TEGNA (TGNA) Scheduled to Post Earnings on Wednesday

TEGNA (NYSE:TGNA) will be announcing 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. Individual that wish to register for the company’s earnings conference call can do so using this link.

TEGNA (NYSE:TGNA) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). TEGNA had a return on equity of 12.41% and a net margin of 16.38%. The firm had revenue of $725.80 million for the quarter, compared to analyst estimates of $750.78 million. During the same period last year, the company earned $0.98 EPS. The company’s revenue was down 20.9% compared to the same quarter last year. 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 3.9 %

NYSE TGNA opened at $14.72 on Tuesday. The company has a market cap of $2.59 billion, a PE ratio of 6.51 and a beta of 0.50. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.14. TEGNA has a 12 month low of $13.18 and a 12 month high of $17.37. The stock has a 50 day moving average of $14.15 and a 200-day moving average of $14.83.

TEGNA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were paid a $0.114 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Thursday, March 7th. TEGNA’s dividend payout ratio (DPR) is presently 20.35%.

Analysts Set New Price Targets

Several research analysts have weighed in on TGNA shares. Benchmark reduced their target price on TEGNA from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Wells Fargo & Company reduced their target price on TEGNA from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, February 9th. 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 report on Friday, March 1st.

Insider Activity

In other news, CEO David T. Lougee sold 43,750 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $14.70, for a total transaction of $643,125.00. Following the completion of the sale, the chief executive officer now owns 725,651 shares in the company, valued at $10,667,069.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.88% of the company’s stock.

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.