TEGNA Inc (TGNA) is expecting 29.84% growth in the next quarter: What can investors do to maximize their returns?

TEGNA Inc (NYSE: TGNA) kicked off on Friday, up 1.03% from the previous trading day, before settling in for the closing price of $18.52. Over the past 52 weeks, TGNA has traded in a range of $12.35-$19.62.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 6.43%. While this was happening, its average annual earnings per share was recorded 78.99%. With a float of $158.86 million, this company’s outstanding shares have now reached $179.92 million.

Considering the fact that the conglomerate employs 6200 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 39.83%, operating margin of 22.16%, and the pretax margin is 21.91%.

TEGNA Inc (TGNA) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Broadcasting Industry. The insider ownership of TEGNA Inc is 1.40%, while institutional ownership is 101.79%. The most recent insider transaction that took place on Oct 25 ’24, was worth 410,000. In this transaction EVP and COO, Media Operations of this company sold 25,000 shares at a rate of $16.40, taking the stock ownership to the 154,617 shares. Before that another transaction happened on Oct 25 ’24, when Company’s Officer proposed sale 25,000 for $16.40, making the entire transaction worth $410,000.

TEGNA Inc (TGNA) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.43 earnings per share (EPS), lower than consensus estimate (set at 0.46) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.45 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 78.99% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 31.00% during the next five years compared to 4.05% growth over the previous five years of trading.

TEGNA Inc (NYSE: TGNA) Trading Performance Indicators

Take a look at TEGNA Inc’s (TGNA) current performance indicators. Last quarter, stock had a quick ratio of 2.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.03. Likewise, its price to free cash flow for the trailing twelve months is 5.57.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.84, a number that is poised to hit 1.18 in the next quarter and is forecasted to reach 1.92 in one year’s time.

Technical Analysis of TEGNA Inc (TGNA)

Compared to the last year’s volume of 2.23 million, its volume of 1.48 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 64.46%. Additionally, its Average True Range was 0.55.

During the past 100 days, TEGNA Inc’s (TGNA) raw stochastic average was set at 85.44%, which indicates a significant increase from 75.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.30% in the past 14 days, which was higher than the 35.77% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $16.46, while its 200-day Moving Average is $14.84. Nevertheless, the first resistance level for the watch stands at $19.00 in the near term. At $19.30, the stock is likely to face the second major resistance level. The third major resistance level sits at $19.57. If the price goes on to break the first support level at $18.43, it is likely to go to the next support level at $18.16. Should the price break the second support level, the third support level stands at $17.86.

TEGNA Inc (NYSE: TGNA) Key Stats

The company with the Market Capitalisation of 3.05 billion has total of 161,122K Shares Outstanding. Its annual sales at the moment are 2,911 M in contrast with the sum of 476,720 K annual income. Company’s last quarter sales were recorded 806,830 K and last quarter income was 147,450 K.