TEGNA (TGNA) to Release Earnings on Thursday

TEGNA (NYSE:TGNA) will be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect TEGNA to post earnings of $0.83 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

TEGNA (NYSE:TGNA) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. TEGNA had a net margin of 15.51% and a return on equity of 11.57%. The business had revenue of $710.36 million for the quarter, compared to analysts’ expectations of $715.40 million. During the same period in the prior year, the company posted $0.44 EPS. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts expect TEGNA to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TEGNA Stock Performance

NYSE:TGNA opened at $16.05 on Wednesday. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 1.10. TEGNA has a fifty-two week low of $12.35 and a fifty-two week high of $17.08. The stock has a market cap of $2.66 billion, a PE ratio of 6.63 and a beta of 0.49. The firm’s fifty day simple moving average is $15.32 and its 200-day simple moving average is $14.70.

Analysts Set New Price Targets

Separately, Benchmark reissued a “buy” rating and issued a $21.00 price objective on shares of TEGNA in a research note on Thursday, August 8th.

Insider Buying and Selling at TEGNA

In other TEGNA news, COO Lynn B. Trelstad sold 25,000 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $16.40, for a total value of $410,000.00. Following the transaction, the chief operating officer now directly owns 154,617 shares in the company, valued at approximately $2,535,718.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have sold 50,016 shares of company stock worth $757,218. Corporate insiders own 0.88% of the company’s stock.

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.