TEGNA Inc. (NYSE:TGNA) traded with the volume of 2.41 Million Yesterday. The Stock Opened its session at $21.72 and closed at $21.05 by showing an decrease of -2.91 percent. TEGNA Inc. has 1 year price target of 27.14. The stock gained a consensus recommendation of 2.33 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. The company is expected to report its next EPS (earnings per share) on Oct 25 BMO. The company reported its last quarter on Jun 16.
On Jun 16 TEGNA Inc. (NYSE:TGNA) reported its EPS in the last quarter as $0.5/Share beating the analyst estimate of $0.47/Share by the difference of $0.03. This showed the surprise of 6.4% in the last quarter earnings. For the Current Quarter, 6 analyst are projecting the mean EPS to be $0.43/share. According to their observations and findings, the stock could provide a high EPS of $0.47/share and a Low EPS of $0.39/share.
The 8 analysts offering 12-month price forecasts for Tegna Inc have a median target of 27.00, with a high estimate of 34.00 and a low estimate of 21.00. The median estimate represents a +28.27% increase from the last price of 21.05. (CNN MONEY)
Many Analysts provided their foresight on Revenue Estimates of TEGNA Inc. where they believe that the company has the potential to earn average revenue of $871.27 Million for the current quarter. According to their predictions High & Low revenue estimates are 878.3 Million and 862.64 Million respectively.
TEGNA Inc. (NYSE:TGNA) topped its 52-week high price of $28.95 on Dec 1, 2015 and 52-Week Low Price of $20.1 on Sep 1, 2016. The Stock currently has the market capitalization of $4.65 Million, P/E (price to earnings ttm) of 10.53 and Weekly volatility of 2.12%% and monthly volatility of 2.27%% respectively.
TEGNA Inc. is currently showing 61.8% EPS growth this year. The Next Year EPS growth is -15.9%, Long term annual growth estimate of 10%, Annual EPS growth past 5 years of -0.31 percent. The Company currently has Insider ownership of 6.92 Percent and Institutional Ownership of 91.8 Percent. The Return on Assets stands at 4.8%, Return on Equity shows 19.3% and Return on Investment value is 11.2%.
TEGNA Inc. Gross Margin percentage stands at 70.8% while its Operating Margin for trailing twelve month is 32.2 percent and Profit margin (ttm) is 13.6 Percent. The stock is currently moving above its 20-Day Simple Moving Average of -0.6% with the 50-Day Simple Moving Average of -0.6 percent. Currently, the company has SMA200 (200-day simple moving average) of -7.14 Percent. The Stock has YTD (year to date) performance of -15.95 percent.
Many research firms have provided their ratings on TEGNA Inc. (NYSE:TGNA) where The Benchmark Company provided Buyrating on the stock on 19-Aug-16. Other firms include Barclays giving Underweight rating on 1-Apr-16.
In the past 6 months, 0 Insider purchases and 2 Insider Sales were made in which 170946 shares were exchanged as Insider Sales.
The latest Insider trade was made on 2 Mar 2016 where Lord Kevin E Officer did a transaction type “Sell” in which 1515 shares were traded at a price of $25.08. Another insider trade includes Chief Executive Officer Martore (Gracia C) who also initiated a transaction in which 89556 shares were traded on 28 Jan 2016 as “Sell”.
TEGNA owns the broadcasting assets of the legacy Gannett company following its June 2015 split into two publicly traded companies – a broadcasting and digital company called TEGNA, Inc. (Ticker: TGNA) and a publishing company called Gannett Co., Inc. (Ticker: GCI). TEGNA owns 64 television stations and is the largest independent television station group of major network affiliates in the top 25 markets. TEGNA’s digital assets include sites like Cars.com, CareerBuilder and others.