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Saturday, June 3, 2023

Momentum Is Strong For TEGNA Inc. (NYSE: TGNA)

After Hours

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. After-hours trades for TEGNA Inc. (TGNA) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $16.01. The TEGNA Inc. has recorded 14,004 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed TEGNA Inc. Reports First Quarter 2023 Results.

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Stocks Info

This NYSE-listed company operates within the Broadcasting industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $16.01 and fluctuated between $16.05 as its day high and $15.93 as its day low. The current market capitalization of TEGNA Inc. is $3.56B. A total of 0.74 million shares were traded on the day, compared to an average of 2.13M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, TGNA has seen 31 BUY and 6 SELL insider trades, representing the acquisition of 741,650 and the disposition of 335,687 shares. Over the last 12 months, there were 31 BUYs and 6 SELLs from insiders. Insiders purchased 741,650 shares during that period but sold 335,687.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. TEGNA Inc. pays an annual dividend of $0.38, resulting in a dividend yield of 2.37%, and it has a price to earnings (P/E) ratio of 6.01. TGNA’s most recent ex-dividend date was 6/8/2023 when it declared a $0.0950 quarterly dividend that was paid in cash on 7/3/2023. Previously, the company paid the dividend on 4/3/2023 with an ex-dividend date of 3/9/2023. The TGNA stock dividend was $0.0950 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for TGNA in the last 3 months, the mean price target is $20.50 with high estimates of $22.00 and low estimates of $18.00. In terms of 52-week highs and lows, TGNA has a high of $22.29 and a low of $15.09.

As of this writing, TGNA has an earnings estimate of $0.44 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.47 per share and a lower estimate of $0.41. The company reported an EPS of $0.98 in the last quarter, which was -10.90% lower than expectations of $1.1.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. TGNA’s latest balance sheet shows that the firm has $56.99M in Cash & Short Term Investments as of fiscal 2021. There were $3.32B in debt and $375.13M in liabilities at the time. Its Book Value Per Share was $14.03, while its Total Shareholder’s Equity was $2.54B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 4.33.

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