TEGNA (TGNA)
(Delayed Data from NYSE)
$14.15 USD
+0.14 (1.00%)
Updated Sep 4, 2024 04:00 PM ET
After-Market: $14.15 0.00 (0.00%) 7:58 PM ET
3-Hold of 5 3
A Value D Growth C Momentum B VGM
Company Summary
TEGNA has evolved as one of the largest U.S. broadcasting groups and a leading local news and media content provider thanks to a plethora of acquisitions. In 2021 alone, the company completed acquisitions for a total purchase price of $13.3 million.
The company operates 64 television and two radio stations in 51 U.S. markets, catering to 39% of TV households in the United States.
TEGNA’s portfolio of NBC, CBS, ABC and FOX stations operate under long-term affiliation agreements. The television stations sell available commercial advertising spots as well as produce local programming, such ...
Company Summary
TEGNA has evolved as one of the largest U.S. broadcasting groups and a leading local news and media content provider thanks to a plethora of acquisitions. In 2021 alone, the company completed acquisitions for a total purchase price of $13.3 million.
The company operates 64 television and two radio stations in 51 U.S. markets, catering to 39% of TV households in the United States.
TEGNA’s portfolio of NBC, CBS, ABC and FOX stations operate under long-term affiliation agreements. The television stations sell available commercial advertising spots as well as produce local programming, such as news, sports, and entertainment.
Currently, TEGNA is the largest independent owner of NBC-affiliated stations and the second-largest owner of CBS-affiliated stations.
TEGNA reported revenues of $2.9 billion for 2023. This McLean, VA-based company has four reportable segments.
Advertising & Marketing Services accounted for 44.3% of 2023 revenues. The segment comprises local and national non-political advertising, digital marketing services (including Premion) and advertising on the stations’ websites, and tablet and mobile products. Notably, the company provides advertising services through TEGNA Marketing Solutions (TMS).
Subscription (52.5% of total revenues) revenues reflect fees paid by satellite, cable, over-the-top (OTT) and telecommunications providers to carry TEGNA’s television signals on their systems.
Political advertising (1.6% of total revenues) is driven by even-year election cycles at the local and national levels.
Other services (1.6% of total revenues) include revenues from the production of programming from third parties and the production of advertising material.
TEGNA faces significant competition in the advertisement space from cable companies like Comcast and Charter, as well as Internet platforms including Google, Facebook, and YouTube.
General Information
TEGNA Inc
8350 BROAD STREET SUITE 2000
TYSONS, VA 22102
Phone: 703-873-6600
Fax: 703-854-2053
Web: http://www.tegna.com
Email: investorrelations@tegna.com
Industry | Broadcast Radio and Television |
Sector | Consumer Discretionary |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 11/5/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.83 |
Current Year EPS Consensus Estimate | 3.07 |
Estimated Long-Term EPS Growth Rate | NA |
Exp Earnings Date | 11/5/2024 |
Price and Volume Information
Zacks Rank | ![]() |
Yesterday's Close | 14.01 |
52 Week High | 16.56 |
52 Week Low | 12.35 |
Beta | 0.49 |
20 Day Moving Average | 1,863,959.00 |
Target Price Consensus | 18.25 |
4 Week | -3.51 |
12 Week | 3.17 |
YTD | -8.43 |
4 Week | -8.55 |
12 Week | 0.30 |
YTD | -21.00 |
Shares Outstanding (millions) | 165.43 |
Market Capitalization (millions) | 2,317.71 |
Short Ratio | NA |
Last Split Date | 10/7/1997 |
Dividend Yield | 3.57% |
Annual Dividend | $0.50 |
Payout Ratio | 0.28 |
Change in Payout Ratio | 0.10 |
Last Dividend Payout / Amount | 6/7/2024 / $NA |
Fundamental Ratios
P/E (F1) | 4.57 |
Trailing 12 Months | 7.92 |
PEG Ratio | NA |
vs. Previous Year | 13.64% |
vs. Previous Quarter | 11.11% |
vs. Previous Year | -2.89% |
vs. Previous Quarter | -0.54% |
Price/Book | 0.85 |
Price/Cash Flow | 5.70 |
Price / Sales | 0.81 |
6/30/24 | 11.57 |
3/31/24 | 11.86 |
12/31/23 | 12.41 |
6/30/24 | 4.59 |
3/31/24 | 4.74 |
12/31/23 | 5.07 |
6/30/24 | 2.58 |
3/31/24 | 2.53 |
12/31/23 | 2.48 |
6/30/24 | 2.58 |
3/31/24 | 2.53 |
12/31/23 | 2.48 |
6/30/24 | 11.38 |
3/31/24 | 11.68 |
12/31/23 | 12.50 |
6/30/24 | 15.51 |
3/31/24 | 19.48 |
12/31/23 | 16.38 |
6/30/24 | 20.26 |
3/31/24 | 25.00 |
12/31/23 | 20.84 |
6/30/24 | 16.93 |
3/31/24 | 15.89 |
12/31/23 | 13.73 |
6/30/24 | NA |
3/31/24 | NA |
12/31/23 | NA |
6/30/24 | 1.10 |
3/31/24 | 1.10 |
12/31/23 | 1.14 |
6/30/24 | 52.49 |
3/31/24 | 52.50 |
12/31/23 | 53.34 |