TEGNA (TGNA) Projected to Post Quarterly Earnings on Thursday

TEGNA (NYSE:TGNA) will likely be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect TEGNA to post earnings of $1.25 per share and revenue of $870.79 million for the quarter. Individual that are interested in participating in the company’s conference call can do so using this link.

TEGNA Stock Performance

TGNA opened at $17.46 on Tuesday. The firm has a market cap of $2.81 billion, a P/E ratio of 6.17 and a beta of 0.52. The business’s fifty day moving average is $18.20 and its 200-day moving average is $16.85. TEGNA has a 52-week low of $12.35 and a 52-week high of $19.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.60 and a current ratio of 2.60.

TEGNA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Friday, March 7th. TEGNA’s dividend payout ratio is presently 17.67%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TGNA. StockNews.com upgraded shares of TEGNA from a “hold” rating to a “buy” rating in a research report on Friday, December 13th. Wells Fargo & Company raised shares of TEGNA from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $21.00 to $23.00 in a research report on Thursday, December 19th. Guggenheim reaffirmed a “buy” rating and set a $22.00 price objective on shares of TEGNA in a research report on Friday, January 24th. Benchmark boosted their target price on TEGNA from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of TEGNA from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $21.75.

TEGNA Company Profile

TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.