TEGNA Inc (TGNA)’s latest performance is not what we had anticipated

On Tuesday, TEGNA Inc (NYSE: TGNA) opened lower -1.98% from the last session, before settling in for the closing price of $14.68. Price fluctuations for TGNA have ranged from $13.40 to $17.37 over the past 52 weeks.

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A company in the Communication Services sector has jumped its sales by 6.43% annually for the last half of the decade. Company’s average yearly earnings per share was noted 84.10% at the time writing. With a float of $173.57 million, this company’s outstanding shares have now reached $179.92 million.

In an organization with 6200 employees, it is important to assess its efficiency.

TEGNA Inc (TGNA) Insider Updates

A key investor’s attitude towards the stock of the Broadcasting industry is another important factor to consider. The insider ownership of TEGNA Inc is 1.44%, while institutional ownership is 93.64%. The most recent insider transaction that took place on Apr 01 ’24, was worth 643,125. In this transaction President and CEO of this company sold 43,750 shares at a rate of $14.70, taking the stock ownership to the 725,651 shares. Before that another transaction happened on Mar 15 ’24, when Company’s SVP and Chief Legal Officer sold 8,477 for $15.00, making the entire transaction worth $127,155. This insider now owns 1 shares in total.

TEGNA Inc (TGNA) Performance Highlights and Predictions

If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $0.43 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at $0.47) by -$0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.52 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 84.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 4.05% growth over the previous five years of trading.

TEGNA Inc (NYSE: TGNA) Trading Performance Indicators

Check out the current performance indicators for TEGNA Inc (TGNA). In the past quarter, the stock posted a quick ratio of 2.48. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.87. Likewise, its price to free cash flow for the trailing twelve months is 4.76.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.26, a number that is poised to hit 0.44 in the next quarter and is forecasted to reach 2.15 in one year’s time.

Technical Analysis of TEGNA Inc (TGNA)

Let’s dig in a bit further. During the last 5-days, its volume was 1.73 million. That was inferior than the volume of 2.31 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 68.94%. Additionally, its Average True Range was 0.36.

During the past 100 days, TEGNA Inc’s (TGNA) raw stochastic average was set at 36.78%, which indicates a significant increase from 32.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.62% in the past 14 days, which was lower than the 26.28% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $14.69, while its 200-day Moving Average is $15.38. However, in the short run, TEGNA Inc’s stock first resistance to watch stands at $14.66. Second resistance stands at $14.93. The third major resistance level sits at $15.09. If the price goes on to break the first support level at $14.22, it is likely to go to the next support level at $14.06. Assuming the price breaks the second support level, the third support level stands at $13.79.

TEGNA Inc (NYSE: TGNA) Key Stats

There are currently 176,106K shares outstanding in the company with a market cap of 2.53 billion. Presently, the company’s annual sales total 2,911 M according to its annual income of 476,720 K. Last quarter, the company’s sales amounted to 725,850 K and its income totaled 76,130 K.