TEGNA Inc (NYSE: TGNA) has reported E.P.S. of $0.89 for its third fiscal quarter (ending September 30) versus $0.48 for the same period a year ago — an increase of 85%. E.P.S. were $2.84 for the latest four quarters through September 30 versus $2.83 for the same period a year ago — an increase of 0%.
Recent Price Action
On 11/7/24, TEGNA Inc (NYSE: TGNA) stock enjoyed a very large increase of 7.8%, closing at $19.32. Moreover, this advance was accompanied by unusually high trading volume at 166% of normal. Relative to the market the stock has been strong over the last nine months and has risen 15.8% during the last week.
Current PriceTarget Research Rating
TGNA is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
TEGNA has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. TEGNA has a good Appreciation Score of 79 but a neutral Power Rating of 41, producing the High 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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