Headlines about TEGNA (NYSE:TGNA) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TEGNA earned a news impact score of 0.17 on Accern’s scale. Accern also gave headlines about the company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s rankings:
- See what the IHS Markit Score report has to say about Tegna Inc. (finance.yahoo.com)
- TEGNA Hires Adam Ostrow as Chief Digital Officer (finance.yahoo.com)
- Unusual Activity Spotted in Tegna Inc (TGNA) – Evergreen Caller (evergreencaller.com)
- TEGNA Inc (TGNA) Holdings Decreased by Pinnacle Associates Ltd – Highlight Press (highlightpress.com)
- TEGNA Inc (TGNA) Position Decreased by Pinnacle Associates Ltd Last Quarter – Modern Readers (modernreaders.com)
Several research firms recently weighed in on TGNA. FBR & Co cut their price objective on TEGNA from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Friday, May 5th. Wells Fargo & Company reissued an “outperform” rating and set a $16.50 price objective on shares of TEGNA in a research report on Thursday, June 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $16.00 price target on shares of TEGNA in a report on Thursday, June 1st. ValuEngine lowered TEGNA from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research lowered TEGNA from a “hold” rating to a “strong sell” rating in a research note on Monday, June 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $21.44.
Shares of TEGNA (NYSE TGNA) traded up 0.85% during trading on Friday, hitting $13.02. The stock had a trading volume of 1,676,583 shares. TEGNA has a 1-year low of $12.78 and a 1-year high of $26.65. The firm has a 50-day moving average of $14.36 and a 200 day moving average of $20.96. The company has a market capitalization of $2.80 billion, a P/E ratio of 15.92 and a beta of 1.75.
TEGNA (NYSE:TGNA) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. TEGNA had a net margin of 11.90% and a return on equity of 20.51%. The company had revenue of $489.36 million during the quarter, compared to analysts’ expectations of $486.29 million. During the same period last year, the company posted $0.50 EPS. TEGNA’s revenue was up 2.6% on a year-over-year basis. Equities research analysts predict that TEGNA will post $1.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.28 dividend on an annualized basis and a yield of 2.15%. TEGNA’s dividend payout ratio (DPR) is currently 16.97%.
Tegna Inc has a portfolio of media and digital businesses that provide content. The Company’s segments include TEGNA Media (Media) and TEGNA Digital (Digital). As of December 31, 2016, its media business included 46 television stations operating in 38 markets and offered television programming and digital content.
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