TEGNA (NYSE:TGNA – Get Free Report) will announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
TEGNA (NYSE:TGNA – Get Free Report) last announced its earnings results on Thursday, February 29th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04). TEGNA had a return on equity of 12.41% and a net margin of 16.38%. The company had revenue of $725.80 million during the quarter, compared to analysts’ expectations of $750.78 million. During the same quarter last year, the firm posted $0.98 earnings per share. The firm’s revenue was down 20.9% on a year-over-year basis. On average, analysts expect TEGNA to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.
TEGNA Trading Up 0.1 %
Shares of TGNA stock opened at $14.17 on Monday. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.14. The firm has a market cap of $2.50 billion, a P/E ratio of 6.27 and a beta of 0.50. The business has a 50-day moving average price of $14.13 and a two-hundred day moving average price of $14.82. TEGNA has a 12-month low of $13.18 and a 12-month high of $17.37.
TEGNA Announces Dividend
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of TEGNA from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, February 9th. Benchmark reduced their price target on TEGNA from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Finally, JPMorgan Chase & Co. reduced their target price on TEGNA from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 1st.
Insider Transactions at TEGNA
In other news, CEO David T. Lougee sold 43,750 shares of TEGNA stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $14.70, for a total transaction of $643,125.00. Following the transaction, the chief executive officer now directly owns 725,651 shares of the company’s stock, valued at approximately $10,667,069.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.88% of the company’s stock.
TEGNA Company Profile
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.
See Also
- Five stocks we like better than TEGNA
- Financial Services Stocks Investing
- MarketBeat Week in Review – 4/29 – 5/3
- What is a Bond Market Holiday? How to Invest and Trade
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for TEGNA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TEGNA and related companies with MarketBeat.com's FREE daily email newsletter.