TEGNA (NYSE:TGNA) Releases Quarterly Earnings Results

TEGNA (NYSE:TGNA) posted its quarterly earnings results on Thursday. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.04), Zacks reports. TEGNA had a net margin of 16.75% and a return on equity of 14.49%. TEGNA updated its Q1 2025 guidance to EPS.

TEGNA Trading Up 8.2 %

Shares of NYSE TGNA traded up $1.36 during midday trading on Thursday, hitting $17.99. The stock had a trading volume of 2,448,933 shares, compared to its average volume of 1,228,180. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.07. TEGNA has a 1-year low of $12.35 and a 1-year high of $19.62. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 6.36 and a beta of 0.52. The company has a fifty day moving average price of $18.16 and a 200 day moving average price of $16.87.

TEGNA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Friday, March 7th. TEGNA’s payout ratio is currently 17.67%.

Analysts Set New Price Targets

TGNA has been the subject of a number of research analyst reports. Guggenheim reissued a “buy” rating and issued a $22.00 target price on shares of TEGNA in a research report on Friday, January 24th. StockNews.com upgraded TEGNA from a “hold” rating to a “buy” rating in a research note on Friday, December 13th. Wells Fargo & Company upgraded shares of TEGNA from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $21.00 to $23.00 in a research report on Thursday, December 19th. Benchmark increased their price objective on shares of TEGNA from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. boosted their price target on TEGNA from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, TEGNA currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.75.

TEGNA Company Profile

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.