An Analysis Of TEGNA Inc. (TGNA)’s Weekly Performance

As of Friday close, TEGNA Inc.’s (NYSE:TGNA) stock was down -$0.18, moving down -0.84 percent to $21.20. The average number of shares traded per day over the past five days has been 1,176,460 shares. 4 times new highs have been achieved over the past 5 days, with a $0.26 gain in that time frame. In the last twenty days, the average volume was 912,130, while in the previous 50 days, it was 1,136,874.

Since last month, TGNA stock rose 5.26%. Shares of the company fell to $19.25 on 07/14/22, the lowest level in the past month. A 52-week high of $23.04 was reached on 03/01/22 after having rallying from a 52-week low of $16.42. Since the beginning of this year, TGNA’s stock price has risen by 14.22% or $2.64, and marked a new high 11 times. However, the stock has declined by -7.99% since its 52-week high.


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Valuation Metrics

Right now, TEGNA Inc. (TGNA) has a P/E ratio of about 9.48. The stock’s beta is 0.83. Besides these, the trailing price-to-sales (P/S) ratio of 1.56, the price-to-book (PB) ratio of 1.80, and the price-to-cash flow ratio of 9.50 may also be considered.

The latest dividend of $0.0950 per share was paid out, remained unchanged from last year’s $0.0950. On Monday March 29 2021, a $0.0250 dividend increase was announced.

Financial Health

In the three months ended March 30, TEGNA Inc.’s quick ratio stood at 2.00, while its current ratio was 2.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.17, and the total debt-to-equity ratio was 1.17. On the profitability front, the trailing twelve-month gross margin is 46.80% percent. In the year ended March 30, operating margins totaled 26.80%. Based on annual data, TGNA earned $1.39 billion in gross profit and brought in $2.99 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.60%. Return on equity (ROE) for the past 12 months was 20.30%.

In TEGNA Inc.’s quarter-end financial report for March 30, it reported total debt of $3.07 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TGNA’s revenue rose 6.08% to $774.65 million during the quarter, while net income inched up to $774.12 million. While analysts expected TEGNA Inc. to report $0.53 quarterly earnings, the actual figure was $0.59 per share, beating the consensus estimate by 11.30%. During the quarter, the company generated $239.44 million in EBITDA. The liabilities of TEGNA Inc. were 4.23 billion at the end of its most recent quarter ended March 30, and its total debt was $3.15 billion. The value of shareholders’ equity is $222.85 million.

Technical Picture

This quick technical analysis looks at TEGNA Inc.’s (TGNA) price momentum. With a historical volatility rate of 10.47%, the RSI 9-day stood at 60.98% on 05 August.

With respect to its five-day moving average, the current TEGNA Inc. price is up by +1.24% percent or $0.26. At present, TGNA shares trade +5.74% above its 20-day simple moving average and -5.15% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.05% above its SMA50 and +7.29% above its SMA200.

Stochastic coefficient K was 88.54% and Stochastic coefficient D was 91.15%, while ATR was 0.26. Given the Stochastic reading of 72.16% for the 14-day period, the RSI (14) reading has been calculated as 57.58%. As of today, the MACD Oscillator reading stands at 0.17, while the 14-day reading stands at 0.23.

Analyst Ratings

TEGNA Inc. downgraded its rating on TEGNA Inc. (NYSE: TGNA) to an Equal weight in a note to investors on May 05, 2022. The analysts firm previously had an Overweight rating on the stock.TEGNA Inc. (TGNA) has been rated Overweight by analysts. According to 0 brokerage firms, TGNA is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate TEGNA Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $24.00, the current consensus forecast for the stock is $24.00 – $24.00. Based on these forecasts, analysts predict TEGNA Inc. (TGNA) will achieve an average price target of $24.00.

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