After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for TEGNA Inc. (TGNA) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.17, or -0.86%, to $19.69. The TEGNA Inc. has recorded 11,689 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that TEGNA and KARE Congratulate Boyd Huppert on Receiving a Lifetime Achievement Award from the Radio Television Digital News Foundation.
TGNA belongs to the Communication Services sector of the NYSE while operating in the Broadcasting industry. At the end of the last regular session, the stock closed at $19.86 and fluctuated between $20.42 as its day high and $19.61 as its day low. The current market capitalization of TEGNA Inc. is $4.47B. A total of 1.71 million shares were traded on the day, compared to an average of 1.51M shares.
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, TGNA has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 37 BUYs and 6 SELLs from insiders. Insiders purchased 677,171 shares during that period but sold 282,101.
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. TEGNA Inc. pays an annual dividend of $0.38, resulting in a dividend yield of 1.91%, and it has a price to earnings (P/E) ratio of 8.22. TGNA’s most recent ex-dividend date was 12/8/2022 when it declared a $0.0950 quarterly dividend that was paid in cash on 1/3/2023. Previously, the company paid the dividend on 10/3/2022 with an ex-dividend date of 9/8/2022. The TGNA stock dividend was $0.0950 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for TGNA in the last 3 months, the mean price target is $24.00 with high estimates of $24.00 and low estimates of $24.00. In terms of 52-week highs and lows, TGNA has a high of $23.04 and a low of $18.54.
As of this writing, TGNA has an earnings estimate of $0.74 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.77 per share and a lower estimate of $0.71. The company reported an EPS of $0.59 in the last quarter, which was 11.30% higher than expectations of $0.53.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TGNA is Overweight with a score of 3.50. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.