Currently, there are 196.97M common shares owned by the public and among those 194.45M shares have been available to trade.
Insiders at the company have transacted a total of 10 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 8 of these insider trades were purchases, accounting for 98,771 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 36,591 shares.
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The company’s stock has a 5-day price change of -3.87% and -11.76% over the past three months. TGNA shares are trading -10.78% year to date (YTD), with the 12-month market performance down to -21.33% lower. It has a 12-month low price of $13.40 and touched a high of $17.40 over the same period. TGNA has an average intraday trading volume of 2.20 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.94%, -9.53%, and -12.22% respectively.
Institutional ownership of TEGNA Inc (NYSE: TGNA) shares accounts for 83.68% of the company’s 196.97M shares outstanding.
It has a market capitalization of $2.69B and a beta (3y monthly) value of 0.50. The stock’s trailing 12-month PE ratio is 6.03, while the earnings-per-share (ttm) stands at $2.26. The company has a PEG of 0.60 and a Quick Ratio of 2.48 with the debt-to-equity ratio at 1.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.72% over the week and 2.64% over the month.
Analysts forecast that TEGNA Inc (TGNA) will achieve an EPS of $0.7 for the current quarter, $0.59 for the next quarter and $2.28 for 2025. The lowest estimate earnings-per-share for the quarter is $0.68 while analysts give the company a high EPS estimate of $0.73. Comparatively, EPS for the current quarter was $0.47 a year ago. Earnings per share for the fiscal year are expected to increase by 86.78%, and -35.23% over the next financial year. EPS should grow at an annualized rate of 10.00% over the next five years, compared to 4.05% over the past 5-year period.
Looking at the support for the TGNA, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on December 06, 2023, with the firm’s price target at $22-$17. Wells Fargo coverage for the TEGNA Inc (TGNA) stock in a research note released on May 05, 2022 offered a Equal Weight rating with a price target of $24. Wells Fargo on their part issued Overweight rating on August 11, 2020.
