In other words, the price has increased by $0.00 from its previous closing price. On the day, 1985476 shares were traded.
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Ratios:
Our analysis of TGNA’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.70. For the most recent quarter (mrq), Quick Ratio is recorded 3.47 and its Current Ratio is at 3.47. In the meantime, Its Debt-to-Equity ratio is 1.06 whereas as Long-Term Debt/Eq ratio is at 1.06.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 05 when Lougee David T sold 150,000 shares for $15.21 per share. The transaction valued at 2,281,500 led to the insider holds 636,262 shares of the business.
Lougee David T sold 100,000 shares of TGNA for $1,538,000 on Nov 30. The President and CEO now owns 786,262 shares after completing the transaction at $15.38 per share. On Aug 30, another insider, Trelstad Lynn B., who serves as the EVP and COO, Media Operations of the company, sold 30,000 shares for $16.57 each. As a result, the insider received 497,100 and left with 181,881 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 2.70B and an Enterprise Value of 5.29B. As of this moment, TEGNA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.84, and their Forward P/E ratio for the next fiscal year is 3.92. 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 0.87 while its Price-to-Book (P/B) ratio in mrq is 0.91. Its current Enterprise Value per Revenue stands at 1.71 whereas that against EBITDA is 4.89.
Stock Price History:
Over the past 52 weeks, TGNA has reached a high of $17.86, while it has fallen to a 52-week low of $13.65. The 50-Day Moving Average of the stock is 15.18, while the 200-Day Moving Average is calculated to be 15.58.
Shares Statistics:
TGNA traded an average of 2.19M shares per day over the past three months and 2.69M shares per day over the past ten days. A total of 223.45M shares are outstanding, with a floating share count of 194.45M. Insiders hold about 1.28% of the company’s shares, while institutions hold 83.68% stake in the company. Shares short for TGNA as of Jan 31, 2024 were 8.48M with a Short Ratio of 3.87, compared to 12.4M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.30% and a Short% of Float of 5.88%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.40, TGNA has a forward annual dividend rate of 0.42. Against a Trailing Annual Dividend Yield of 2.91%, it implies a Forward Annual Dividend Yield of 3.32%. The stock’s 5-year Average Dividend Yield is 2.00. The current Payout Ratio is 13.54% 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
The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of $0.47 for the current quarter, with a high estimate of $0.5 and a low estimate of $0.43, while EPS last year was $0.98. The consensus estimate for the next quarter is $0.7, with high estimates of $0.73 and low estimates of $0.68.
Analysts are recommending an EPS of between $1.81 and $1.74 for the fiscal current year, implying an average EPS of $1.78. EPS for the following year is $3.44, with 5 analysts recommending between $3.82 and $3.14.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $763.6M to a low estimate of $739.1M. As of the current estimate, TEGNA Inc’s year-ago sales were $917.13M, an estimated decrease of -18.10% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $793.69M, an increase of 5.50% over than the figure of -$18.10% in the same quarter last year. There is a high estimate of $801.5M for the next quarter, whereas the lowest estimate is $788.7M.
A total of 6 analysts have provided revenue estimates for TGNA’s current fiscal year. The highest revenue estimate was $2.95B, while the lowest revenue estimate was $2.92B, resulting in an average revenue estimate of $2.94B. In the same quarter a year ago, actual revenue was $3.28B, down -10.50% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $3.36B in the next fiscal year. The high estimate is $3.4B and the low estimate is $3.31B. The average revenue growth estimate for next year is up 14.40% from the average revenue estimate for this year.
