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TEGNA Inc is a broadcasting business based in the US. TEGNA shares (TGNA) are listed on the NYSE and all prices are listed in US Dollars. TEGNA employs 6,883 staff and has a trailing 12-month revenue of around USD$2.7 billion.
|52-week range||USD$9.4564 - USD$18.93|
|50-day moving average||USD$16.2606|
|200-day moving average||USD$13.7691|
|Wall St. target price||USD$18.07|
|Dividend yield||USD$0.28 (1.52%)|
|Earnings per share (TTM)||USD$1.46|
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Valuing TEGNA stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of TEGNA's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
TEGNA's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 13x. In other words, TEGNA shares trade at around 13x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
TEGNA's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.9557. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into TEGNA's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
TEGNA's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$827.7 million.
The EBITDA is a measure of a TEGNA's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$2.7 billion|
|Operating margin TTM||25.77%|
|Gross profit TTM||USD$1.1 billion|
|Return on assets TTM||6.27%|
|Return on equity TTM||19.31%|
|Market capitalisation||USD$4.1 billion|
TTM: trailing 12 months
There are currently 6.4 million TEGNA shares held short by investors – that's known as TEGNA's "short interest". This figure is 13.3% up from 5.6 million last month.
There are a few different ways that this level of interest in shorting TEGNA shares can be evaluated.
TEGNA's "short interest ratio" (SIR) is the quantity of TEGNA shares currently shorted divided by the average quantity of TEGNA shares traded daily (recently around 1.6 million). TEGNA's SIR currently stands at 3.99. In other words for every 100,000 TEGNA shares traded daily on the market, roughly 3990 shares are currently held short.
However TEGNA's short interest can also be evaluated against the total number of TEGNA shares, or, against the total number of tradable TEGNA shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case TEGNA's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 TEGNA shares in existence, roughly 30 shares are currently held short) or 0.0379% of the tradable shares (for every 100,000 tradable TEGNA shares, roughly 38 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against TEGNA.
Find out more about how you can short TEGNA stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like TEGNA.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 18.11
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and TEGNA's overall score of 18.11 (as at 01/01/2019) is excellent – landing it in it in the 10th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like TEGNA is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 3/100
TEGNA's environmental score of 3 puts it squarely in the 3rd percentile of companies rated in the same sector. This could suggest that TEGNA is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 3/100
TEGNA's social score of 3 puts it squarely in the 3rd percentile of companies rated in the same sector. This could suggest that TEGNA is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 3/100
TEGNA's governance score puts it squarely in the 3rd percentile of companies rated in the same sector. That could suggest that TEGNA is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 1/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. TEGNA scored a 1 out of 5 for controversy – the highest score possible, reflecting that TEGNA has managed to keep its nose clean.
|Total ESG score||18.11|
|Total ESG percentile||9.72|
|Environmental score percentile||3|
|Social score percentile||3|
|Governance score percentile||3|
|Level of controversy||1|
Dividend payout ratio: 24.56% of net profits
Recently TEGNA has paid out, on average, around 24.56% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.52% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), TEGNA shareholders could enjoy a 1.52% return on their shares, in the form of dividend payments. In TEGNA's case, that would currently equate to about $0.28 per share.
While TEGNA's payout ratio might seem low, this can signify that TEGNA is investing more in its future growth.
TEGNA's most recent dividend payout was on 1 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 4 March 2021 (the "ex-dividend date").
TEGNA's shares were split on a 15625:1000 basis on 1 June 2017. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 15625 shares. This wouldn't directly have changed the overall worth of your TEGNA shares – just the quantity. However, indirectly, the new 93.6% lower share price could have impacted the market appetite for TEGNA shares which in turn could have impacted TEGNA's share price.
Over the last 12 months, TEGNA's shares have ranged in value from as little as $9.4564 up to $18.93. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while TEGNA's is 1.2433. This would suggest that TEGNA's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
TEGNA Inc. operates as a media company in the United States. The company operates television stations and radio stations that deliver television programming and digital content. It offers content and information to consumers across various platforms. The company also provides solutions for advertisers through TEGNA Marketing Solutions (TMS). TMS is a one-stop shop that helps businesses through a suite of services and solutions that reach consumers in television, email, and social platforms, as well as over-the-top (OTT) platforms, including Premion OTT advertising network. As of February 19, 2020, it operated 62 television stations and four radio stations in 51 markets. The company was formerly known as Gannett Co., Inc. and changed its name to TEGNA Inc. in June 2015. TEGNA Inc. was founded in 1906 and is headquartered in Tysons, Virginia.
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