TEGNA Inc (NYSE: TGNA) has reported E.P.S. of $0.40 for its fourth fiscal quarter (ending December 31) versus $0.97 for the same period a year ago — a decline of -59%. Relative to the consensus estimate of $0.46, this was a shortfall of $-0.06. For the latest four quarters through December 31, E.P.S. were $2.29 compared to $2.82 a year ago — a decline of -19%.
Recent Price Action
TEGNA Inc (NYSE: TGNA) stock enjoyed a large increase of 3.5% on 2/29/24. The stock closed at $14.01. Moreover, this advance was accompanied by unusually high trading volume at 183% of normal. The stock has performed in line with the market over the last nine months and has declined -3.2% during the last week.
Current PriceTarget Research Rating
TGNA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
TEGNA has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. TEGNA has a very high Appreciation Score of 87 but a poor Power Rating of 28, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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