Somewhat Positive Media Coverage Somewhat Unlikely to Impact TEGNA (TGNA) Stock Price

Media coverage about TEGNA (NYSE:TGNA) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TEGNA earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.2570958670405 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have effected Accern’s analysis:

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A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of TEGNA from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, March 6th. Barclays reaffirmed an “underweight” rating on shares of TEGNA in a research report on Monday, March 5th. ValuEngine lowered shares of TEGNA from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Guggenheim set a $16.00 target price on shares of TEGNA and gave the stock a “buy” rating in a research report on Thursday, April 12th. Finally, B. Riley decreased their price target on shares of TEGNA from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 20th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.56.

TGNA opened at $11.20 on Friday. TEGNA has a fifty-two week low of $10.46 and a fifty-two week high of $16.83. The company has a debt-to-equity ratio of 3.02, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market cap of $2,350.07, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 5.24 and a beta of 1.57.

TEGNA (NYSE:TGNA) last posted its quarterly earnings results on Thursday, March 1st. The company reported $0.32 earnings per share for the quarter, topping the Zacks’ 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 for the quarter, compared to the consensus estimate of $491.79 million. During the same quarter in the previous year, the company earned $0.74 earnings per share. The business’s revenue was up 9.2% compared to the same quarter last year. sell-side analysts anticipate that TEGNA will post 1.69 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 9th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.28 dividend on an annualized basis and a yield of 2.50%. TEGNA’s dividend payout ratio is currently 25.93%.

In other news, Director Neal Shapiro sold 12,385 shares of the business’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $12.57, for a total value of $155,679.45. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Lynn B. Trelstad sold 3,112 shares of the business’s stock in a transaction on 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 sale, the chief operating officer now owns 24,152 shares in the company, valued at approximately $310,353.20. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for TEGNA (NYSE:TGNA)

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