28-Mar-2024
Gannett Strengthens Financial Position with Debt Repayment
TipRanks (Tue, 26-Mar 7:32 AM ET)
Gannett announces debt reduction
Seeking Alpha News (Tue, 26-Mar 7:15 AM ET)
TEGNA to Host First Quarter 2024 Earnings Conference Call on Wednesday, May 8, 2024
Business Wire (Tue, 19-Mar 10:15 AM ET)
Globe Newswire (Fri, 1-Mar 8:30 AM ET)
TEGNA Inc. Reports Fourth Quarter and Full-Year 2023 Results and Provides Business Update
Business Wire (Thu, 29-Feb 8:00 AM ET)
TEGNA Names Tom Cox Chief Growth Officer and Daniel Spinosa President of Premion
Business Wire (Tue, 27-Feb 2:35 PM ET)
TEGNA Announces Quarterly Dividend
Business Wire (Wed, 21-Feb 3:15 PM ET)
Business Wire (Thu, 8-Feb 4:30 PM ET)
TEGNA Names Rick Rogala President and General Manager at WBNS in Columbus
Business Wire (Thu, 8-Feb 11:00 AM ET)
TEGNA's Premion Acquires Next-Generation DSP Octillion Media to Expand CTV Advertising Capabilities
Business Wire (Thu, 1-Feb 8:30 AM ET)
Tegna Inc is a media company with a portfolio of broadcast stations and digital sites. The firm has television stations and radio stations in approximately U.S. markets. The company owns multicast networks of True Crime Network, Twist, and Quest. Each television station also has a robust digital presence across online, mobile, connected television, and social platforms, reaching consumers on all devices and platforms used to consume news content. It generates key revenue from advertising and marketing services, subscriptions, political advertising, and other services.
Tegna trades on the NYSE stock market under the symbol TGNA.
As of March 28, 2024, TGNA stock price climbed to $14.94 with 1,883,801 million shares trading.
TGNA has a beta of 0.78, meaning it tends to be less sensitive to market movements. TGNA has a correlation of 0.12 to the broad based SPY ETF.
TGNA has a market cap of $2.94 billion. This is considered a Mid Cap stock.
Last quarter Tegna reported $726 million in Revenue and $.43 earnings per share. This fell short of revenue expectation by $-25 million and missed earnings estimates by -$.04.
In the last 3 years, TGNA stock traded as high as $23.04 and as low as $13.40.
The top ETF exchange traded funds that TGNA belongs to (by Net Assets): IJH, VTI, IWM, VB, VBR.
TGNA has underperformed the market in the last year with a price return of -4.8% while the SPY ETF gained +33.6%. TGNA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.2% and -1.0%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
TGNA support price is $14.55 and resistance is $15.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TGNA stock will trade within this expected range on the day.