TEGNA’s (TGNA) “Buy (B-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their buy (b-) rating on shares of TEGNA (NYSE:TGNA) in a research note released on Friday morning,Weiss Ratings reports.

Several other equities analysts also recently commented on the company. Zacks Research downgraded TEGNA from a “hold” rating to a “strong sell” rating in a research report on Friday, October 10th. Wells Fargo & Company downgraded TEGNA from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, Guggenheim reiterated a “neutral” rating and issued a $19.00 target price on shares of TEGNA in a research report on Friday, August 22nd. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $19.75.

TEGNA Trading Up 0.4%

Shares of TGNA opened at $20.03 on Friday. TEGNA has a 52-week low of $14.87 and a 52-week high of $21.35. The business’s fifty day moving average is $20.63 and its 200-day moving average is $18.17. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 7.21 and a beta of 0.25.

TEGNA (NYSE:TGNA) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. TEGNA had a return on equity of 16.20% and a net margin of 14.99%.The business had revenue of $675.05 million for the quarter, compared to analyst estimates of $673.92 million. During the same quarter in the previous year, the company posted $0.50 EPS. TEGNA’s quarterly revenue was down 5.0% compared to the same quarter last year. TEGNA has set its Q3 2025 guidance at EPS. Equities analysts anticipate that TEGNA will post 3.02 EPS for the current fiscal year.

TEGNA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 5th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.50 annualized dividend and a yield of 2.5%. TEGNA’s payout ratio is presently 17.99%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TGNA. Wasatch Advisors LP lifted its holdings in TEGNA by 5,517.6% during the 2nd quarter. Wasatch Advisors LP now owns 3,242,220 shares of the company’s stock worth $54,340,000 after buying an additional 3,184,505 shares during the period. Calamos Advisors LLC bought a new position in TEGNA in the third quarter worth approximately $23,298,000. Millennium Management LLC boosted its holdings in TEGNA by 51.5% in the first quarter. Millennium Management LLC now owns 2,548,981 shares of the company’s stock worth $46,442,000 after acquiring an additional 866,970 shares in the last quarter. Nuveen LLC bought a new stake in TEGNA during the 1st quarter worth approximately $15,492,000. Finally, Norges Bank bought a new stake in TEGNA during the 2nd quarter worth approximately $13,426,000. 92.19% of the stock is owned by institutional investors and hedge funds.

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.