TEGNA (TGNA) Expected to Announce Earnings on Thursday

TEGNA (NYSE:TGNA) is projected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $1.25 per share and revenue of $870.79 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

TEGNA Price Performance

Shares of TGNA stock opened at $17.46 on Tuesday. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 6.17 and a beta of 0.52. The stock’s fifty day simple moving average is $18.20 and its 200 day simple moving average is $16.85. TEGNA has a one year low of $12.35 and a one year high of $19.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.60 and a quick ratio of 2.60.

TEGNA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Friday, March 7th. TEGNA’s dividend payout ratio is currently 17.67%.

Analyst Ratings Changes

Several brokerages have issued reports on TGNA. Benchmark lifted their price objective on TEGNA from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company raised shares of TEGNA from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $21.00 to $23.00 in a research note on Thursday, December 19th. JPMorgan Chase & Co. boosted their target price on TEGNA from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Guggenheim reissued a “buy” rating and issued a $22.00 price target on shares of TEGNA in a report on Friday, January 24th. Finally, StockNews.com raised TEGNA from a “hold” rating to a “buy” rating in a research note on Friday, December 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $21.75.

About TEGNA

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.