Press coverage about TEGNA (NYSE:TGNA) has trended somewhat positive on Sunday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TEGNA earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.2274705135659 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Zacks: Brokerages Anticipate TEGNA Inc. (TGNA) Will Post Quarterly Sales of $487.61 Million (americanbankingnews.com)
- TEGNA Inc (NYSE:TGNA) Experiences Heavier than Usual Trading Volume - Modern Readers (modernreaders.com)
- TEGNA Inc. (NYSE:TGNA) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
- Dividend Stock to Note: TEGNA Inc. (TGNA)’s Yield stick at 3.68% - Voice Of Analysts (analystsbuzz.com)
- TEGNA, Inc. – Value Analysis (NYSE:TGNA) : August 5, 2017 (finance.yahoo.com)
TEGNA (NYSE:TGNA) traded up 0.38% during midday trading on Friday, reaching $13.37. The company’s stock had a trading volume of 2,475,816 shares. The firm has a market cap of $2.87 billion, a P/E ratio of 7.15 and a beta of 1.75. The firm has a 50 day moving average of $14.70 and a 200 day moving average of $21.43. TEGNA has a 52-week low of $13.25 and a 52-week high of $26.65.
TEGNA (NYSE:TGNA) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. The firm had revenue of $489.36 million during the quarter, compared to analysts’ expectations of $486.29 million. TEGNA had a return on equity of 17.14% and a net margin of 11.90%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 earnings per share. Analysts anticipate that TEGNA will post $1.20 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.28 annualized dividend and a dividend yield of 2.09%. TEGNA’s payout ratio is 16.97%.
Several equities analysts recently issued reports on TGNA shares. Benchmark Co. reiterated a “buy” rating and issued a $20.00 price objective on shares of TEGNA in a research report on Friday, June 16th. Zacks Investment Research lowered TEGNA from a “hold” rating to a “strong sell” rating in a research report on Monday, June 5th. FBR & Co lowered TEGNA from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $29.00 to $24.00 in a research report on Wednesday, May 10th. Barclays PLC reiterated an “underweight” rating and issued a $13.00 price objective (down from $20.00) on shares of TEGNA in a research report on Monday, June 5th. Finally, TheStreet lowered TEGNA from a “b” rating to a “c+” rating in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. TEGNA currently has a consensus rating of “Hold” and an average price target of $21.44.
TEGNA Company Profile
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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