Somewhat Positive News Coverage Somewhat Unlikely to Impact TEGNA (TGNA) Share Price
News headlines about TEGNA (NYSE:TGNA) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TEGNA earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.2052325610158 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- TEGNA, Inc. – Value Analysis (NYSE:TGNA) : October 16, 2017 (finance.yahoo.com)
- Jefferies Group LLC Reiterates Hold Rating for TEGNA Inc. (TGNA) (americanbankingnews.com)
- BidaskClub Lowers TEGNA Inc. (TGNA) to Sell (americanbankingnews.com)
- Financial Contrast: TEGNA (TGNA) vs. Entravision Communications Corporation (EVC) (americanbankingnews.com)
- KHOU 11 partners with the Houston Food Bank for 2017 Make a Difference Day project (khou.com)
Shares of TEGNA (NYSE TGNA) opened at 12.66 on Tuesday. The stock has a market capitalization of $2.72 billion, a P/E ratio of 15.48 and a beta of 1.72. TEGNA has a 12 month low of $11.46 and a 12 month high of $17.06. The stock has a 50 day moving average price of $12.76 and a 200 day moving average price of $14.33.
TEGNA (NYSE:TGNA) last issued its earnings results on Tuesday, August 1st. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The business had revenue of $489.36 million during the quarter, compared to analysts’ expectations of $486.29 million. TEGNA had a return on equity of 20.51% and a net margin of 11.90%. TEGNA’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 earnings per share. On average, analysts anticipate that TEGNA will post $1.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were given a $0.07 dividend. The ex-dividend date was Thursday, September 7th. This represents a $0.28 annualized dividend and a dividend yield of 2.21%. TEGNA’s dividend payout ratio (DPR) is presently 16.97%.
TEGNA announced that its board has initiated a share repurchase plan on Tuesday, September 19th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to reacquire up to 11.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
A number of analysts have commented on the company. BidaskClub downgraded TEGNA from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Zacks Investment Research downgraded TEGNA from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. ValuEngine upgraded TEGNA from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $14.00 target price on shares of TEGNA in a research report on Monday. Finally, Royal Bank Of Canada assumed coverage on TEGNA in a research report on Tuesday, September 26th. They set a “sector perform” rating and a $14.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.63.
Tegna Inc has a portfolio of media and digital businesses that provide content. The Company’s segments include TEGNA Media (Media) and TEGNA Digital (Digital). As of December 31, 2016, its media business included 46 television stations operating in 38 markets and offered television programming and digital content.
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