Equities research analysts expect that Tegna Inc (NYSE:TGNA) will announce $0.31 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Tegna’s earnings, with estimates ranging from $0.28 to $0.35. Tegna reported earnings per share of $0.74 during the same quarter last year, which suggests a negative year over year growth rate of 58.1%. The company is scheduled to report its next earnings results before the market opens on Thursday, March 1st.

Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Tegna.

Tegna (NYSE:TGNA) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $464.26 million for the quarter, compared to analysts’ expectations of $463.23 million. Tegna had a return on equity of 20.50% and a net margin of 11.10%. The company’s revenue was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS.

TGNA has been the topic of a number of analyst reports. Zacks Investment Research upgraded Tegna from a “sell” rating to a “hold” rating in a report on Saturday, January 20th. BidaskClub cut Tegna from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th. FBR & Co reiterated a “hold” rating and set a $15.00 target price on shares of Tegna in a report on Wednesday, November 1st. ValuEngine upgraded Tegna from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Finally, Noble Financial reiterated a “buy” rating on shares of Tegna in a report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.22.

Shares of Tegna (NYSE TGNA) traded down $0.47 during trading hours on Thursday, reaching $13.28. The company’s stock had a trading volume of 3,028,423 shares, compared to its average volume of 2,156,798. The firm has a market cap of $2,960.00, a PE ratio of 8.57, a PEG ratio of 6.90 and a beta of 1.50. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 4.30. Tegna has a 52-week low of $11.59 and a 52-week high of $17.08.

In other Tegna news, EVP Todd A. Mayman sold 36,830 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $12.63, for a total transaction of $465,162.90. Following the transaction, the executive vice president now owns 19,420 shares of the company’s stock, valued at approximately $245,274.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Clifton A. Mcclelland III sold 7,740 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $13.69, for a total value of $105,960.60. Following the transaction, the senior vice president now directly owns 32,335 shares in the company, valued at approximately $442,666.15. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Several institutional investors have recently modified their holdings of TGNA. Nationwide Fund Advisors lifted its stake in shares of Tegna by 361.5% during the 2nd quarter. Nationwide Fund Advisors now owns 391,180 shares of the company’s stock worth $5,637,000 after purchasing an additional 306,416 shares during the period. BlackRock Inc. raised its position in shares of Tegna by 32.2% in the 2nd quarter. BlackRock Inc. now owns 17,593,214 shares of the company’s stock worth $253,518,000 after buying an additional 4,286,497 shares during the period. Profund Advisors LLC purchased a new position in shares of Tegna in the 2nd quarter worth $366,000. Thrivent Financial For Lutherans raised its position in shares of Tegna by 452.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 43,670 shares of the company’s stock worth $629,000 after buying an additional 35,770 shares during the period. Finally, FMR LLC raised its position in shares of Tegna by 62.4% in the 2nd quarter. FMR LLC now owns 2,756,886 shares of the company’s stock worth $39,727,000 after buying an additional 1,058,775 shares during the period. 99.27% of the stock is currently owned by institutional investors.

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Tegna Company Profile

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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Earnings History and Estimates for Tegna (NYSE:TGNA)

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