The Question Is Whether To Buy Or Not To Buy TEGNA Inc (NYSE: TGNA)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

TEGNA Inc is listed on the NYSE as a member of the Communication Services sector and is a part of the Broadcasting industry. The current market capitalization of TEGNA Inc is $2.35B. A total of 2.23 million shares were traded on the day, compared to an average of 2.22M shares.

In the most recent transaction, DUNLEAVY CATHERINE sold 16 shares of TGNA for 13.60 per share on Aug 15 ’24. After the transaction, the Director now owns 0 company shares. In a previous transaction on Jul 01 ’24, DUNLEAVY CATHERINE sold 14 shares at 14.02 per share. TGNA shares that Director owns now total 0.

Among the insiders who sold shares, Lougee David T disposed of 98,437 shares on Jul 01 ’24 at a per-share price of $13.98. This resulted in the President and CEO holding 594,401 shares of TGNA after the transaction. In another insider transaction, Trelstad Lynn B. sold 25,000 shares at $13.99 per share on Jun 07 ’24. Company shares held by the EVP and COO, Media Operations now total 190,474.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. TEGNA Inc pays an annual dividend of $0.48, resulting in a dividend yield of 3.37%, and it has a price to earnings (P/E) ratio of 5.84. TGNA’s most recent ex-dividend date was 9/6/2024 when it declared a $0.1250 quarterly dividend that was paid in cash on 10/1/2024. Previously, the company paid the dividend on 7/1/2024 with an ex-dividend date of 6/7/2024. The TGNA stock dividend was $0.1250 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, TGNA has a high of $16.56 and a low of $12.35.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. TGNA’s latest balance sheet shows that the firm has $56.99M in Cash & Short Term Investments as of fiscal 2021. There were $3.32B in debt and $375.13M in liabilities at the time. Its Book Value Per Share was $16.79, while its Total Shareholder’s Equity was $2.54B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TGNA is Buy with a score of 3.80.

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