Media stories about TEGNA (NYSE:TGNA) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest 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 news coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Trading Lines in Review for Tegna Inc (TGNA) – Financial News Review (finnewsreview.com)
- TEGNA Inc. (TGNA) is at $14.66 per share and Thomson Reuters Corporation (TRI) is listed at $46.08 – Stocks Gallery (stocksgallery.com)
- $489.62 Million in Sales Expected for TEGNA Inc. (NYSE:TGNA) This Quarter (americanbankingnews.com)
- Analyzing with technical analysis: TEGNA Inc. (TGNA), Sprouts Farmers Market, Inc. (SFM) – AppsforPCdaily (appsforpcdaily.com)
Shares of TEGNA (NYSE TGNA) traded down 0.239% on Monday, hitting $14.625. 608,369 shares of the company were exchanged. The firm has a market cap of $3.14 billion, a P/E ratio of 7.808 and a beta of 1.74. TEGNA has a 52-week low of $14.03 and a 52-week high of $26.65. The company has a 50-day moving average price of $18.03 and a 200 day moving average price of $22.58.
TEGNA (NYSE:TGNA) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. TEGNA had a net margin of 12.25% and a return on equity of 19.16%. The firm had revenue of $778.50 million for the quarter, compared to analyst estimates of $799.54 million. During the same quarter last year, the firm posted $0.45 earnings per share. TEGNA’s revenue for the quarter was down .4% compared to the same quarter last year. Analysts predict that TEGNA will post $1.22 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Friday, June 9th were issued a $0.07 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $0.28 annualized dividend and a yield of 1.91%. TEGNA’s payout ratio is 14.97%.
Several equities analysts have recently weighed in on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $26.00 price target on shares of TEGNA in a research note on Monday, April 3rd. TheStreet raised shares of TEGNA from a “c” rating to a “b” rating in a research note on Thursday, March 30th. FBR & Co reduced their price target on shares of TEGNA from $30.00 to $29.00 and set an “outperform” rating on the stock in a research note on Friday, May 5th. ValuEngine downgraded shares of TEGNA from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $16.50 price target on shares of TEGNA in a research note on Thursday, June 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $23.31.
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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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