TEGNA (NYSE:TGNA) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

TEGNA (NYSE:TGNA) announced its quarterly earnings results on Thursday. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.04), Zacks reports. TEGNA had a return on equity of 14.49% and a net margin of 16.75%. TEGNA updated its Q1 2025 guidance to EPS.

TEGNA Trading Up 8.2 %

NYSE:TGNA traded up $1.36 during trading hours on Thursday, hitting $17.99. The stock had a trading volume of 2,448,933 shares, compared to its average volume of 1,228,180. TEGNA has a one year low of $12.35 and a one year high of $19.62. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 6.36 and a beta of 0.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.60 and a current ratio of 2.60. The business’s 50 day moving average is $18.16 and its 200-day moving average is $16.87.

TEGNA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a $0.125 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.78%. TEGNA’s dividend payout ratio (DPR) is presently 17.67%.

Analysts Set New Price Targets

A number of research firms have recently commented on TGNA. JPMorgan Chase & Co. lifted their price objective on TEGNA from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Guggenheim restated a “buy” rating and issued a $22.00 price objective on shares of TEGNA in a research note on Friday, January 24th. Benchmark increased their price target on shares of TEGNA from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company raised TEGNA from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $21.00 to $23.00 in a report on Thursday, December 19th. Finally, StockNews.com upgraded shares of TEGNA from a “hold” rating to a “buy” rating in a research note on Friday, December 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $21.75.

About TEGNA

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.