On Tuesday, TEGNA Inc (NYSE: TGNA) was 0.60% up from the session before settling in for the closing price of $13.39. A 52-week range for TGNA has been $13.35 – $17.37.
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Annual sales at Communication Services sector company grew by 6.43% over the past five years. When this article was written, the company’s average yearly earnings per share was at 84.10%. With a float of $173.30 million, this company’s outstanding shares have now reached $179.92 million.
Let’s look at the performance matrix of the company that is accounted for 6200 employees.
TEGNA Inc (TGNA) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward TEGNA Inc stocks. The insider ownership of TEGNA Inc is 1.60%, while institutional ownership is 93.54%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 13.47 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
You can see what TEGNA Inc (TGNA) is doing with its current performance indicators. In the most recent 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 0.81. Likewise, its price to free cash flow for the trailing twelve months is 4.45.
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)
TEGNA Inc (NYSE: TGNA) saw its 5-day average volume 1.6 million, a negative change from its year-to-date volume of 2.21 million. As of the previous 9 days, the stock’s Stochastic %D was 8.99%. Additionally, its Average True Range was 0.34.
During the past 100 days, TEGNA Inc’s (TGNA) raw stochastic average was set at 10.18%, which indicates a significant decrease from 16.02% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.18% in the past 14 days, which was lower than the 26.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.34, while its 200-day Moving Average is $15.28. Nevertheless, the first resistance level for the watch stands at $13.63 in the near term. At $13.80, the stock is likely to face the second major resistance level. The third major resistance level sits at $14.02. If the price goes on to break the first support level at $13.24, it is likely to go to the next support level at $13.02. Assuming the price breaks the second support level, the third support level stands at $12.85.
TEGNA Inc (NYSE: TGNA) Key Stats
There are 176,106K outstanding shares of the company, which has a market capitalization of 2.37 billion. As of now, sales total 2,911 M while income totals 476,720 K. Its latest quarter income was 725,850 K while its last quarter net income were 76,130 K.
