TEGNA (TGNA) Projected to Post Quarterly Earnings on Thursday

TEGNA (NYSE:TGNA) will likely be announcing its Q1 2025 earnings results before the market opens on Thursday, May 8th. Analysts expect TEGNA to post earnings of $0.34 per share and revenue of $677.24 million for the quarter.

TEGNA Stock Performance

Shares of TEGNA stock opened at $16.64 on Wednesday. The firm has a 50 day simple moving average of $17.09 and a 200 day simple moving average of $17.71. TEGNA has a fifty-two week low of $12.35 and a fifty-two week high of $19.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.60 and a quick ratio of 2.60. The firm has a market cap of $2.67 billion, a P/E ratio of 5.88 and a beta of 0.31.

TEGNA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.01%. TEGNA’s payout ratio is currently 14.12%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company lowered their price objective on TEGNA from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. StockNews.com cut shares of TEGNA from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Benchmark cut their price objective on shares of TEGNA from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Guggenheim lowered their target price on shares of TEGNA from $22.00 to $20.00 and set a “buy” rating for the company in a report on Friday, April 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, TEGNA currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

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.