In the latest session, TEGNA Inc. (NYSE: TGNA) closed at $15.32 down -0.45% from its previous closing price of $15.39. In other words, the price has decreased by -$0.07 from its previous closing price. On the day, 1999077 shares were traded. TGNA stock price reached its highest trading level at $15.35 during the session, while it also had its lowest trading level at $15.14.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
Ratios:
For a deeper understanding of TEGNA Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.35. For the most recent quarter (mrq), Quick Ratio is recorded 3.30 and its Current Ratio is at 3.30. In the meantime, Its Debt-to-Equity ratio is 1.00 whereas as Long-Term Debt/Eq ratio is at 1.00.
Upgrades & Downgrades
Valuation Measures:
As of this moment, TEGNA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.46, and their Forward P/E ratio for the next fiscal year is 4.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10 while its Price-to-Book (P/B) ratio in mrq is 1.12.
Stock Price History:
Over the past 52 weeks, TGNA has reached a high of $22.74, while it has fallen to a 52-week low of $15.09. The 50-Day Moving Average of the stock is 19.38, while the 200-Day Moving Average is calculated to be 20.40.
Shares Statistics:
For the past three months, TGNA has traded an average of 2.21M shares per day and 2.03M over the past ten days. A total of 224.24M shares are outstanding, with a floating share count of 221.58M. Insiders hold about 0.91% of the company’s shares, while institutions hold 91.00% stake in the company. Shares short for TGNA as of Jan 12, 2023 were 6.97M with a Short Ratio of 5.02M, compared to 4.71M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.12% and a Short% of Float of 4.05%.
Dividends & Splits
According to the company, the forward annual dividend rate for TGNA is 0.38, from 0.28 in the trailing year. Against a Trailing Annual Dividend Yield of 1.82%, it implies a Forward Annual Dividend Yield of 1.88%. The stock’s 5-year Average Dividend Yield is 2.00. The current Payout Ratio is 13.50% for TGNA, which recently paid a dividend on Apr 02, 2023 with an ex-dividend date of Dec 07, 2022. Stock splits for the company last occurred on May 31, 2017 when the company split stock in a 15625:10000 ratio.
Earnings Estimates
There are 4 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.07 for the current quarter, with a high estimate of $1.17 and a low estimate of $0.91, while EPS last year was $0.57. The consensus estimate for the next quarter is $0.57, with high estimates of $0.57 and low estimates of $0.57.
Analysts are recommending an EPS of between $3.05 and $2.75 for the fiscal current year, implying an average EPS of $2.94. EPS for the following year is $2.13, with 5 analysts recommending between $2.4 and $1.93.
Revenue Estimates
A total of 3 analysts believe the company’s revenue will be $963.23M this quarter.It ranges from a high estimate of $983M to a low estimate of $951M. As of the current estimate, TEGNA Inc.’s year-ago sales were $774.65M, an estimated increase of 24.30% from the year-ago figure.
A total of 2 analysts have provided revenue estimates for TGNA’s current fiscal year. The highest revenue estimate was $3.32B, while the lowest revenue estimate was $3.31B, resulting in an average revenue estimate of $3.32B. In the same quarter a year ago, actual revenue was $2.99B, up 10.80% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $3.13B in the next fiscal year. The high estimate is $3.2B and the low estimate is $3.07B. The average revenue growth estimate for next year is down -5.70% from the average revenue estimate for this year.
