News articles about TEGNA (NYSE:TGNA) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TEGNA earned a news impact score of 0.16 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.8893431044399 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of analysts have recently issued reports on TGNA shares. Barclays reissued an “underweight” rating on shares of TEGNA in a research report on Monday, March 5th. Zacks Investment Research raised shares of TEGNA from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Tuesday, March 6th. B. Riley reduced their price target on shares of TEGNA from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, March 20th. Royal Bank of Canada reissued a “hold” rating and issued a $14.00 price target on shares of TEGNA in a research report on Tuesday, April 3rd. Finally, Guggenheim set a $16.00 price target on shares of TEGNA and gave the stock a “buy” rating in a research report on Thursday, April 12th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $15.08.
TEGNA traded up $0.02, hitting $10.86, during midday trading on Tuesday, according to MarketBeat.com. 74,420 shares of the company’s stock traded hands, compared to its average volume of 3,283,772. The firm has a market cap of $2.34 billion, a PE ratio of 10.06, a PEG ratio of 0.44 and a beta of 1.66. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.86 and a current ratio of 1.86. TEGNA has a one year low of $10.00 and a one year high of $15.60.
TEGNA (NYSE:TGNA) last issued its quarterly earnings data on Tuesday, May 8th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $502.10 million for the quarter, compared to analyst estimates of $497.35 million. TEGNA had a net margin of 23.56% and a return on equity of 27.89%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. sell-side analysts anticipate that TEGNA will post 1.72 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 2nd. Shareholders of record on Friday, June 8th were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, June 7th. This represents a $0.28 annualized dividend and a yield of 2.58%. TEGNA’s dividend payout ratio (DPR) is presently 25.93%.
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.
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