TGNA - TEGNA Inc Stock Price, Fair Value and News

13.55USD+0.28 (+2.11%)Market Closed

Market Summary

USD13.55+0.28

Market Closed

2.11%

TGNA Alerts

2 major insider sales recently.

TGNA Stock Price

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TGNA RSI Chart

TGNA Valuation

Market Cap

2.3B

Price/Earnings (Trailing)

4.9

Price/Sales (Trailing)

0.8

EV/EBITDA

6.22

Price/Free Cashflow

4.39

TGNA Price/Sales (Trailing)

TGNA Profitability

Operating Margin

67.92%

EBT Margin

21.08%

Return on Equity

17.62%

Return on Assets

6.81%

Free Cashflow Yield

22.79%

TGNA Fundamentals

TGNA Revenue

Revenue (TTM)

2.9B

Rev. Growth (Yr)

-20.86%

Rev. Growth (Qtr)

1.77%

TGNA Earnings

Earnings (TTM)

476.7M

Earnings Growth (Yr)

-65.17%

Earnings Growth (Qtr)

-20.85%

Breaking Down TGNA Revenue

Last 7 days

-3.8%

Last 30 days

-7.5%

Last 90 days

-13.4%

Trailing 12 Months

-22.5%

How does TGNA drawdown profile look like?

TGNA Financial Health

Current Ratio

2.48

Debt/Equity

1.14

Debt/Cashflow

0.19

TGNA Investor Care

Dividend Yield

3.17%

Dividend/Share (TTM)

0.42

Buy Backs (1Y)

21.22%

Diluted EPS (TTM)

2.28

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	3.2B	3.2B	3.1B	2.9B
2022	3.0B	3.1B	3.1B	3.3B
2021	3.0B	3.1B	3.2B	3.0B
2020	2.5B	2.5B	2.7B	2.9B
2019	2.2B	2.2B	2.2B	2.3B
2018	1.9B	2.0B	2.1B	2.2B
2017	1.8B	1.9B	1.8B	1.9B
2016	1.9B	2.0B	2.1B	2.2B
2015	3.5B	2.8B	2.9B	1.8B
2014	2.3B	2.9B	3.6B	4.2B
2013	5.4B	5.4B	5.3B	1.6B
2012	5.2B	5.2B	5.2B	5.4B
2011	5.4B	5.4B	5.3B	5.2B
2010	5.4B	5.4B	5.4B	5.4B
2009	6.3B	6.0B	5.7B	5.5B
2008	0	7.2B	6.9B	6.6B
2007	0	0	0	7.4B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of TEGNA Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	witmer melinda	acquired	-	-	11,223	-
Apr 01, 2024	lougee david t	sold	-643,125	14.7	-43,750	president and ceo
Mar 15, 2024	fisher newberg lauren	sold	-127,155	15.00	-8,477	svp and chief legal officer
Feb 29, 2024	fisher newberg lauren	sold (taxes)	-97,565	14.01	-6,964	svp and chief legal officer
Feb 29, 2024	cox thomas r.	sold (taxes)	-447,199	14.01	-31,920	see remarks
Feb 29, 2024	trelstad lynn b.	sold (taxes)	-445,518	14.01	-31,800	evp and coo, media operations
Feb 29, 2024	lougee david t	sold (taxes)	-1,533,510	14.01	-109,458	president and ceo
Feb 29, 2024	trelstad lynn b.	acquired	-	-	65,393	evp and coo, media operations
Feb 29, 2024	heskett julie	sold (taxes)	-257,378	14.01	-18,371	svp and cfo
Feb 29, 2024	trelstad lynn b.	acquired	-	-	8,664	evp and coo, media operations

Which funds bought or sold TGNA recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 17, 2024	NEW MEXICO EDUCATIONAL RETIREMENT BOARD	reduced	-0.22	322,000	1,020,000	0.04%
Apr 17, 2024	Iron Horse Wealth Management, LLC	unchanged	-	-17.00	702	-%
Apr 16, 2024	Stratos Wealth Advisors, LLC	added	7.14	54,935	1,245,440	0.07%
Apr 16, 2024	Financial Management Professionals, Inc.	sold off	-100	-	-	-%
Apr 16, 2024	Arlington Trust Co LLC	sold off	-100	-857	-	-%
Apr 16, 2024	Hodges Capital Management Inc.	sold off	-100	-6,966,000	-	-%
Apr 15, 2024	MCDONALD PARTNERS LLC	new	-	462,393	462,393	0.13%
Apr 15, 2024	Sunbelt Securities, Inc.	added	1.92	-13.00	785	-%
Apr 15, 2024	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	added	1.36	-1,702	163,951	-%
Apr 15, 2024	Legato Capital Management LLC	reduced	-0.11	-41,145	1,632,570	0.20%

Are Funds Buying or Selling TGNA?

Are funds buying TGNA calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TGNA

No. of Funds

TGNA Alerts

2 major insider sales recently.

Unveiling TEGNA Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	12.86%	25,326,932	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	5.2%	10,294,663	SC 13G
Jan 23, 2024	blackrock inc.	13.3%	26,159,657	SC 13G/A
Feb 13, 2023	boston partners	1.06%	2,377,752	SC 13G/A
Feb 09, 2023	vanguard group inc	10.52%	23,487,739	SC 13G/A
Jan 23, 2023	blackrock inc.	12.2%	27,262,784	SC 13G/A
Feb 11, 2022	boston partners	5.16%	11,420,907	SC 13G
Feb 10, 2022	vanguard group inc	10.55%	23,336,977	SC 13G/A
Jan 27, 2022	blackrock inc.	11.9%	26,368,438	SC 13G/A
Jan 25, 2022	blackrock inc.	11.9%	26,368,438	SC 13G/A

Recent SEC filings of TEGNA Inc

View All Filings

Date Filed	Form Type	Document
Apr 03, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Apr 01, 2024	144	Notice of Insider Sale Intent
Mar 19, 2024	4	Insider Trading
Mar 15, 2024	144	Notice of Insider Sale Intent
Mar 14, 2024	4/A	Insider Trading
Mar 14, 2024	4/A	Insider Trading
Mar 14, 2024	4/A	Insider Trading
Mar 14, 2024	4/A	Insider Trading
Mar 14, 2024	4/A	Insider Trading

Peers (Alternatives to TEGNA Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MID-CAP
NYT	6.9B	2.4B	-3.88%	4.92%	29.49	2.83	5.10%	33.63%
TGNA	2.3B	2.9B	-7.47%	-22.50%	4.9	0.8	-11.23%	-24.39%
SMALL-CAP
GTN	519.8M	3.3B	-0.18%	-	-6.84	0.16	-10.75%	-116.70%
GCI	358.6M	2.7B	20.50%	34.64%	-12.9	0.13	-9.57%	64.37%
CMLS	45.5M	844.5M	-18.40%	-27.63%	-0.39	0.05	-11.43%	-826.08%
BBGI	21.8M	247.1M	-6.41%	-3.96%	-0.29	0.09	-3.62%	-78.30%
EDUC	19.3M	57.0M	20.32%	-2.17%	79.92	0.34	-40.68%	192.35%

TEGNA Inc News

Latest updates

TEGNA Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	1.8%	726	713	732	740	917	803	785	774	775	756	733	727	938	738	578	684	694	552	537	517	642
Costs and Expenses	0.6%	582	579	450	567	589	571	564	565	565	545	547	531	544	511	503	510	517	445	394	384	389
S&GA Expenses	19.2%	117	98.00	97.00	99.00	114	99.00	100	102	110	100	97.00	89.00	98.00	90.00	85.00	93.00	103	78.00	74.00	71.00	86.00
EBITDA Margin	6.9%	0.29*	0.27*	0.26*	0.26*	0.25*	0.27*	0.27*	0.28*	0.28*	0.28*	0.28*	-	-	-	-	-	-	-	-	-	-
Interest Expenses	0.8%	44.00	43.00	43.00	43.00	44.00	43.00	43.00	44.00	46.00	46.00	47.00	46.00	50.00	52.00	52.00	57.00	60.00	52.00	46.00	46.00	47.00
Income Taxes	-5.1%	26.00	28.00	44.00	32.00	70.00	44.00	44.00	45.00	32.00	37.00	31.00	36.00	85.00	42.00	7.00	21.00	37.00	5.00	25.00	23.00	45.00
Earnings Before Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	105	97.00	206
EBT Margin	6.6%	0.21*	0.20*	0.19*	0.19*	0.19*	0.20*	0.20*	0.20*	0.21*	0.20*	0.20*	-	-	-	-	-	-	-	-	-	-
Net Income	-20.8%	76.00	96.00	200	104	219	146	132	134	129	128	107	113	244	132	20.00	86.00	84.00	48.00	80.00	74.00	161
Net Income Margin	-17.9%	0.16*	0.20*	0.21*	0.19*	0.19*	0.17*	0.17*	0.16*	0.16*	0.19*	0.19*	0.17*	-	-	-	-	-	-	-	-	-
Free Cashflow	76.8%	153	87.00	125	168	196	197	178	191	135	134	124	45.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-2.7%	7,000	7,195	7,115	7,394	7,329	7,124	6,965	6,854	6,918	6,931	6,843	6,858	6,849	6,945	6,928	6,894	6,954	6,902	5,413	5,324	5,277
Current Assets	-15.5%	1,050	1,242	1,144	1,400	1,304	1,071	885	769	788	757	698	693	673	763	711	647	707	648	537	519	635
Cash Equivalents	-34.7%	361	553	489	683	552	377	201	43.00	57.00	51.00	57.00	13.00	41.00	165	173	35.00	29.00	9.00	29.00	4.00	136
Net PPE	2.4%	452	441	442	445	457	457	459	457	467	460	466	470	470	471	481	485	486	471	385	387	375
Goodwill	0%	2,982	2,982	2,982	2,982	2,980	2,982	2,982	2,982	2,982	2,982	2,982	2,982	2,969	2,969	2,969	2,967	2,951	128	24.00	2,606	2,597
Liabilities	1.4%	4,276	4,216	4,193	4,225	4,240	4,229	4,207	4,218	4,382	4,495	4,569	4,703	4,776	5,131	5,239	5,222	5,364	5,381	3,933	3,918	3,936
Current Liabilities	18.4%	423	358	333	378	391	395	371	380	375	351	318	389	424	399	317	324	361	375	277	324	369
Long Term Debt	0.0%	3,073	3,072	3,071	3,070	3,069	3,068	3,068	3,067	3,232	3,337	3,456	3,517	3,553	3,906	4,098	4,072	4,179	4,181	2,954	2,891	2,944
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LT Debt, Non Current	0.0%	3,073	3,072	3,071	3,070	3,069	3,068	3,068	3,067	3,232	3,337	3,456	3,517	3,553	3,906	4,098	4,072	4,179	4,181	2,954	2,891	2,944
Shareholder's Equity	-8.6%	2,705	2,961	2,904	3,151	3,072	2,878	2,742	2,619	2,520	2,420	2,259	2,139	2,058	1,800	1,675	1,658	1,590	1,522	1,480	1,405	1,341
Retained Earnings	0.4%	8,091	8,063	7,989	7,880	7,898	7,704	7,583	7,480	7,459	7,351	7,249	7,152	7,076	6,847	6,730	6,726	6,655	6,586	6,553	6,488	6,430
Additional Paid-In Capital	-61.4%	28.00	72.00	28.00	28.00	28.00	28.00	28.00	28.00	28.00	28.00	28.00	28.00	113	120	140	152	247	252	256	263	301
Accumulated Depreciation	1.6%	626	616	635	623	610	599	612	601	587	574	582	570	556	541	544	529	512	515	510	497	483
Shares Outstanding	3.4%	208	201	221	225	224	223	223	223	222	221	221	221	-	-	-	-	-	-	-	-	-
Float	-	-	-	3,229	-	-	-	4,639	-	-	-	4,120	-	-	-	2,426	-	-	-	3,271	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	76.0%	178,410	101,354	137,098	170,387	211,446	209,318	195,127	196,260	159,008	146,111	138,422	58,071	289,385	202,209	136,178	177,364	82,888	97,734	68,442	48,409	194,549
Share Based Compensation	38.7%	9,094	6,558	5,157	3,688	6,856	6,416	6,714	10,495	8,378	6,965	7,411	8,761	7,728	5,010	8,325	-757	6,259	4,445	5,009	4,433	239
Cashflow From Investing	-294.3%	-24,894	12,812	-11,785	-4,122	-15,170	-12,243	-16,489	-7,330	-23,900	-11,104	-11,021	-23,231	-35,109	-3,355	-5,494	-15,563	-40,443	-1,325,322	-87,668	-110,037	-22,009
Cashflow From Financing	-584.1%	-345,510	-50,509	-319,119	-34,767	-21,236	-21,204	-21,184	-202,603	-129,333	-141,055	-82,992	-62,955	-377,894	-207,338	7,327	-156,146	-22,235	1,207,514	44,676	-70,416	-60,444
Dividend Payments	-9.4%	20,456	22,589	19,129	21,360	21,223	21,202	21,180	21,151	21,030	21,009	20,987	15,439	15,355	15,334	15,306	30,470	15,173	15,157	15,216	15,078	15,071
Buy Backs	1032.2%	325,000	28,704	438,744	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-31.00

TGNA Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Income Statement [Abstract]

Revenues

$ 2,910,930

$ 3,279,245

$ 2,991,093

Operating expenses:

Cost of revenues

^[1]

1,718,857

1,693,221

1,598,759

Business units - Selling, general and administrative expenses

412,000

414,530

396,446

Corporate - General and administrative expenses

65,933

60,108

68,127

Depreciation

59,769

61,195

64,841

Amortization of intangible assets

53,467

59,882

63,011

Asset impairment and other (see Note 10)

3,359

(323)

(2,307)

Merger termination fee

(136,000)

Total

2,177,385

2,288,613

2,188,877

Operating income

733,545

990,632

802,216

Non-operating (expense) income:

Equity loss in unconsolidated investments, net

(877)

(4,473)

(9,713)

Interest expense

(172,904)

(174,022)

(185,650)

Interest income

29,292

6,922

Other non-operating items, net

17,490

14,509

6,823

Total

(126,999)

(157,064)

(188,538)

Income before income taxes

606,546

833,568

613,678

Provision for income taxes

130,199

202,370

135,481

Net Income

476,347

631,198

478,197

Net loss (income) attributable to redeemable noncontrolling interest

377

(729)

(1,242)

Net income attributable to TEGNA Inc.

$ 476,724

$ 630,469

$ 476,955

Earnings per share - basic (in dollars per share)

$ 2.29

$ 2.82

$ 2.15

Earnings per share - diluted (in dollars per share)

$ 2.28

$ 2.81

$ 2.14

Weighted average number of common shares outstanding:

Basic (in shares)

207,594

223,652

221,504

Diluted (in shares)

207,947

224,486

222,471

[1]	Cost of revenues exclude charges for depreciation and amortization expense, which are shown separately above.

TGNA Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 361,036	$ 551,681
Accounts receivable, net of allowances of $2,845 and $3,697, respectively	624,445	658,318
Other receivables	9,299	13,493
Syndicated programming rights	31,530	44,064
Prepaid expenses and other current assets	24,008	36,152
Total current assets	1,050,318	1,303,708
Property and equipment
Land	86,442	86,447
Buildings and improvements	352,546	346,341
Equipment, furniture and fixtures	631,444	625,754
Construction in progress	7,777	8,649
Total	1,078,209	1,067,191
Less accumulated depreciation	(626,029)	(610,138)
Net property and equipment	452,180	457,053
Intangible and other assets
Goodwill	2,981,587	2,981,587
Indefinite-lived and amortizable intangible assets, less accumulated amortization of $289,949 and $348,087, respectively	2,328,972	2,381,606
Right-of-use assets for operating leases	73,479	78,448
Investments and other assets	113,521	126,494
Total intangible and other assets	5,497,559	5,568,135
Total assets	7,000,057	7,328,896
Current liabilities
Accounts payable	114,950	76,212
Accrued liabilities
Compensation	54,929	50,339
Interest	45,144	45,480
Contracts payable for programming rights	119,562	117,743
Other	82,782	78,265
Income taxes payable	6,005	22,985
Total current liabilities	423,372	391,024
Noncurrent liabilities
Net deferred income tax liabilities	578,219	556,131
Long-term debt	3,072,801	3,069,316
Pension liabilities	70,483	73,684
Operating lease liabilities	73,733	79,503
Other noncurrent liabilities	57,765	70,098
Total noncurrent liabilities	3,853,001	3,848,732
Total liabilities	4,276,373	4,239,756
Commitments and contingent liabilities (see Note 11)
Redeemable noncontrolling interest (see Note 1)	18,812	17,418
Shareholders’ equity
Common stock of $1 par value per share, 800,000,000 shares authorized, 324,418,632 shares issued	324,419	324,419
Additional paid-in capital	27,941	27,941
Retained earnings	8,091,245	7,898,055
Accumulated other comprehensive loss	(119,610)	(125,533)
Less treasury stock at cost, 144,502,338 shares and 100,970,426 shares, respectively	(5,619,123)	(5,053,160)
Total equity	2,704,872	3,071,722
Total liabilities, redeemable noncontrolling interest and equity	$ 7,000,057	$ 7,328,896

About TEGNA Inc

TEGNA Inc. operates as a media company in the United States. The company operates television stations that deliver television programming and digital content. It offers news content to consumers across various platforms, including online, mobile, connected television, and social platforms; owns and operates multicast networks under the names True Crime Network, Quest, and Twist that offer on-demand episodes of shows; and operates VAULT Studios, which provides true crime and investigative content in the form of podcasts and original television programs. In addition, the company provides solutions for advertisers through TEGNA Marketing Solutions (TMS). TMS delivers results for advertisers across television and digital platforms, as well as over-the-top (OTT) platforms, including Premion OTT advertising network. It operates 64 television stations in 51 markets. TEGNA Inc. was founded in 1906 and is headquartered in Tysons, Virginia.

CEO	Mr. David T. Lougee
WEBSITE	tegna.com
INDUSTRY	Media
EMPLOYEES	6300

TEGNA Inc Frequently Asked Questions

What is the ticker symbol for TEGNA Inc? What does TGNA stand for in stocks?

TGNA is the stock ticker symbol of TEGNA Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of TEGNA Inc (TGNA)?

As of Wed Apr 17 2024, market cap of TEGNA Inc is 2.34 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TGNA stock?

You can check TGNA's fair value in chart for subscribers.

What is the fair value of TGNA stock?

You can check TGNA's fair value in chart for subscribers. The fair value of TEGNA Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of TEGNA Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TGNA so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is TEGNA Inc a good stock to buy?

The fair value guage provides a quick view whether TGNA is over valued or under valued. Whether TEGNA Inc is cheap or expensive depends on the assumptions which impact TEGNA Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TGNA.

What is TEGNA Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 17 2024, TGNA's PE ratio (Price to Earnings) is 4.9 and Price to Sales (PS) ratio is 0.8. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TGNA PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on TEGNA Inc's stock?

In the past 10 years, TEGNA Inc has provided 0.016 (multiply by 100 for percentage) rate of return.