With 0.79 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.36 million shares. During the session, the Broadcasting company that operates in wider Communication Services sector, reached to the highest price of $18.82 whereas the lowest price it dropped to was $18.59. The 52-week range on TGNA shows that it touched its highest point at $19.62 and its lowest point at $12.35 during that stretch. It currently has a 1-year price target of $21.10. With its current market cap of 3.01 billion, TGNA has annualized dividend of $0.49 while the current yield stands at 2.62%. Beta for the stock currently stands at 0.52.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TGNA was down-trending over the past week, with a drop of -0.21%, but this was up by 1.03% over a month. Three-month performance surged to 30.58% while six-month performance rose 41.58%. The stock gained 25.40% in the past year, while it has gained 21.96% so far this year. A look at the trailing 12-month EPS for TGNA yields 2.84 with Next year EPS estimates of 1.92. For the next quarter, that number is 1.18. This implies an EPS growth rate of 78.99% for this year and -38.46% for next year. EPS is expected to grow by 31.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.05%.
Float and Shares Shorts:
At present, 162.48 million TGNA shares are outstanding with a float of 159.16 million shares on hand for trading. On 2024-11-29, short shares totaled 10.08 million, which was 626.0000000000001 higher than short shares on 1730332800. In addition to Ms. Lynn Beall as the firm’s Executive VP & COO of Media Operations, Mr. Michael F. Steib serves as its President, CEO & Director.
Institutional Ownership:
Through their ownership of 1.04562 of TGNA’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, TGNA reported revenue of $806827000.0 and operating income of $229892000.0. The EBITDA in the recently reported quarter was $263229000.0 and diluted EPS was $0.89.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TGNA since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TGNA analysts setting a high price target of 23.0 and a low target of 19.0, the average target price over the next 12 months is 21.1. Based on these targets, TGNA could surge 23.26% to reach the target high and rise by 1.82% to reach the target low. Reaching the average price target will result in a growth of 13.08% from current levels.
Analysts have provided yearly estimates in a range of $3.14804 being high and $3.07989 being low. For TGNA, this leads to a yearly average estimate of $3.11437. Based on analyst estimates, the high estimate for the next quarter is $0.58 and the low estimate is $0.34. The average estimate for the next quarter is thus $0.45.
