Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Tegna (TGNA) Stock Price

Media coverage about Tegna (NYSE:TGNA) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tegna earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.4103787148421 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the headlines that may have impacted Accern’s scoring:

Tegna (NYSE:TGNA) opened at $12.54 on Friday. The stock has a market cap of $2,768.34, a PE ratio of 5.89, a P/E/G ratio of 6.08 and a beta of 1.55. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 3.02. Tegna has a 52-week low of $11.59 and a 52-week high of $16.88.

Tegna (NYSE:TGNA) last announced its quarterly earnings data on Thursday, March 1st. The company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The firm had revenue of $480.45 million during the quarter, compared to analysts’ expectations of $491.79 million. Tegna had a return on equity of 19.56% and a net margin of 20.74%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 EPS. analysts forecast that Tegna will post 1.71 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, March 8th. This represents a $0.28 annualized dividend and a yield of 2.23%. Tegna’s dividend payout ratio is currently 13.15%.

TGNA has been the topic of several research reports. Noble Financial reiterated a “buy” rating on shares of Tegna in a research report on Tuesday, December 19th. Zacks Investment Research upgraded shares of Tegna from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Friday, February 2nd. Benchmark reiterated a “buy” rating and set a $19.00 price target on shares of Tegna in a research report on Thursday, February 22nd. ValuEngine downgraded shares of Tegna from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Finally, Wells Fargo & Co upgraded shares of Tegna from a “market perform” rating to an “outperform” rating and set a $19.00 price target on the stock in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.63.

In other Tegna news, COO Lynn B. Trelstad sold 3,112 shares of the business’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $12.85, for a total transaction of $39,989.20. Following the completion of the sale, the chief operating officer now directly owns 24,152 shares of the company’s stock, valued at approximately $310,353.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.81% of the company’s stock.

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About Tegna

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.

Insider Buying and Selling by Quarter for Tegna (NYSE:TGNA)

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