Key Details
Price
$18.00Last Dividend
$0.13Annual ROE
16.34%Beta
0.82Events Calendar
Next earnings date:
Feb 28, 2025Recent quarterly earnings:
Nov 07, 2024Recent annual earnings:
Feb 29, 2024Next ex-dividend date:
Dec 06, 2024Recent ex-dividend date:
Sept 06, 2024Next split:
N/ARecent split:
June 01, 2017Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
TEGNA shares have surged 33% since September, driven by strong Q3 results and M&A optimism, nearing my $19-20 fair value target. Despite cord-cutting pressures, TEGNA's local news and sports rights provide resilience, with subscription revenue declines offset by higher per-customer revenue. Cost controls and strategic sports deals are maintaining margins and free cash flow, with $350 million returned to shareholders this year.
TGNA's third-quarter 2024 results reflect a year-over-year increase in the top line due to growth in political advertising and subscription revenues.
TEGNA Inc. (TGNA) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.39 per share a year ago.
TYSONS, Va.--(BUSINESS WIRE)-- #TEGNA--TEGNA Inc. (NYSE: TGNA) today announced financial results for the third quarter ended September 30, 2024. THIRD QUARTER FINANCIAL HIGHLIGHTS: All Year-Over-Year Comparisons Unless Otherwise Noted: Total company revenue increased 13% to $807 million, above our guidance range, primarily driven by strength in political advertising and positive growth in advertising and marketing services (AMS) revenue. Political advertising revenue totaled $126 million, a new third qu.
TGNA shares are suffering from weak subscription and advertising revenues. Despite higher political revenues, these should keep investors on the sidelines.
TEGNA shares have underperformed despite buybacks, given cord-cutting risks, but political spending and cost discipline offer potential upside. Recent results met expectations, with cost discipline efforts on track and political spending expected to boost Q3/Q4 revenue significantly. Advertising revenue faces cyclical headwinds, but political campaigns and the Olympics are set to drive substantial cash flow in H2 2024, leading to over $650 million of 2024 free cash flow.
TEGNA (TGNA) reported earnings 30 days ago. What's next for the stock?
DENVER , Aug. 20, 2024 /PRNewswire/ -- ALLCITY Network, the operator of multi-platform local sports networks, has raised its Series B funding. The round is led by public broadcast company, TEGNA (NYSE: TGNA).
TEGNA's (TGNA) second-quarter 2024 results reflect a year-over-year decline in the top line due to lower subscription revenues, partially offset by higher political advertising revenues.
Although the revenue and EPS for TEGNA (TGNA) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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