Market Summary
USD15.25+0.29
Market Closed1.94%
TGNA Stock Price
TGNA RSI Chart
TGNA Valuation
TGNA Price/Sales (Trailing)
TGNA Profitability
TGNA Fundamentals
TGNA Revenue
TGNA Earnings
Price Action
52 Week Range
22.29
(Low)(High)
Last 7 days
-6.3%
Last 30 days
-7.1%
Last 90 days
-0.3%
Trailing 12 Months
-29.5%
TGNA Financial Health
TGNA Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for TGNA
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-30 | Trelstad Lynn B. | sold | -497,100 | 16.57 | -30,000 | evp and coo, media operations |
2023-08-30 | Trelstad Lynn B. | sold | -109,740 | 16.65 | -6,591 | evp and coo, media operations |
2023-05-01 | Grimes Karen H. | acquired | - | - | 6,039 | - |
2023-05-01 | Epstein Stuart J. | acquired | - | - | 6,039 | - |
2023-05-01 | NOLOP BRUCE P | acquired | - | - | 6,039 | - |
2023-05-01 | McCune Scott K | acquired | - | - | 6,039 | - |
2023-05-01 | Fonseca Lidia | acquired | - | - | 6,039 | - |
2023-04-01 | Witmer Melinda | acquired | - | - | 8,576 | - |
2023-02-28 | Trelstad Lynn B. | sold (taxes) | -72,645 | 17.4 | -4,175 | evp and coo, media operations |
2023-02-28 | Trelstad Lynn B. | sold (taxes) | -829,214 | 17.4 | -47,656 | evp and coo, media operations |
Which funds bought or sold TGNA recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | reduced | -11.75 | -856 | 4,758 | -% |
2023-09-12 | DAVIDSON KEMPNER CAPITAL MANAGEMENT LP | new | - | 5,949,440 | 5,949,440 | 0.15% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | -41.00 | 991 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 6,528 | 6,528 | -% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -69,144 | 1,675,970 | 0.02% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -2.48 | -26,082 | 384,032 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 10.84 | 37,000 | 610,000 | 0.01% |
2023-08-21 | BOKF, NA | sold off | -100 | -68.00 | - | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -6.64 | -569,486 | 4,939,620 | 0.01% |
2023-08-17 | STANSBERRY ASSET MANAGEMENT, LLC | reduced | -55.44 | -5,920,470 | 4,429,810 | 0.81% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Tegna
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | |
| May 12, 2021 | standard general l.p. | 4.8% | 10,613,149 | SC 13D/A | |
| May 10, 2021 | vanguard group inc | 10.07% | 22,224,881 | SC 13G/A | |
| Mar 17, 2021 | standard general l.p. | 7.0% | 15,375,927 | SC 13D/A |
Recent SEC filings of Tegna
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 31, 2023 | 4 | Insider Trading | |
| Aug 30, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 30, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 30, 2023 | 144/A | 144/A | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading |
Peers (Alternatives to Tegna)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CHTR | 67.1B | 54.5B | 8.09% | 26.57% | 14.01 | 1.23 | 2.60% | -15.83% |
SIRI | 15.8B | 9.0B | -3.98% | -28.94% | 13.65 | 1.76 | 0.44% | -8.55% |
| MID-CAP | ||||||||
NYT | 6.9B | 2.4B | -0.99% | 44.33% | 39.27 | 2.93 | 7.76% | -7.72% |
NXST | 5.1B | 5.3B | -8.37% | -22.64% | 7.27 | 0.97 | 8.13% | -23.40% |
CABO | 3.6B | 1.7B | -1.28% | -35.52% | 33.95 | 2.12 | -1.31% | -70.36% |
DISH | 3.4B | 16.0B | 0.32% | -60.34% | 1.85 | 0.21 | -8.20% | -13.13% |
TGNA | 3.3B | 3.2B | -7.07% | -29.50% | 4.96 | 1.04 | 3.30% | 27.80% |
| SMALL-CAP | ||||||||
ATUS | 1.5B | 9.4B | 11.55% | -54.87% | -384.5 | 0.16 | -6.01% | -100.49% |
IHRT | 510.2M | 3.8B | -2.56% | -64.63% | -0.38 | 0.13 | 1.55% | -1758.48% |
DJCO | 406.0M | 64.7M | -2.37% | 15.43% | -24.04 | 6.28 | 36.21% | 47.57% |
GCI | 384.7M | 2.8B | -12.84% | 30.30% | -16.25 | 0.14 | -10.68% | 63.24% |
LEE | 72.3M | 720.8M | 2.74% | -36.68% | -5.33 | 0.09 | -7.74% | -205.58% |
Tegna News
Returns for TGNA
Cumulative Returns on TGNA
3.6%
10-Year Cumulative Returns
3.7%
7-Year Cumulative Returns
6.6%
5-Year Cumulative Returns
9.8%
3-Year Cumulative Returns
Risks for TGNA
What is the probability of a big loss on TGNA?
52.7%
Probability that Tegna stock will be more than 20% underwater in next one year
32.3%
Probability that Tegna stock will be more than 30% underwater in next one year.
18.9%
Probability that Tegna stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does TGNA drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Tegna was unfortunately bought at previous high price.
Drawdowns
Financials for Tegna
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -1.6% | 3,192 | 3,245 | 3,279 | 3,137 | 3,090 | 3,038 | 2,991 | 3,154 | 3,136 | 2,981 | 2,938 | 2,694 | 2,508 | 2,467 | 2,299 | 2,248 | 2,235 | 2,222 | 2,207 | 2,055 | 1,981 |
| S&GA Expenses | -0.6% | 409 | 412 | 415 | 410 | 412 | 409 | 396 | 384 | 374 | 362 | 366 | 371 | 359 | 348 | 327 | 310 | 308 | 313 | 315 | 302 | 296 |
| EBITDA | - | - | - | - | - | 824 | 828 | 864 | - | - | 969 | 981 | 730 | 727 | 708 | 684 | 810 | 795 | 811 | - | - | - |
| EBITDA Margin | - | - | - | - | - | 0.27* | 0.27* | 0.29* | - | - | 0.32* | 0.33* | 0.27* | 0.29* | 0.29* | 0.30* | 0.36* | 0.36* | 0.36* | - | - | - |
| Interest Expenses | -0.1% | 173 | 173 | 174 | 176 | 179 | 183 | 186 | 189 | 195 | 200 | 210 | 221 | 222 | 216 | 205 | 192 | 188 | 191 | 192 | 193 | 197 |
| Earnings Before Taxes | - | - | - | - | - | - | - | 614 | - | - | - | 637 | - | - | - | 376 | - | 514 | 530 | 509 | 414 | 369 |
| EBT Margin | - | - | - | - | - | 0.20* | 0.20* | 0.21* | - | - | 0.21* | 0.22* | 0.14* | 0.15* | 0.15* | 0.16* | 0.23* | 0.23* | 0.24* | - | - | - |
| Net Income | 11.4% | 669 | 601 | 630 | 541 | 524 | 499 | 477 | 592 | 596 | 509 | 483 | 322 | 239 | 299 | 286 | 363 | 412 | 424 | 406 | 548 | 494 |
| Net Income Margin | -100.0% | - | 0.19* | 0.19* | 0.17* | 0.17* | 0.16* | 0.16* | 0.19* | 0.19* | 0.17* | 0.16* | 0.12* | 0.10* | 0.12* | 0.12* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 738 | 761 | 701 | 638 | 584 | 439 | 578 | 639 | 640 | 760 | 531 | 419 | 350 | 209 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -3.8% | 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 | 5,173 | 5,143 |
| Current Assets | -18.3% | 1,144 | 1,400 | 1,304 | 1,071 | 885 | 769 | 788 | 757 | 698 | 693 | 673 | 763 | 711 | 647 | 707 | 648 | 537 | 519 | 635 | 531 | 503 |
| Cash Equivalents | -28.4% | 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 | 24.00 | 25.00 |
| Net PPE | -0.8% | 442 | 445 | 457 | 457 | 459 | 457 | 467 | 460 | 466 | 470 | 470 | 471 | 481 | 485 | 486 | 471 | 385 | 387 | 375 | 355 | 351 |
| Goodwill | 0% | 2,982 | 2,982 | 2,982 | 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 | 2,597 | 2,597 |
| Liabilities | -0.8% | 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 | 3,967 | 4,026 |
| Current Liabilities | -12.0% | 333 | 378 | 391 | 395 | 371 | 380 | 375 | 351 | 318 | 389 | 424 | 399 | 317 | 324 | 361 | 375 | 277 | 324 | 369 | 360 | 261 |
| LT Debt, Current | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00 | 0.00 |
| LT Debt, Non Current | 0.0% | 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 | 2,989 | 3,131 |
| Shareholder's Equity | -7.8% | 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 | 1,206 | 1,117 |
| Retained Earnings | 1.4% | 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 | 6,284 | 6,202 |
| Additional Paid-In Capital | 0% | 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 | 306 | 304 |
| Accumulated Depreciation | 1.8% | 635 | 623 | 610 | 599 | 612 | 601 | 587 | 574 | 582 | 570 | 556 | 541 | 544 | 529 | 512 | 515 | 510 | 497 | 483 | 477 | 471 |
| Shares Outstanding | -3.0% | 218 | 225 | - | 224 | 224 | 223 | - | 222 | 222 | 221 | - | 220 | 219 | 218 | - | 217 | 217 | 217 | - | 216 | 216 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -7.4% | 728 | 786 | 812 | 760 | 697 | 640 | 502 | 632 | 688 | 686 | 805 | 599 | 494 | 426 | 297 | 409 | 490 | 524 | 527 | 370 | 300 |
| Share Based Compensation | -6.6% | 22.00 | 24.00 | 30.00 | 32.00 | 33.00 | 33.00 | 32.00 | 31.00 | 29.00 | 30.00 | 20.00 | 19.00 | 18.00 | 15.00 | 20.00 | 14.00 | 14.00 | 13.00 | 13.00 | 15.00 | 15.00 |
| Cashflow From Investing | 9.8% | -43.32 | -48.02 | -51.23 | -59.96 | -58.82 | -53.35 | -69.26 | -80.46 | -72.72 | -67.19 | -59.52 | -64.85 | -1,386 | -1,469 | -1,563 | -1,545 | -240 | -146 | -374 | -329 | -111 |
| Cashflow From Financing | -302.8% | -396 | -98.39 | -266 | -374 | -494 | -555 | -416 | -664 | -731 | -640 | -734 | -378 | 1,036 | 1,074 | 1,160 | 1,121 | -245 | -382 | -144 | -430 | -341 |
| Dividend Payments | -2.4% | 83.00 | 85.00 | 85.00 | 85.00 | 84.00 | 84.00 | 78.00 | 73.00 | 67.00 | 61.00 | 76.00 | 76.00 | 76.00 | 76.00 | 61.00 | 61.00 | 60.00 | 60.00 | 60.00 | 60.00 | 60.00 |
| Buy Backs | - | 1,755 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.00 | 21.00 | 21.00 |
TGNA Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |||
| Income Statement [Abstract] | ||||||
| Revenues | $ 731,506 | $ 784,881 | $ 1,471,833 | $ 1,559,004 | ||
| Operating expenses: | ||||||
| Cost of revenues | [1] | 430,528 | 420,235 | 857,460 | 831,685 | |
| Business units - Selling, general and administrative expenses | 97,231 | 99,585 | 196,340 | 201,554 | ||
| Corporate - General and administrative expenses | 26,506 | 13,612 | 38,606 | 34,932 | ||
| Depreciation | 14,987 | 15,534 | 30,036 | 30,839 | ||
| Amortization of intangible assets | 13,296 | 14,999 | 26,878 | 29,999 | ||
| Asset impairment and other | 3,359 | (105) | 3,359 | (163) | ||
| Merger termination fee | (136,000) | 0 | (136,000) | 0 | ||
| Total | 449,907 | 563,860 | 1,016,679 | 1,128,846 | ||
| Operating income | 281,599 | 221,021 | 455,154 | 430,158 | ||
| Non-operating (expense) income: | ||||||
| Equity loss in unconsolidated investments, net | (283) | (236) | (520) | (4,047) | ||
| Interest expense | (42,797) | (42,950) | (85,703) | (86,570) | ||
| Other non-operating items, net | 5,781 | (1,865) | 11,192 | 15,454 | ||
| Total | (37,299) | (45,051) | (75,031) | (75,163) | ||
| Income before income taxes | 244,300 | 175,970 | 380,123 | 354,995 | ||
| Provision for income taxes | 44,207 | 44,030 | 76,026 | 88,768 | ||
| Net Income | 200,093 | 131,940 | 304,097 | 266,227 | ||
| Net loss (income) attributable to redeemable noncontrolling interest | 12 | (371) | 311 | (424) | ||
| Net income attributable to TEGNA Inc. | $ 200,105 | $ 131,569 | $ 304,408 | $ 265,803 | ||
| Earnings per share: | ||||||
| Basic (in dollars per share) | $ 0.92 | $ 0.59 | $ 1.37 | $ 1.19 | ||
| Diluted (in dollars per share) | $ 0.92 | $ 0.59 | $ 1.37 | $ 1.19 | ||
| Weighted average number of common shares outstanding: | ||||||
| Basic shares (in shares) | 217,830 | 223,675 | 221,168 | 223,197 | ||
| Diluted shares (in shares) | 217,979 | 224,489 | 221,391 | 223,867 | ||
| ||||||
TGNA Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 489,373 | $ 551,681 |
| Accounts receivable, net of allowances of $4,249 and $3,697, respectively | 593,410 | 658,318 |
| Other receivables | 10,534 | 13,493 |
| Syndicated programming rights | 17,326 | 44,064 |
| Prepaid expenses and other current assets | 33,257 | 36,152 |
| Total current assets | 1,143,900 | 1,303,708 |
| Property and equipment | ||
| Cost | 1,076,634 | 1,067,191 |
| Less accumulated depreciation | (634,853) | (610,138) |
| Net property and equipment | 441,781 | 457,053 |
| Intangible and other assets | ||
| Goodwill | 2,981,587 | 2,981,587 |
| Indefinite-lived and amortizable intangible assets, less accumulated amortization of $263,484 and $348,087, respectively | 2,355,561 | 2,381,606 |
| Right-of-use assets for operating leases | 73,605 | 78,448 |
| Investments and other assets | 118,839 | 126,494 |
| Total intangible and other assets | 5,529,592 | 5,568,135 |
| Total assets | 7,115,273 | 7,328,896 |
| Current liabilities | ||
| Accounts payable | 78,788 | 76,212 |
| Accrued liabilities | ||
| Compensation | 38,598 | 50,339 |
| Interest | 44,625 | 45,480 |
| Contracts payable for programming rights | 99,593 | 117,743 |
| Other | 67,724 | 78,265 |
| Income taxes payable | 3,416 | 22,985 |
| Total current liabilities | 332,744 | 391,024 |
| Noncurrent liabilities | ||
| Deferred income tax liability | 574,975 | 556,131 |
| Long-term debt | 3,071,026 | 3,069,316 |
| Pension liabilities | 73,380 | 73,684 |
| Operating lease liabilities | 74,231 | 79,503 |
| Other noncurrent liabilities | 66,653 | 70,098 |
| Total noncurrent liabilities | 3,860,265 | 3,848,732 |
| Total liabilities | 4,193,009 | 4,239,756 |
| Commitments and contingent liabilities (see Note 9) | ||
| Redeemable noncontrolling interest (see Note 1) | 18,106 | 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 | 7,989,312 | 7,898,055 |
| Accumulated other comprehensive loss | (123,467) | (125,533) |
| Less treasury stock at cost, 122,978,320 shares and 100,970,426 shares, respectively | (5,314,047) | (5,053,160) |
| Total equity | 2,904,158 | 3,071,722 |
| Total liabilities, redeemable noncontrolling interest and equity | $ 7,115,273 | $ 7,328,896 |
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, 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. The company also 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. As of February 28, 2022, it operated 64 television 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.