19th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to reacquire up to 11.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
A number of brokerages have recently issued reports on TGNA. Zacks Investment Research downgraded shares of Tegna from a “hold” rating to a “sell” rating in a report on Wednesday. Wells Fargo & Co upgraded shares of Tegna from a “market perform” rating to an “outperform” rating and set a $19.00 price target for the company in a report on Thursday, January 4th. ValuEngine upgraded shares of Tegna from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Noble Financial restated a “buy” rating on shares of Tegna in a report on Tuesday, December 19th. Finally, B. Riley restated a “neutral” rating on shares of Tegna in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Tegna currently has an average rating of “Hold” and a consensus target price of $18.50.
In other Tegna news, SVP Clifton A. Mcclelland III sold 7,740 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $13.69, for a total value of $105,960.60. Following the completion of the transaction, the senior vice president now owns 32,335 shares of the company’s stock, valued at approximately $442,666.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Todd A. Mayman sold 36,830 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $12.63, for a total transaction of $465,162.90. Following the completion of the transaction, the executive vice president now directly owns 19,420 shares of the company’s stock, valued at approximately $245,274.60. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.
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Tegna Company Profile
Tegna Inc has a portfolio of media and digital businesses that provide content. The Company’s segments include TEGNA Media (Media) and TEGNA Digital (Digital). As of December 31, 2016, its media business included 46 television stations operating in 38 markets and offered television programming and digital content.
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