FY2025 EPS Estimates for TEGNA Cut by Barrington Research

TEGNA Inc. (NYSE:TGNA) – Research analysts at Barrington Research dropped their FY2025 earnings per share (EPS) estimates for shares of TEGNA in a report issued on Tuesday, November 11th. Barrington Research analyst P. Sholl now expects that the company will earn $1.60 per share for the year, down from their previous forecast of $1.67. The consensus estimate for TEGNA’s current full-year earnings is $3.02 per share. Barrington Research also issued estimates for TEGNA’s Q1 2026 earnings at $0.51 EPS, Q2 2026 earnings at $0.51 EPS, Q3 2026 earnings at $0.82 EPS, Q4 2026 earnings at $1.10 EPS, FY2026 earnings at $2.95 EPS and FY2027 earnings at $1.49 EPS.

A number of other research analysts also recently issued reports on TGNA. Weiss Ratings reiterated a “buy (b-)” rating on shares of TEGNA in a research note on Wednesday, October 8th. Guggenheim reiterated a “neutral” rating and issued a $19.00 price target on shares of TEGNA in a research report on Friday, August 22nd. Zacks Research cut shares of TEGNA from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. Finally, Wells Fargo & Company cut shares of TEGNA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, TEGNA currently has an average rating of “Hold” and a consensus target price of $19.75.

TEGNA Stock Up 1.4%

NYSE TGNA opened at $20.20 on Wednesday. TEGNA has a 52 week low of $14.87 and a 52 week high of $21.35. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $3.25 billion, a P/E ratio of 7.27 and a beta of 0.25. The stock’s 50-day moving average price is $20.34 and its 200-day moving average price is $18.51.

TEGNA (NYSE:TGNA) last released its earnings results on Monday, November 10th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). TEGNA had a net margin of 14.99% and a return on equity of 16.20%. The company had revenue of $650.79 million for the quarter, compared to analysts’ expectations of $658.28 million. During the same quarter last year, the firm posted $0.94 earnings per share. TEGNA’s revenue for the quarter was down 19.3% on a year-over-year basis.

TEGNA Announces Dividend

The business also recently disclosed 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. This represents a $0.50 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, September 5th. TEGNA’s dividend payout ratio (DPR) is 17.99%.

Hedge Funds Weigh In On TEGNA

Several hedge funds have recently modified their holdings of TGNA. Public Sector Pension Investment Board lifted its stake in TEGNA by 48.7% in the 1st quarter. Public Sector Pension Investment Board now owns 596,868 shares of the company’s stock worth $10,875,000 after purchasing an additional 195,396 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of TEGNA during the first quarter valued at about $5,371,000. Deutsche Bank AG increased its holdings in shares of TEGNA by 383.6% in the first quarter. Deutsche Bank AG now owns 756,941 shares of the company’s stock worth $13,791,000 after purchasing an additional 600,407 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of TEGNA in the first quarter worth about $405,000. Finally, FORA Capital LLC bought a new position in TEGNA during the first quarter valued at approximately $228,000. Hedge funds and other institutional investors own 92.19% of the company’s stock.

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.