TEGNA (TGNA) Scheduled to Post Quarterly Earnings on Thursday

TEGNA (NYSE:TGNA) will issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. TEGNA has set its Q3 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

TEGNA (NYSE:TGNA) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $710.36 million during the quarter, compared to the consensus estimate of $715.40 million. TEGNA had a net margin of 15.51% and a return on equity of 11.57%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 EPS. On average, analysts expect TEGNA to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TEGNA Trading Up 0.8 %

Shares of TEGNA stock opened at $16.68 on Thursday. TEGNA has a fifty-two week low of $12.35 and a fifty-two week high of $17.08. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.58 and a current ratio of 2.58. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 5.86 and a beta of 0.50. The stock has a 50 day moving average of $15.08 and a 200 day moving average of $14.60.

Insiders Place Their Bets

In other news, COO Lynn B. Trelstad sold 25,000 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $16.40, for a total value of $410,000.00. Following the completion of the transaction, the chief operating officer now owns 154,617 shares in the company, valued at approximately $2,535,718.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 50,016 shares of company stock valued at $757,218 in the last ninety days. Insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark restated a “buy” rating and set a $21.00 price target on shares of TEGNA in a research report on Thursday, August 8th.

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.