Brokerages expect that Tegna Inc (NYSE:TGNA) will report earnings of $0.31 per share for the current quarter, according to Zacks. Six analysts have provided estimates for Tegna’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.35. Tegna reported earnings per share of $0.74 during the same quarter last year, which would suggest a negative year over year growth rate of 58.1%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, March 1st.

Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Tegna.

TGNA has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Tegna from a “sell” rating to a “hold” rating in a report on Saturday, January 20th. BidaskClub downgraded shares of Tegna from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th. ValuEngine upgraded shares of Tegna from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. FBR & Co restated a “hold” rating and set a $15.00 price target on shares of Tegna in a report on Wednesday, November 1st. Finally, Noble Financial restated a “buy” rating on shares of Tegna in a report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Tegna presently has an average rating of “Hold” and an average target price of $18.22.

Tegna (TGNA) traded up $0.10 during mid-day trading on Friday, reaching $14.07. 623,245 shares of the company’s stock were exchanged, compared to its average volume of 2,105,852. The firm has a market cap of $2,965.54, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 6.79 and a beta of 1.50. The company has a debt-to-equity ratio of 4.30, a quick ratio of 1.37 and a current ratio of 1.37. Tegna has a 12 month low of $11.59 and a 12 month high of $17.08.

In other Tegna news, SVP Clifton A. Mcclelland III sold 7,740 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $13.69, for a total value of $105,960.60. Following the completion of the transaction, the senior vice president now owns 32,335 shares of the company’s stock, valued at approximately $442,666.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.81% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new stake in shares of Tegna during the 4th quarter worth $104,000. Point72 Asset Management L.P. purchased a new stake in shares of Tegna during the 3rd quarter worth $110,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Tegna during the 4th quarter worth $129,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Tegna by 523.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,337 shares of the company’s stock worth $138,000 after purchasing an additional 8,678 shares during the last quarter. Finally, Conning Inc. purchased a new stake in shares of Tegna during the 4th quarter worth $147,000. 99.91% of the stock is owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Tegna (NYSE:TGNA)

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