TGNA Stock Recent News
TGNA LATEST HEADLINES
TEGNA Inc. demonstrates potential as a media enterprise integrating traditional broadcasting with digital trends. Despite regulatory challenges, the company's strategic maneuvers highlight its dedication to shareholder value. Nevertheless, positive endorsements, such as that from investor Mario Gabelli, hint at a promising future with potential sector-wide M&A opportunities.
TEGNA's (TGNA) KENS station, in collaboration with the San Antonio Spurs, is set to broadcast 11 games during the 2023-24 season.
The case for investing in growth stocks has been muddled for quite some time. For example, 2022 was a terrible year for growth stocks across the board.
TYSONS, Va.--(BUSINESS WIRE)--TEGNA will host a conference call to discuss its third quarter 2023 earnings results on Tuesday, November 7, 2023, at 10:00 a.m. (ET).
TEGNA reported revenue of $731.5 million, down 6.8% compared to $784.8 million in Q2 FY22. This decrease was fueled by significant reduction in political revenues as per the election cycle. The company can maintain its quarterly dividend of $0.11375 in the last quarter as well which can make the annual dividend $0.4175, representing a dividend yield of 2.45%. After comparing the forward P/E ratio of 7.87x with the sector median of 14.56x, I think the stock is currently undervalued.
TEGNA's (TGNA) second-quarter 2023 top line hurt by the reduction of political revenues from the mid-term election cycle last year.
TEGNA Inc. (NYSE:TGNA ) Q2 2023 Earnings Conference Call August 3, 2023 10:00 AM ET Company Participants Julie Heskett - SVP of Finance and IR Dave Lougee - President and CEO Victoria Harker - CFO Conference Call Participants Dan Kurnos - The Benchmark Company Craig Huber - Huber Research James Goss - Barrington Research Steven Cahall - Wells Fargo Aaron Watts - Deutsche Bank Operator Thank you for standing by, and welcome to the Second Quarter TEGNA Earnings Conference Call. At this time, all participants are in a listen-only mode.
TYSONS, Va.--(BUSINESS WIRE)--TEGNA will host a conference call to discuss its second quarter 2023 earnings results on Thursday, August 3, 2023, at 10:00 a.m. (ET).
TEGNA Inc. (TGNA) reported earnings 30 days ago. What's next for the stock?
The deal attracted criticism from some members of Congress, including then-House Speaker Nancy Pelosi, on concerns of potentially higher TV prices for consumers and job losses.