TEGNA (TGNA) Earns News Impact Score of 0.14
Headlines about TEGNA (NYSE:TGNA) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TEGNA earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.1078056065626 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- TEGNA Partners with The Salvation Army, United Van Lines, Mayflower and Pilot … (boereport.com)
- TEGNA Partners with The Salvation Army, United Van … (tmcnet.com)
- TEGNA Partners with The Salvation Army, United Van Lines, Mayflower & Pilot Flying J to Send Emergency Supplies in the Wake o… (ih.advfn.com)
- TEGNA Partners with The Salvation Army, United Van Lines, Mayflower and Pilot Flying J to Send Emergency Supplies in the Wake of Hurricanes Harvey and Irma (finance.yahoo.com)
Shares of TEGNA (TGNA) opened at 12.26 on Friday. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 14.99 and a beta of 1.76. The company has a 50-day moving average price of $12.94 and a 200 day moving average price of $14.87. TEGNA has a one year low of $11.46 and a one year high of $17.06.
TEGNA (NYSE:TGNA) last posted its earnings results on Tuesday, August 1st. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. TEGNA had a return on equity of 20.51% and a net margin of 11.90%. The company had revenue of $489.36 million for the quarter, compared to the consensus estimate of $486.29 million. During the same quarter in the prior year, the company earned $0.50 earnings per share. TEGNA’s revenue was up 2.6% on a year-over-year basis. Equities research analysts expect that TEGNA will post $1.09 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, September 7th. TEGNA’s dividend payout ratio is 16.97%.
Several equities research analysts have recently issued reports on TGNA shares. ValuEngine lowered TEGNA from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research lowered TEGNA from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Benchmark Co. reissued a “buy” rating and issued a $20.00 price objective on shares of TEGNA in a report on Friday, June 16th. Wells Fargo & Company reissued an “outperform” rating and issued a $16.50 price objective on shares of TEGNA in a report on Thursday, June 1st. Finally, Noble Financial reissued a “buy” rating on shares of TEGNA in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $19.79.
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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