TEGNA Inc (NYSE: TGNA) has reported E.P.S. of $1.06 for its first fiscal quarter (ending March 31) versus $0.46 for the same period a year ago — an increase of 130%. Relative to the consensus estimate of $0.50, this was a premium of $0.56. E.P.S. were $2.86 for the latest four quarters through March 31 versus $2.67 for the same period a year ago — an increase of 7%.
Recent Price Action
TEGNA Inc (NYSE: TGNA) stock closed at $14.68 on 5/8/24 after a slight gain of 0.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 221% of normal. The stock has risen 7.6% during the last week but has been weak relative to the market over the last nine months.
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 (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. TEGNA has a good Appreciation Score of 82 but a poor Power Rating of 16, producing 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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