Equities analysts expect TEGNA Inc. (NYSE:TGNA) to report earnings of $0.37 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for TEGNA’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.40. TEGNA posted earnings per share of $0.23 during the same quarter last year, which would suggest a positive year over year growth rate of 60.9%. The company is expected to issue its next earnings results before the market opens on Thursday, November 8th.

Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow TEGNA.

TEGNA (NYSE:TGNA) last announced its earnings results on Tuesday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $524.08 million for the quarter, compared to analyst estimates of $516.52 million. TEGNA had a net margin of 25.33% and a return on equity of 27.72%.

TGNA has been the topic of a number of research reports. Noble Financial set a $15.00 target price on shares of TEGNA and gave the stock a “buy” rating in a research report on Wednesday, August 8th. ValuEngine lowered shares of TEGNA from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 17th. Barrington Research restated a “buy” rating and set a $15.00 target price on shares of TEGNA in a research report on Thursday, August 16th. Zacks Investment Research upgraded shares of TEGNA from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Monday, July 9th. Finally, Royal Bank of Canada restated a “hold” rating and set a $12.00 target price on shares of TEGNA in a research report on Tuesday, August 7th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $14.54.

Large investors have recently bought and sold shares of the stock. Ariel Investments LLC grew its position in TEGNA by 10.8% in the 2nd quarter. Ariel Investments LLC now owns 9,882,320 shares of the company’s stock valued at $107,223,000 after buying an additional 964,669 shares during the last quarter. Swiss National Bank grew its position in TEGNA by 5.3% in the 2nd quarter. Swiss National Bank now owns 374,700 shares of the company’s stock valued at $4,065,000 after buying an additional 18,900 shares during the last quarter. Putnam Investments LLC grew its position in TEGNA by 171.5% in the 2nd quarter. Putnam Investments LLC now owns 383,300 shares of the company’s stock valued at $4,159,000 after buying an additional 242,100 shares during the last quarter. Fairpointe Capital LLC grew its position in TEGNA by 4.5% in the 2nd quarter. Fairpointe Capital LLC now owns 13,028,393 shares of the company’s stock valued at $141,358,000 after buying an additional 555,978 shares during the last quarter. Finally, Oakbrook Investments LLC purchased a new position in TEGNA in the 2nd quarter valued at $179,000. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Shares of TGNA opened at $11.84 on Wednesday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.93 and a current ratio of 1.93. The company has a market cap of $2.55 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 0.35 and a beta of 1.62. TEGNA has a 12-month low of $10.00 and a 12-month high of $15.60.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 7th were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $0.28 dividend on an annualized basis and a yield of 2.36%. TEGNA’s dividend payout ratio (DPR) is 25.93%.

TEGNA Company Profile

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.

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Earnings History and Estimates for TEGNA (NYSE:TGNA)

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