In the latest session, TEGNA Inc (NYSE: TGNA) closed at $14.34 up 0.35% from its previous closing price of $14.29. In other words, the price has increased by $+0.05 from its previous closing price. On the day, 3074470 shares were traded.
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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 6.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.74. For the most recent quarter (mrq), Quick Ratio is recorded 2.48 and its Current Ratio is at 2.48. In the meantime, Its Debt-to-Equity ratio is 1.17 whereas as Long-Term Debt/Eq ratio is at 1.16.
On May 05, 2022, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight but kept the price unchanged to $24.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 15 ’24 when Fisher Newberg Lauren sold 8,477 shares for $15.00 per share. The transaction valued at 127,155 led to the insider holds 1 shares of the business.
Lougee David T sold 150,000 shares of TGNA for $2,281,500 on Feb 05 ’24. The President and CEO now owns 636,262 shares after completing the transaction at $15.21 per share. On Nov 30 ’23, another insider, Lougee David T, who serves as the President and CEO of the company, sold 100,000 shares for $15.38 each. As a result, the insider received 1,538,000 and left with 786,262 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TGNA now has a Market Capitalization of 2.53B and an Enterprise Value of 5.31B. As of this moment, TEGNA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.33, and their Forward P/E ratio for the next fiscal year is 6.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.87 while its Price-to-Book (P/B) ratio in mrq is 0.95. Its current Enterprise Value per Revenue stands at 1.82 whereas that against EBITDA is 5.95.
Stock Price History:
Over the past 52 weeks, TGNA has reached a high of $17.37, while it has fallen to a 52-week low of $13.40. The 50-Day Moving Average of the stock is 14.84, while the 200-Day Moving Average is calculated to be 15.45.
Shares Statistics:
For the past three months, TGNA has traded an average of 2.29M shares per day and 3.08M over the past ten days. A total of 179.92M shares are outstanding, with a floating share count of 173.56M. Insiders hold about 1.45% of the company’s shares, while institutions hold 93.62% stake in the company. Shares short for TGNA as of Feb 29, 2024 were 6.67M with a Short Ratio of 2.91, compared to 8.48M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.79% and a Short% of Float of 5.42%.
Dividends & Splits
According to the company, the forward annual dividend rate for TGNA is 0.44, from 0.40 in the trailing year. Against a Trailing Annual Dividend Yield of 2.79%, it implies a Forward Annual Dividend Yield of 3.17%. The stock’s 5-year Average Dividend Yield is 2.01. The current Payout Ratio is 18.28% for TGNA, which recently paid a dividend on Apr 01, 2024 with an ex-dividend date of Mar 07, 2024. Stock splits for the company last occurred on Jun 01, 2017 when the company split stock in a 15625:10000 ratio.
Earnings Estimates
There are 5 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.44 for the current quarter, with a high estimate of $0.49 and a low estimate of $0.37, while EPS last year was $0.47. The consensus estimate for the next quarter is $0.52, with high estimates of $0.61 and low estimates of $0.44.
Analysts are recommending an EPS of between $3.45 and $2.72 for the fiscal current year, implying an average EPS of $3.14. EPS for the following year is $2.06, with 5 analysts recommending between $2.31 and $1.65.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $719.29M this quarter.It ranges from a high estimate of $727M to a low estimate of $713.84M. As of the current estimate, TEGNA Inc’s year-ago sales were $752.01M, an estimated decrease of -4.40% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $742.89M, an increase of 1.60% over than the figure of -$4.40% in the same quarter last year. There is a high estimate of $762M for the next quarter, whereas the lowest estimate is $714.5M.
A total of 6 analysts have provided revenue estimates for TGNA’s current fiscal year. The highest revenue estimate was $3.28B, while the lowest revenue estimate was $3.09B, resulting in an average revenue estimate of $3.22B. In the same quarter a year ago, actual revenue was $2.91B, up 10.70% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $2.93B in the next fiscal year. The high estimate is $3.03B and the low estimate is $2.83B. The average revenue growth estimate for next year is down -9.00% from the average revenue estimate for this year.
