TEGNA (TGNA) Given Media Impact Score of 0.17
News articles about TEGNA (NYSE:TGNA) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. TEGNA earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.2941442128986 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- TEGNA Inc. (TGNA) Stocks Showing Pleasant Sentiment- FLIR Systems, Inc. (FLIR) – Investing News Update (investingbizz.com)
- TEGNA Inc. (TGNA) Short Interest Update (americanbankingnews.com)
- $462.61 Million in Sales Expected for TEGNA Inc. (TGNA) This Quarter (americanbankingnews.com)
- Technical Secrets – TEGNA Inc (NYSE:TGNA) – Alpha Beta Stock (alphabetastock.com)
TGNA has been the topic of several analyst reports. ValuEngine downgraded shares of TEGNA from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of TEGNA from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Benchmark Co. reaffirmed a “buy” rating and set a $20.00 price target on shares of TEGNA in a research note on Friday, June 16th. Noble Financial reaffirmed a “buy” rating on shares of TEGNA in a research note on Thursday, July 13th. Finally, BidaskClub raised shares of TEGNA from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.63.
Shares of TEGNA (TGNA) opened at 13.42 on Thursday. The company has a market cap of $2.89 billion, a P/E ratio of 16.41 and a beta of 1.73. The stock has a 50 day moving average of $12.69 and a 200 day moving average of $14.51. TEGNA has a 52-week low of $11.46 and a 52-week high of $17.06.
TEGNA (NYSE:TGNA) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. TEGNA had a net margin of 11.90% and a return on equity of 20.51%. The firm had revenue of $489.36 million during the quarter, compared to the consensus estimate of $486.29 million. During the same period in the prior year, the firm earned $0.50 EPS. The business’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts anticipate that TEGNA will post $1.09 earnings per share for the current fiscal year.
TEGNA announced that its Board of Directors has authorized a share repurchase plan on Tuesday, September 19th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to purchase up to 11.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Thursday, September 7th. TEGNA’s dividend payout ratio (DPR) is presently 16.97%.
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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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