As of close of business last night, TEGNA Inc’s stock clocked out at $13.84, up 0.36% from its previous closing price of $13.79. In other words, the price has increased by $+0.05 from its previous closing price. On the day, 1522987 shares were traded.
Ratios:
To gain a deeper understanding of TGNA’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.58. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Apr 01 ’24 when Lougee David T sold 43,750 shares for $14.70 per share. The transaction valued at 643,125 led to the insider holds 725,651 shares of the business.
Fisher Newberg Lauren sold 8,477 shares of TGNA for $127,155 on Mar 15 ’24. The SVP and Chief Legal Officer now owns 1 shares after completing the transaction at $15.00 per share. On Feb 05 ’24, another insider, Lougee David T, who serves as the President and CEO of the company, sold 150,000 shares for $15.21 each. As a result, the insider received 2,281,500 and left with 636,262 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 2.44B and an Enterprise Value of 5.22B. As of this moment, TEGNA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.11, and their Forward P/E ratio for the next fiscal year is 6.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.84 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 1.79 whereas that against EBITDA is 5.85.
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 14.47, while the 200-Day Moving Average is calculated to be 15.32.
Shares Statistics:
It appears that TGNA traded 2.31M shares on average per day over the past three months and 1.6M shares per day over the past ten days. A total of 179.92M shares are outstanding, with a floating share count of 173.30M. Insiders hold about 1.60% of the company’s shares, while institutions hold 93.50% stake in the company. Shares short for TGNA as of Mar 28, 2024 were 6.54M with a Short Ratio of 2.83, compared to 6.67M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.71% and a Short% of Float of 5.31%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.42, TGNA has a forward annual dividend rate of 0.44. Against a Trailing Annual Dividend Yield of 3.03%, it implies a Forward Annual Dividend Yield of 3.29%. The stock’s 5-year Average Dividend Yield is 2.03. 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
As of right now, 5 analysts gave their recommendation on the stock of the company. 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
In the current quarter, 6 analysts expect revenue to total $719.29M. 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.
