TEGNA (TGNA) Set to Announce Quarterly Earnings on Thursday

TEGNA (NYSE:TGNA) will be announcing its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. TEGNA has set its Q3 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

TEGNA (NYSE:TGNA) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $710.36 million for the quarter, compared to analyst estimates of $715.40 million. TEGNA had a net margin of 15.51% and a return on equity of 11.57%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. 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

Shares of TGNA opened at $16.68 on Thursday. The company has a 50-day moving average of $15.08 and a two-hundred day moving average of $14.60. The stock has a market cap of $2.83 billion, a P/E ratio of 5.86 and a beta of 0.50. TEGNA has a 12-month low of $12.35 and a 12-month high of $17.08. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 1.10.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

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

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.