Insights Into TEGNA Inc.’s (TGNA) Insider Activity

The stock of TEGNA Inc. (NYSE:TGNA) increased by remained unchanged at $20.53, up 0.39 percent. The last five days have seen an average of 1,567,460 shares of common stock traded. 31 times new highs were reached in the current year, with a gain of $6.58. The average number of shares traded over the last 20 days was 1,555,735, while the average volume over the last 50 days totaled 1,692,252.

TGNA stock dropped -4.51% since last month. On 10/19/21, the company’s shares reached a one-month low of $19.46. The stock touched a high of $22.09 on 09/23/21, after rallying from a low of $11.77 in 52 weeks. The price of TGNA stock has risen by 47.17% or $6.58 this year, reaching a new high 31 times. Still, the stock price is down -7.06% from the 52-week high.

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Valuation Metrics

TEGNA Inc. (TGNA) has a trailing price-to-earnings (P/E) ratio of 7.61. This level actually compares favorably with the industry at large, as the PE for the Broadcasting industry stands at about 26.26. Further, its PE also compares favorably with the Communication Services sector’s trailing 12 months PE ratio, which comes in at 30.57 right now. The PE ratio of TEGNA Inc. has varied between 30.70 and 4.150 in the last five years. Beta for the stock is 1.18. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.44, the price-to-book (PB) ratio of 2.01, and the price-to-cash flow ratio of 7.90.

TEGNA Inc.’s dividend is $0.38 per share per year. With a dividend yield of 1.85%, TGNA has a payout ratio of 10.40%. On Oct. 1, the company paid $0.0950 per share in dividends, remained unchanged from $0.0950 last year. A $0.0250 dividend increase was reported on Monday March 29 2021, making it the 1 consecutive year the dividend has increased. Over the last three years, dividends have increased by -20.00%.

For the three months ended June 29, TEGNA Inc.’s quick ratio was 2.20, while its current ratio was 2.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.53, and the total debt to equity ratio is 1.53. As far as profitability goes, gross margin for the trailing twelve months is 49.90% percent. TEGNA Inc.’s EBITDA margin for the year ended June 29 was 34.08%, whereas its operating margin stood at 32.00% for the same period. Based on annual data, it had gross profit of $1.43 billion and revenue of $2.94 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TGNA’s return on assets (ROA) during the last 12 months has been 8.70%. There was a 12.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 28.90%. ROE has averaged 4.77 in the past year for the broader industry.

Earnings Surprise

According to TEGNA Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $732.91 million, while revenues rose by 6.65% to $727.05 million. It was predicted that TEGNA Inc.’s quarterly earnings would be $0.5, but it ended up being $0.49, beating the consensus by 2.00%. EBITDA was $217.13 million for the quarter. At the end of TEGNA Inc.’s most recent quarter ended June 29, its liabilities totaled 4.58 billion, while its total debt was $3.61 billion. Equity owned by shareholders amounts to $221.09 million.

Technical Picture

Here’s a quick look at TEGNA Inc.’s (TGNA) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 63.89%, suggesting the stock is Neutral, with a 19.56% historical volatility rate.

The stochastic %K and %D were 74.29% and 58.26% respectively, while the average true range (ATR) was 0.53. Based on the 14-day stochastic reading of 76.43%, the RSI (14) reading is 61.00%. On the 9-day MACD Oscillator, the stock is at 0.50, and the 14-day reading is at 0.55.

Analyst Ratings

TEGNA Inc. (NYSE: TGNA) was downgraded by Barrington Research to a a Mkt perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned TEGNA Inc. (TGNA) an Overweight rating. TGNA is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 7 others recommend it as a buy.

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

The current consensus forecast for the stock is between $20.00 and $24.00, with a median target price of $23.00. In analyzing these forecasts, the average price target given by analysts for TEGNA Inc. (TGNA) is $22.43.


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