On Tuesday, TEGNA Inc (NYSE: TGNA) was 2.06% up from the session before settling in for the closing price of $18.00. A 52-week range for TGNA has been $12.35 – $19.62.
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Communication Services Sector giant saw their annual sales surged by 6.99% over the last five years. When this article was written, the company’s average yearly earnings per share was at 72.83%. With a float of $159.26 million, this company’s outstanding shares have now reached $162.48 million.
The firm has a total of 6200 workers. Let’s measure their productivity. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward TEGNA Inc stocks. The insider ownership of TEGNA Inc is 1.16%, while institutional ownership is 100.35%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.43 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 72.83% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 27.72% 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 2.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.00. Likewise, its price to free cash flow for the trailing twelve months is 5.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.84, a number that is poised to hit 1.16 in the next quarter and is forecasted to reach 1.90 in one year’s time.
Technical Analysis of TEGNA Inc (TGNA)
Analysing the last 5-days average volume posted by the [TEGNA Inc, TGNA], we can find that recorded value of 1.01 million was lower than the volume posted last year of 1.07 million. As of the previous 9 days, the stock’s Stochastic %D was 55.76%. Additionally, its Average True Range was 0.42.
During the past 100 days, TEGNA Inc’s (TGNA) raw stochastic average was set at 79.24%, which indicates a significant increase from 68.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.51% in the past 14 days, which was lower than the 30.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.39, while its 200-day Moving Average is $15.81. Now, the first resistance to watch is $18.57. This is followed by the second major resistance level at $18.77. The third major resistance level sits at $19.03. If the price goes on to break the first support level at $18.11, it is likely to go to the next support level at $17.85. Should the price break the second support level, the third support level stands at $17.65.
TEGNA Inc (NYSE: TGNA) Key Stats
There are 161,122K outstanding shares of the company, which has a market capitalization of 2.96 billion. As of now, sales total 2,911 M while income totals 476,720 K. Its latest quarter income was 806,830 K while its last quarter net income were 147,450 K.
