On Tuesday, TEGNA Inc (NYSE: TGNA) opened lower -1.79% from the last session, before settling in for the closing price of $18.43. Price fluctuations for TGNA have ranged from $12.35 to $19.62 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Communication Services sector saw sales topped by 6.43%. Company’s average yearly earnings per share was noted 78.99% at the time writing. With a float of $159.26 million, this company’s outstanding shares have now reached $162.48 million.
The extent of productivity of a business whose workforce counts for 6200 workers is very important to gauge. 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 and Institutional Ownership
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 1.16%, while institutional ownership is 101.77%. The most recent insider transaction that took place on Dec 06 ’24, was worth 1,458,172. In this transaction an insider of this company sold 77,873 shares at a rate of $18.73, taking the stock ownership to the 41,904 shares. Before that another transaction happened on Dec 06 ’24, when Company’s SVP and CFO sold 20,000 for $18.65, making the entire transaction worth $373,080. This insider now owns 23,751 shares in total.
TEGNA Inc (TGNA) Latest Financial update
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
Check out the current performance indicators for TEGNA Inc (TGNA). In the past quarter, the stock posted a quick ratio of 2.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.99. Likewise, its price to free cash flow for the trailing twelve months is 5.33.
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)
The latest stats from [TEGNA Inc, TGNA] show that its last 5-days average volume of 1.19 million was inferior to 2.17 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 16.79%. Additionally, its Average True Range was 0.44.
During the past 100 days, TEGNA Inc’s (TGNA) raw stochastic average was set at 75.68%, which indicates a significant increase from 10.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.62% in the past 14 days, which was lower than the 33.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.57, while its 200-day Moving Average is $15.20. Now, the first resistance to watch is $18.34. This is followed by the second major resistance level at $18.57. The third major resistance level sits at $18.76. If the price goes on to break the first support level at $17.92, it is likely to go to the next support level at $17.73. The third support level lies at $17.50 if the price breaches the second support level.
TEGNA Inc (NYSE: TGNA) Key Stats
There are currently 161,122K shares outstanding in the company with a market cap of 2.92 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 806,830 K and its income totaled 147,450 K.
