TEGNA (TGNA) Scheduled to Post Quarterly Earnings on Wednesday

TEGNA (NYSE:TGNA) will be issuing its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

TEGNA (NYSE:TGNA) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The firm had revenue of $725.80 million for the quarter, compared to analysts’ expectations of $750.78 million. TEGNA had a return on equity of 12.41% and a net margin of 16.38%. The firm’s quarterly revenue was down 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. On average, analysts expect TEGNA to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TEGNA Trading Up 0.1 %

NYSE TGNA opened at $14.17 on Monday. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average price of $14.13 and a 200 day moving average price of $14.82. TEGNA has a 52-week low of $13.18 and a 52-week high of $17.37. The stock has a market capitalization of $2.50 billion, a P/E ratio of 6.27 and a beta of 0.50.

TEGNA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were issued a dividend of $0.114 per share. This represents a $0.46 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Thursday, March 7th. TEGNA’s dividend payout ratio is presently 20.35%.

Wall Street Analyst Weigh In

TGNA has been the subject of several recent analyst reports. Benchmark reduced their price objective on shares of TEGNA from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, March 1st. JPMorgan Chase & Co. lowered their price objective on shares of TEGNA from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 1st. Finally, Wells Fargo & Company lowered their price target on shares of TEGNA from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, February 9th.

Insider Buying and Selling at TEGNA

In other TEGNA news, CEO David T. Lougee sold 43,750 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $14.70, for a total value of $643,125.00. Following the completion of the transaction, the chief executive officer now directly owns 725,651 shares in the company, valued at approximately $10,667,069.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.88% of the stock is owned by insiders.

About TEGNA

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.