TEGNA (TGNA) Expected to Announce Earnings on Thursday

TEGNA (NYSE:TGNA) is projected to post 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 wish to register for the company’s earnings conference call can do so using this link.

TEGNA Stock Down 0.4 %

NYSE:TGNA opened at $18.01 on Thursday. The firm has a market capitalization of $2.90 billion, a P/E ratio of 6.36 and a beta of 0.52. TEGNA has a 1-year low of $12.35 and a 1-year high of $19.62. The company’s fifty day moving average price is $18.25 and its 200-day moving average price is $16.76. 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 Announces Dividend

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 given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.50 annualized dividend and a yield of 2.78%. TEGNA’s dividend payout ratio is presently 17.67%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company upgraded shares of TEGNA from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $21.00 to $23.00 in a research report on Thursday, December 19th. Guggenheim restated a “buy” rating and set a $22.00 price target on shares of TEGNA in a research report on Friday, January 24th. Benchmark raised their price target on shares of TEGNA from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, November 8th. StockNews.com upgraded shares of TEGNA from a “hold” rating to a “buy” rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. lifted their target price 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.