TEGNA Inc. (NYSE:TGNA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

TEGNA Inc. (NYSE:TGNA) has been given an average recommendation of “Moderate Buy” by the five research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $19.75.

A number of equities analysts recently commented on TGNA shares. Weiss Ratings reissued a “buy (b-)” rating on shares of TEGNA in a research note on Saturday, September 27th. Guggenheim reissued a “neutral” rating and issued a $19.00 price objective on shares of TEGNA in a research note on Friday, August 22nd. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $22.00 price objective (up previously from $21.00) on shares of TEGNA in a research note on Sunday, August 10th.

Hedge Funds Weigh In On TEGNA

Several institutional investors and hedge funds have recently bought and sold shares of the company. Meritage Portfolio Management grew its holdings in TEGNA by 2.7% in the second quarter. Meritage Portfolio Management now owns 25,801 shares of the company’s stock worth $432,000 after purchasing an additional 688 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in TEGNA by 15.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,058 shares of the company’s stock worth $92,000 after purchasing an additional 694 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in TEGNA by 12.6% in the second quarter. Parkside Financial Bank & Trust now owns 6,295 shares of the company’s stock worth $106,000 after purchasing an additional 706 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in TEGNA by 2.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 36,978 shares of the company’s stock worth $620,000 after purchasing an additional 838 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in TEGNA by 26.0% in the first quarter. Blue Trust Inc. now owns 4,227 shares of the company’s stock worth $77,000 after purchasing an additional 873 shares during the last quarter. 92.19% of the stock is owned by hedge funds and other institutional investors.

TEGNA Stock Performance

TEGNA stock opened at $20.30 on Friday. The company has a market capitalization of $3.27 billion, a PE ratio of 7.30 and a beta of 0.25. The company has a 50 day moving average price of $20.05 and a 200-day moving average price of $17.94. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.47 and a current ratio of 1.47. TEGNA has a fifty-two week low of $14.87 and a fifty-two week high of $21.35.

TEGNA (NYSE:TGNA) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $675.05 million during the quarter, compared to the consensus estimate of $673.92 million. TEGNA had a net margin of 14.99% and a return on equity of 16.20%. TEGNA’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 earnings per share. TEGNA has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that TEGNA will post 3.02 earnings per share for the current year.

TEGNA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 5th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.50 dividend on an annualized basis and a yield of 2.5%. TEGNA’s payout ratio is 17.99%.

About TEGNA

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.