TEGNA (NYSE:TGNA) released its earnings results on Thursday. The company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27, Briefing.com reports. TEGNA had a net margin of 18.24% and a return on equity of 28.43%. The company had revenue of $551.86 million for the quarter, compared to analysts’ expectations of $540.52 million. During the same quarter last year, the business earned $0.40 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year.
TGNA traded down $0.38 during trading on Friday, reaching $15.10. 3,006,971 shares of the company traded hands, compared to its average volume of 2,269,862. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.94 and a current ratio of 1.94. TEGNA has a 12-month low of $10.24 and a 12-month high of $16.58. The firm has a fifty day simple moving average of $15.27 and a 200 day simple moving average of $15.25. The company has a market cap of $3.30 billion, a P/E ratio of 8.25, a PEG ratio of 1.26 and a beta of 1.44.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, December 5th. TEGNA’s dividend payout ratio (DPR) is currently 15.30%.
A number of research firms have commented on TGNA. Cannonball Research began coverage on shares of TEGNA in a research note on Wednesday, August 21st. They set a “neutral” rating and a $17.00 target price on the stock. Wells Fargo & Co began coverage on shares of TEGNA in a research note on Tuesday, September 24th. They set a “market perform” rating and a $17.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of TEGNA in a research note on Monday, October 28th. They set a “neutral” rating and a $18.00 target price on the stock. ValuEngine upgraded shares of TEGNA from a “strong sell” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Wolfe Research upgraded shares of TEGNA from a “market perform” rating to an “outperform” rating in a research note on Monday, August 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. TEGNA has a consensus rating of “Buy” and an average price target of $17.22.
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.
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.