Market Resilience: TEGNA Inc (TGNA) Finishes Weak at 13.75, Down -0.94

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TEGNA Inc (NYSE: TGNA) closed the day trading at $13.75 down -0.94% from the previous closing price of $13.88. In other words, the price has decreased by -$0.94 from its previous closing price. On the day, 1.56 million shares were traded. TGNA stock price reached its highest trading level at $14.09 during the session, while it also had its lowest trading level at $13.74.


For a better understanding of TGNA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.12. For the most recent quarter (mrq), Quick Ratio is recorded 2.53 and its Current Ratio is at 2.53. In the meantime, Its Debt-to-Equity ratio is 1.12 whereas as Long-Term Debt/Eq ratio is at 1.12.

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:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 01 ’24 when Lougee David T sold 98,437 shares for $13.98 per share. The transaction valued at 1,376,149 led to the insider holds 594,401 shares of the business.

Trelstad Lynn B. sold 25,000 shares of TGNA for $349,750 on Jun 07 ’24. The EVP and COO, Media Operations now owns 190,474 shares after completing the transaction at $13.99 per share. On May 16 ’24, another insider, Lougee David T, who serves as the President and CEO of the company, sold 32,813 shares for $15.04 each. As a result, the insider received 493,508 and left with 692,838 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 2332068608 and an Enterprise Value of 5065111040. As of this moment, TEGNA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.80, and their Forward P/E ratio for the next fiscal year is 6.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.81 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 1.756 whereas that against EBITDA is 7.252.

Stock Price History:

The Beta on a monthly basis for TGNA is 0.52, which has changed by -0.16413373 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, TGNA has reached a high of $17.37, while it has fallen to a 52-week low of $12.35. The 50-Day Moving Average of the stock is -2.82%, while the 200-Day Moving Average is calculated to be -6.07%.

Shares Statistics:

Over the past 3-months, TGNA traded about 2.08M shares per day on average, while over the past 10 days, TGNA traded about 2377400 shares per day. A total of 179.92M shares are outstanding, with a floating share count of 167.32M. Insiders hold about 1.35% of the company’s shares, while institutions hold 91.19% stake in the company. Shares short for TGNA as of 1718323200 were 10369182 with a Short Ratio of 4.99, compared to 1715731200 on 10709375. Therefore, it implies a Short% of Shares Outstanding of 10369182 and a Short% of Float of 8.89.

Dividends & Splits

TGNA’s forward annual dividend rate is 0.47, up from 0.436 a year ago. Against a Trailing Annual Dividend Yield of 0.031412102The stock’s 5-year Average Dividend Yield is 2.09. The current Payout Ratio is 18.28% for TGNA, which recently paid a dividend on 2024-06-07 with an ex-dividend date of 1717718400. Stock splits for the company last occurred on 2017-06-01 when the company split stock in a 15625:10000 ratio.

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