TEGNA (TGNA) AI Stock Analysis

• Market Cap: $2.70B
• Dividend Yield: 3.04%
• Average Volume (3M): 1.29M
• Price to Earnings (P/E): 5.9
• Beta (1Y): 0.72
• Revenue Growth: 6.34%
• EPS Growth: -0.26%
• Country: US
• Employees: 5,900
• Sector: Communication Services
• Sector Strength: 82
• Industry: Broadcasting
• EPS (TTM): 0.37
• Shares Outstanding: 160,724,410
• 10 Day Avg. Volume: 1,313,372
• 30 Day Avg. Volume: 1,286,410
• PEG Ratio: -3.79
• Price to Book (P/B): 1.63
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 9.37
• Enterprise Value/Market Cap: 2.72
• Enterprise Value/Revenue: 0.61
• Enterprise Value/Gross Profit: 5.77
• Enterprise Value/Ebitda: 2.25
• 1Y Price Target: $20.33
• Price Target Upside: 21.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 71 Outperform
• Price Target: $18.50 ▲(10.32%Upside)

TEGNA's overall stock score reflects a combination of strong financial health and attractive valuation, balanced by technical indicators suggesting stability. While revenue declines and market challenges pose risks, positive corporate events and earnings call highlights offer reassurance in long-term strategic initiatives.

Positive Factors

Cost Efficiency

TEGNA's ongoing cost savings efforts, which reached 60% of their stated $90-100 million goal, were realized faster than anticipated.

Revenue Growth

For the first time in several quarters, 1Q25 revenue beat consensus, with the upside split about evenly between AMS and the newly minted distribution line item.

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. operates as a media company in the United States. The company operates television stations that deliver television programming and digital content. It offers news content to consumers across various platforms, including online, mobile, and social platforms; owns and operates multicast networks under the names True Crime Network, Quest, and Twist that offer on-demand episodes of shows; and operates VAULT Studios, which provides true crime and investigative content in the form of podcasts and original television programs. The company also provides solutions for advertisers through TEGNA Marketing Solutions (TMS). TMS delivers results for advertisers across television and digital platforms, as well as over-the-top (OTT) platforms, including Premion OTT advertising network. As of February 28, 2022, it operated 64 television stations in 51 markets. The company was formerly known as Gannett Co., Inc. and changed its name to TEGNA Inc. in June 2015. TEGNA Inc. was founded in 1906 and is headquartered in Tysons, Virginia.

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 demonstrates solid profitability and efficient cash flow management, despite a slight decline in revenue. The company's balance sheet suggests balanced leverage, but high liabilities pose potential risks.

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
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
3.07B	3.10B	2.91B	3.28B	2.99B	2.94B
	Gross Profit
1.27B	1.35B	1.19B	1.59B	1.39B	1.43B
	EBIT
756.25M	784.78M	733.54M	990.63M	802.22M	870.98M
	EBITDA
871.44M	1.06B	892.69M	1.13B	940.57M	1.00B
	Net Income Common Stockholders
467.04M	599.82M	476.72M	629.91M	477.00M	481.83M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
716.65M	693.21M	361.04M	551.68M	56.99M	40.97M
	Total Assets
7.30B	7.33B	7.00B	7.33B	6.92B	6.85B
	Total Debt
3.12B	3.14B	3.16B	3.15B	3.32B	3.65B
	Net Debt
2.41B	2.45B	2.80B	2.60B	3.26B	3.61B
	Total Liabilities
4.24B	4.30B	4.28B	4.24B	4.38B	4.78B
	Stockholders Equity
3.04B	3.00B	2.70B	3.07B	2.52B	2.06B
Cash Flow		Free Cash Flow
584.02M	632.53M	532.55M	760.82M	438.54M	759.64M
	Operating Cash Flow
630.92M	684.97M	587.25M	812.15M	501.61M	805.14M
	Investing Cash Flow
9.78M	31.77M	-27.99M	-51.23M	-69.26M	-59.52M
	Financing Cash Flow
-297.51M	-384.56M	-749.90M	-266.23M	-416.33M	-734.05M

TEGNA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 16.77
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TGNA, the sentiment is Negative. The current price of 16.77 is above the 20-day moving average (MA) of 16.64, above the 50-day MA of 16.41, and below the 200-day MA of 16.83, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 46.90 is Neutral, neither overbought nor oversold. The STOCH value of 60.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TGNA.

TEGNA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NXST	80 Outperform	$5.02B	8.19	28.46%	4.47%	8.00%	71.49%
SSP	72 Outperform	$252.61M	3.12	11.23%	―	6.28%	―
TGNA	71 Outperform	$2.70B	5.89	16.07%	3.04%	6.34%	-0.26%
GTN	68 Neutral	$445.37M	1.66	9.92%	8.36%	9.08%	―
Sector *	61 Neutral	$14.74B	5.90	-4.02%	6.40%	2.72%	-31.67%
SBGI	59 Neutral	$904.43M	6.58	34.07%	7.69%	11.62%	―
GCI	52 Neutral	$497.88M	11.15	26.63%	―	-7.04%	―

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.