TEGNA Inc. (TGNA): What Does Valuation Ratios Tell Us?

TEGNA Inc. (NYSE:TGNA) saw an upside of 0.82% to close Tuesday at $19.72 after adding $0.16 on the day. The 5-day average trading volume is 1,091,520 shares of the company’s common stock. It has gained $20.26 in the past week. An average of 2,618,350 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,610,596.

TGNA’s 1-month performance is 15.05% or $3.11 on its low of $16.66 reached on 09/13/21. The company’s shares have touched a 52-week low of $11.60 and high of $22.09, with the stock’s rally to the 52-week high happening on 09/23/21. YTD, TGNA has achieved 41.36% or $5.77. However, the current price is down -10.73%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 30.70 and a low of 4.150. TGNA stock has a beta of 1.19. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.41 while the price-to-book (PB) in the most recent quarter is 1.93, with the price to cash flow ratio at 7.70.

TEGNA Inc. pays an annual dividend of $0.38 per share. Its dividend yield is 1.93% and the payout ratio is 10.40%. TGNA’s most recent quarterly dividend payment was made on Oct. 1, when it paid $0.0950 a share compared with prior rate of $0.0950, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.0250 reported on Monday March 29 2021. Measured over the last 3 years, the Dividend has been growing by -20.00% yearly.

It is projected that TEGNA Inc.’s next ex-dividend date will be on 10-Dec. TGNA is expected to distribute $0.095 as its next dividend.

TEGNA Inc.’s quick ratio for the period ended June 29 was 2.20, with the current ratio over the same period at 2.20 meaning that TGNA stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.53, while the total debt to equity was 1.53. In terms of profitability, the gross margin trailing 12 months is 49.90%. The trailing 12-month EBITDA margin is 34.08% while for the period ending June 29; TEGNA Inc.’s operating margin was 32.00%. The firm’s gross profit as reported stood at $1.43 billion against revenue of $2.94 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected TGNA to announce $0.49 per share in earnings in its latest quarter, but it posted $0.5, representing a 2.00% surprise. EBITDA for the quarter stood at more than $217.13 million. TGNA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.58 billion, with total debt at $3.55 billion. Shareholders hold equity totaling $221.09 million

Technical Picture

Let’s look briefly at TEGNA Inc. (TGNA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 47.14% to suggest the stock is trending Neutral, with historical volatility in this time period at 35.92%.

The stock’s 5-day moving average is $19.76, reflecting a -1.99% or -$0.40 change from its current price. TGNA is currently trading +14.25% above its 20-day SMA, +3.03% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +12.36% and +47.72% respectively.

Stochastic %K and %D was 6.73% and 13.89% and the average true range (ATR) pointed at 0.54. The RSI (14) points at 51.93%, while the 14-day stochastic is at 8.85% with the period’s ATR at 0.57. The stock’s 9-day MACD Oscillator is pointing at -0.20 and -0.68 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for TEGNA Inc. (NYSE: TGNA), Barrington Research downgraded it to a Mkt perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for TGNA stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate TGNA as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 have offered a “buy” rating.

What is TGNA’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $20.00 and a high of $24.00, with their median price target at $23.00. Looking at these predictions, the average price target given by analysts is for TEGNA Inc. (TGNA) stock is $22.43.


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