Latest news with #TEGNA
Yahoo
6 days ago
- Business
- Yahoo
TEGNA (TGNA) Stock Trades Up, Here Is Why
What Happened? Shares of broadcasting and digital media company TEGNA (NYSE:TGNA) jumped 3.4% in the afternoon session after the United States and Japan reached a new trade agreement. The television broadcasting company's stock rose in the absence of any specific company news or press releases. Instead, the upward move appeared tied to positive sentiment across the wider market. Investor optimism was fueled by the announcement of a new trade deal between the U.S. and Japan, which spurred a rally across major U.S. equity indexes, including the S&P 500 and the Dow Jones Industrial Average. This favorable macroeconomic backdrop often lifts individual stocks as overall market risk appetite increases. After the initial pop the shares cooled down to $17.20, up 3.3% from previous close. Is now the time to buy TEGNA? Access our full analysis report here, it's free. What Is The Market Telling Us TEGNA's shares are not very volatile and have only had 7 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. TEGNA is down 8.4% since the beginning of the year, and at $17.20 per share, it is trading 11% below its 52-week high of $19.32 from November 2024. Investors who bought $1,000 worth of TEGNA's shares 5 years ago would now be looking at an investment worth $1,469. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-06-2025
- Business
- Yahoo
Investing in TEGNA (NYSE:TGNA) five years ago would have delivered you a 75% gain
If you buy and hold a stock for many years, you'd hope to be making a profit. Furthermore, you'd generally like to see the share price rise faster than the market. But TEGNA Inc. (NYSE:TGNA) has fallen short of that second goal, with a share price rise of 55% over five years, which is below the market return. On a brighter note, more newer shareholders are probably rather content with the 20% share price gain over twelve months. Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Over half a decade, TEGNA managed to grow its earnings per share at 16% a year. This EPS growth is higher than the 9% average annual increase in the share price. So one could conclude that the broader market has become more cautious towards the stock. The reasonably low P/E ratio of 5.77 also suggests market apprehension. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). It might be well worthwhile taking a look at our free report on TEGNA's earnings, revenue and cash flow. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of TEGNA, it has a TSR of 75% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments! It's nice to see that TEGNA shareholders have received a total shareholder return of 24% over the last year. That's including the dividend. That gain is better than the annual TSR over five years, which is 12%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. It's always interesting to track share price performance over the longer term. But to understand TEGNA better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with TEGNA , and understanding them should be part of your investment process. We will like TEGNA better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. — Investing narratives with Fair Values A case for TSXV:USA to reach USD $5.00 - $9.00 (CAD $7.30–$12.29) by 2029. By Agricola – Community Contributor Fair Value Estimated: CA$12.29 · 0.9% Overvalued DLocal's Future Growth Fueled by 35% Revenue and Profit Margin Boosts By WynnLevi – Community Contributor Fair Value Estimated: $195.39 · 0.9% Overvalued Historically Cheap, but the Margin of Safety Is Still Thin By Mandelman – Community Contributor Fair Value Estimated: SEK232.58 · 0.1% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
01-06-2025
- Business
- Yahoo
Be Sure To Check Out TEGNA Inc. (NYSE:TGNA) Before It Goes Ex-Dividend
TEGNA Inc. (NYSE:TGNA) is about to trade ex-dividend in the next 4 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. In other words, investors can purchase TEGNA's shares before the 6th of June in order to be eligible for the dividend, which will be paid on the 1st of July. The company's next dividend payment will be US$0.125 per share. Last year, in total, the company distributed US$0.50 to shareholders. Looking at the last 12 months of distributions, TEGNA has a trailing yield of approximately 3.0% on its current stock price of US$16.72. If you buy this business for its dividend, you should have an idea of whether TEGNA's dividend is reliable and sustainable. As a result, readers should always check whether TEGNA has been able to grow its dividends, or if the dividend might be cut. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. TEGNA is paying out just 18% of its profit after tax, which is comfortably low and leaves plenty of breathing room in the case of adverse events. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. The good news is it paid out just 14% of its free cash flow in the last year. It's positive to see that TEGNA's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. Check out our latest analysis for TEGNA Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. If earnings fall far enough, the company could be forced to cut its dividend. For this reason, we're glad to see TEGNA's earnings per share have risen 17% per annum over the last five years. Earnings per share have been growing rapidly and the company is retaining a majority of its earnings within the business. This will make it easier to fund future growth efforts and we think this is an attractive combination - plus the dividend can always be increased later. The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. TEGNA has seen its dividend decline 4.6% per annum on average over the past 10 years, which is not great to see. It's unusual to see earnings per share increasing at the same time as dividends per share have been in decline. We'd hope it's because the company is reinvesting heavily in its business, but it could also suggest business is lumpy. From a dividend perspective, should investors buy or avoid TEGNA? TEGNA has grown its earnings per share while simultaneously reinvesting in the business. Unfortunately it's cut the dividend at least once in the past 10 years, but the conservative payout ratio makes the current dividend look sustainable. It's a promising combination that should mark this company worthy of closer attention. In light of that, while TEGNA has an appealing dividend, it's worth knowing the risks involved with this stock. Our analysis shows 2 warning signs for TEGNA and you should be aware of them before buying any shares. Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
TEGNA's (NYSE:TGNA) Dividend Will Be $0.125
TEGNA Inc.'s (NYSE:TGNA) investors are due to receive a payment of $0.125 per share on 1st of July. This payment means that the dividend yield will be 3.0%, which is around the industry average. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Solid dividend yields are great, but they only really help us if the payment is sustainable. However, TEGNA's earnings easily cover the dividend. As a result, a large proportion of what it earned was being reinvested back into the business. Looking forward, earnings per share is forecast to fall by 8.0% over the next year. If the dividend continues along recent trends, we estimate the payout ratio could be 17%, which we consider to be quite comfortable, with most of the company's earnings left over to grow the business in the future. Check out our latest analysis for TEGNA Although the company has a long dividend history, it has been cut at least once in the last 10 years. Since 2015, the annual payment back then was $0.80, compared to the most recent full-year payment of $0.50. This works out to be a decline of approximately 4.6% per year over that time. Declining dividends isn't generally what we look for as they can indicate that the company is running into some challenges. With a relatively unstable dividend, it's even more important to evaluate if earnings per share is growing, which could point to a growing dividend in the future. TEGNA has impressed us by growing EPS at 16% per year over the past five years. With a decent amount of growth and a low payout ratio, we think this bodes well for TEGNA's prospects of growing its dividend payments in the future. Overall, we think that this is a great income investment, and we think that maintaining the dividend this year may have been a conservative choice. The distributions are easily covered by earnings, and there is plenty of cash being generated as well. However, it is worth noting that the earnings are expected to fall over the next year, which may not change the long term outlook, but could affect the dividend payment in the next 12 months. Taking this all into consideration, this looks like it could be a good dividend opportunity. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. However, there are other things to consider for investors when analysing stock performance. For example, we've picked out 2 warning signs for TEGNA that investors should know about before committing capital to this stock. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Q1 Earnings Outperformers: TEGNA (NYSE:TGNA) And The Rest Of The Broadcasting Stocks
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let's have a look at TEGNA (NYSE:TGNA) and its peers. Broadcasting companies have been facing secular headwinds in the form of consumers abandoning traditional television and radio in favor of streaming services. As a result, many broadcasting companies have evolved by forming distribution agreements with major streaming platforms so they can get in on part of the action, but will these subscription revenues be as high quality and high margin as their legacy revenues? Only time will tell which of these broadcasters will survive the sea changes of technological advancement and fragmenting consumer attention. The 7 broadcasting stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 1.1% while next quarter's revenue guidance was 0.6% below. In light of this news, share prices of the companies have held steady as they are up 1.3% on average since the latest earnings results. Spun out of Gannett in 2015, TEGNA (NYSE:TGNA) is a media company operating a network of television stations and digital platforms, focusing on local news and community content. TEGNA reported revenues of $680 million, down 4.8% year on year. This print was in line with analysts' expectations, and overall, it was a satisfactory quarter for the company with a solid beat of analysts' EPS estimates but a miss of analysts' Subscription revenue estimates. 'We're making important progress on the key initiatives that are shaping TEGNA's future,' said Mike Steib, CEO. The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $16.74. Is now the time to buy TEGNA? Access our full analysis of the earnings results here, it's free. Founded in 1915, Fox (NASDAQ:FOXA) is a diversified media company, operating prominent cable news, television broadcasting, and digital media platforms. FOX reported revenues of $4.37 billion, up 26.8% year on year, outperforming analysts' expectations by 4.3%. The business had an exceptional quarter with a solid beat of analysts' adjusted operating income estimates and an impressive beat of analysts' EPS estimates. FOX achieved the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 9.4% since reporting. It currently trades at $55. Is now the time to buy FOX? Access our full analysis of the earnings results here, it's free. Occasionally featuring celebrity hosts like Ryan Seacrest on its shows, iHeartMedia (NASDAQ:IHRT) is a leading multimedia company renowned for its extensive network of radio stations, digital platforms, and live events across the globe. iHeartMedia reported revenues of $807.1 million, up 1% year on year, exceeding analysts' expectations by 2.6%. Still, it was a slower quarter as it posted a significant miss of analysts' adjusted operating income estimates. Interestingly, the stock is up 2.4% since the results and currently trades at $1.30. Read our full analysis of iHeartMedia's results here. Originally the joint-venture of four cable television companies, AMC Networks (NASDAQ:AMCX) is a broadcaster producing a diverse range of television shows and movies. AMC Networks reported revenues of $555.2 million, down 6.9% year on year. This result came in 2.6% below analysts' expectations. Overall, it was a slower quarter as it also produced a significant miss of analysts' EPS estimates and a miss of analysts' Affiliate revenue estimates. AMC Networks had the weakest performance against analyst estimates and slowest revenue growth among its peers. The stock is up 1.8% since reporting and currently trades at $6.30. Read our full, actionable report on AMC Networks here, it's free. Specializing in local media coverage, Gray Television (NYSE:GTN) is a broadcast company supplying digital media to various markets in the United States. Gray Television reported revenues of $782 million, down 5% year on year. This print beat analysts' expectations by 1.1%. It was an exceptional quarter as it also logged a solid beat of analysts' EPS estimates and an impressive beat of analysts' adjusted operating income estimates. The stock is up 9.8% since reporting and currently trades at $4.08. Read our full, actionable report on Gray Television here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
