News headlines about Tegna (NYSE:TGNA) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tegna earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.4649765319359 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
Shares of TGNA stock opened at $11.85 on Wednesday. Tegna has a 12-month low of $11.59 and a 12-month high of $16.83. The stock has a market cap of $2,707.98, a PE ratio of 5.56, a P/E/G ratio of 5.95 and a beta of 1.55. The company has a debt-to-equity ratio of 3.02, a quick ratio of 1.96 and a current ratio of 1.96.
Tegna (NYSE:TGNA) last released its quarterly earnings data on Thursday, March 1st. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Tegna had a net margin of 20.74% and a return on equity of 19.56%. The firm had revenue of $480.45 million during the quarter, compared to analysts’ expectations of $491.79 million. During the same period last year, the business earned $0.74 earnings per share. Tegna’s revenue was up 9.2% compared to the same quarter last year. analysts predict that Tegna will post 1.71 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, March 8th. Tegna’s payout ratio is currently 13.15%.
A number of equities research analysts have recently commented on the stock. B. Riley reduced their target price on shares of Tegna from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday. Zacks Investment Research cut shares of Tegna from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Noble Financial restated a “buy” rating on shares of Tegna in a research report on Friday, March 2nd. ValuEngine upgraded shares of Tegna from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Barclays restated an “underweight” rating on shares of Tegna in a research report on Monday, March 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Tegna presently has a consensus rating of “Hold” and an average target price of $15.67.
In other Tegna news, COO Lynn B. Trelstad sold 3,112 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $12.85, for a total transaction of $39,989.20. Following the completion of the transaction, the chief operating officer now owns 24,152 shares of the company’s stock, valued at $310,353.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Neal Shapiro sold 12,385 shares of the stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $12.57, for a total transaction of $155,679.45. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.
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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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