TEGNA (TGNA) AI Stock Analysis

• Market Cap: $2.70B
• Dividend Yield: 2.98%
• Average Volume (3M): 1.32M
• Price to Earnings (P/E): 5.9
• Beta (1Y): 0.70
• Revenue Growth: 6.34%
• EPS Growth: -0.26%
• Country: US
• Employees: 5,900
• Sector: Communication Services
• Sector Strength: 85
• Industry: Broadcasting
• EPS (TTM): 0.37
• Shares Outstanding: 160,724,410
• 10 Day Avg. Volume: 1,096,964
• 30 Day Avg. Volume: 1,318,494
• PEG Ratio: -0.30
• Price to Book (P/B): 0.90
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.68
• Enterprise Value/Market Cap: 1.89
• Enterprise Value/Revenue: 0.43
• Enterprise Value/Gross Profit: 4.01
• Enterprise Value/Ebitda: 1.56
• 1Y Price Target: $20.25
• Price Target Upside: 18.98% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 74 Outperform
• Price Target: $19.00 ▲(11.63%Upside)

TEGNA's overall stock score reflects its solid financial health and attractive valuation, with a strong dividend yield. While the company faces challenges from declining revenue and advertising market conditions, its strategic initiatives in digital growth and cost-cutting provide a balanced outlook.

Positive Factors

Cost Management

TEGNA's ongoing cost savings efforts reached 60% of their stated goal faster than anticipated.

Financial Performance

TEGNA's revenue beat consensus for the first time in several quarters, with balanced growth in AMS and distribution.

Leadership and Strategy

New CEO Mike Steib is effectively going through expenses with a fine-toothed comb, potentially leading to more cost savings and possibly even revenue growth longer-term.

Negative Factors

Advertising Challenges

The advertising headaches seem likely to persist, affecting the company's performance.

Market Environment

A tougher national environment is anticipated due to the company's exposure to larger DMAs.

TEGNA Business Overview & Revenue Model

Company Description

TEGNA Inc. (TGNA) is a publicly traded media company headquartered in Tysons, Virginia. The company operates in the broadcasting sector, owning and managing a portfolio of television stations across the United States. TEGNA's core services include providing news, sports, and entertainment content to its local markets, leveraging its strong presence across various digital platforms to engage audiences and deliver compelling stories.

How the Company Makes Money

TEGNA generates revenue primarily through advertising sales, which include both traditional television advertising and digital advertising on its platforms. The company capitalizes on its large audience reach across various local markets, attracting advertisers seeking to target specific demographics. Additionally, TEGNA earns revenue from retransmission consent agreements, where cable and satellite providers pay fees to carry its broadcast signals. The company also benefits from various content distribution partnerships, which further enhance its revenue streams by expanding the reach of its programming.

TEGNA Financial Statement Overview

Summary

TEGNA's financial health is strong with stable profitability and efficient cash flow management, despite a slight decline in revenue. The company's balance sheet suggests a balanced leverage but highlights potential risks due to high liabilities.

Income Statement

TEGNA's income statement reveals stable profitability with a Gross Profit Margin of 41.47% and Net Profit Margin of 15.22% for TTM. However, the revenue growth rate has been negative at -1.10% in the latest period, indicating a slight decline in sales. EBIT and EBITDA margins remain healthy at 24.65% and 28.41%, respectively, showcasing efficient cost management and operational stability.

Balance Sheet

The company's balance sheet shows a moderate Debt-to-Equity ratio of 1.03, suggesting balanced leverage. ROE is strong at 15.37% for TTM, indicating effective use of equity for generating profits. The equity ratio stands at 41.61%, reflecting a stable capital structure. However, high total liabilities relative to equity may pose potential financial risks.

Cash Flow

TEGNA demonstrates resilient cash flow management with a slight decrease in Free Cash Flow by 7.68% year-over-year, but an impressive Operating Cash Flow to Net Income ratio of 1.35, indicating robust cash generation from operations. The Free Cash Flow to Net Income ratio is 1.25, reflecting the company's ability to convert net income into cash effectively.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.10B	2.91B	3.28B	2.99B	2.94B
Gross Profit	1.35B	1.19B	1.59B	1.39B	1.43B
EBITDA	1.06B	892.69M	1.13B	940.57M	1.00B
Net Income	599.82M	476.72M	629.91M	477.00M	481.83M
Balance Sheet
Total Assets	7.33B	7.00B	7.33B	6.92B	6.85B
Cash, Cash Equivalents and Short-Term Investments	693.21M	361.04M	551.68M	56.99M	40.97M
Total Debt	3.14B	3.16B	3.15B	3.32B	3.65B
Total Liabilities	4.30B	4.28B	4.24B	4.38B	4.78B
Stockholders Equity	3.00B	2.70B	3.07B	2.52B	2.06B
Cash Flow
Free Cash Flow	632.53M	532.55M	760.82M	438.54M	759.64M
Operating Cash Flow	684.97M	587.25M	812.15M	501.61M	805.14M
Investing Cash Flow	31.77M	-27.99M	-51.23M	-69.26M	-59.52M
Financing Cash Flow	-384.56M	-749.90M	-266.23M	-416.33M	-734.05M

TEGNA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 17.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TGNA, the sentiment is Positive. The current price of 17.02 is above the 20-day moving average (MA) of 16.95, above the 50-day MA of 16.83, and below the 200-day MA of 17.15, indicating a neutral trend. The MACD of 0.09 indicates Positive momentum. The RSI at 51.84 is Neutral, neither overbought nor oversold. The STOCH value of 21.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TGNA.

TEGNA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SSP	76 Outperform	$311.37M	3.76	11.23%	―	6.28%	―
TGNA	74 Outperform	$2.70B	5.89	16.07%	2.98%	6.34%	-0.26%
GTN	70 Outperform	$575.77M	2.23	9.92%	6.20%	9.08%	―
FUBO	68 Neutral	$1.16B	18.33	21.67%	―	13.18%	―
Sector *	62 Neutral	$40.93B	-1.67	-12.06%	3.96%	2.10%	-69.66%
IHRT	47 Neutral	$261.59M	―	86.54%	―	3.31%	-39.47%

TEGNA Corporate Events

TEGNA Shareholders Approve Board Proposals at Meeting

On May 21, 2025, TEGNA Inc. held its annual shareholder meeting where shareholders approved all proposals from the Board of Directors, including the re-election of several directors and the retirement of Karen H. Grimes. Additionally, shareholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm and approved executive compensation on an advisory basis. This approval reflects strong shareholder support for the company’s leadership and strategic direction.

The most recent analyst rating on (TGNA) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on TEGNA stock, see the TGNA Stock Forecast page.