TGNA

Tegna Inc

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Advanced Chart

15.310

+0.27(1.795%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

15.465

Open

15.160

VWAP

15.27

Vol

2.84M

Mkt Cap

2.46B

Low

14.870

Amount

43.37M

EV/EBITDA(TTM)

5.60

Total Shares

169.61M

4.74B

EV/OCF(TTM)

7.65

P/S(TTM)

0.81

Tegna Inc. serves local communities across the United States through journalism, content, and tools to help people navigate their daily lives. The Company is a producer of local news, producing more than 1,700 hours of news per week. Through its network affiliation and local sports rights agreements, it carries sports content, which includes professional and collegiate sports and the Olympics. It also owns multicast networks True Crime Network and Quest. Each television station has a digital presence across online, mobile, connected television, streaming and social platforms, reaching consumers on all devices and platforms they use to consume news content. It delivers results for advertisers across television, digital, connected TV (CTV) and streaming app platforms, including Premion, its streaming app and CTV advertising network. Premion and Gray Television, Inc. (Gray) are in a commercial arrangement under which Gray resells Premion services across all of Gray’s television markets.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

716.34M

+5.34%

0.540

+45.95%

710.01M

-18.44%

0.470

-61.16%

662.55M

-17.88%

0.328

-65.16%

Estimates Revision

The market is revising Upward the revenue expectations for TEGNA Inc. (TGNA) for FY2025, with the revenue forecasts being adjusted by 0.04% over the past three months. During the same period, the stock price has changed by -10.42%.

Revenue Estimates for FY2025

Revise Upward

+0.04%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-3.85%

In Past 3 Month

Stock Price

Go Down

-10.42%

In Past 3 Month

5 Analyst Rating

32.27% Upside

Wall Street analysts forecast TGNA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TGNA is 20.25 USD with a low forecast of 18.00 USD and a high forecast of 21.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Buy

2 Hold

0 Sell

Moderate Buy

32.27% Upside

Current: 15.310

Low

18.00

Averages

20.25

High

21.00

32.27% Upside

Current: 15.310

Low

18.00

Averages

20.25

High

21.00

Guggenheim

Buy

downgrade

$22 -> $21

2025-07-02

Reason

Guggenheim

Price Target

$22 -> $21

2025-07-02

downgrade

Buy

Reason

Guggenheim lowered the firm's price target on Tegna to $21 from $22 and keeps a Buy rating on the shares. The FCC appears poised to address the 39% national ownership cap, and based on Chairman Brendan Carr's public comments, Guggenheim expects the FCC will move quickly towards broadcast deregulation, teeing-up further potential consolidation. Tegna is well-positioned to take advantage of deregulation with a focus on free cash flow accretive M&A, the analyst tells investors in a research note.

JPMorgan

Neutral

downgrade

$19 -> $18

2025-05-21

Reason

JPMorgan

Price Target

$19 -> $18

2025-05-21

downgrade

Neutral

Reason

JPMorgan lowered the firm's price target on Tegna to $18 from $19 and keeps a Neutral rating on the shares. The firm updated media and entertainment models post the Q1 reports.

Guggenheim

Buy

maintain

$20 -> $22

2025-05-13

Reason

Guggenheim

Price Target

$20 -> $22

2025-05-13

maintain

Buy

Reason

Guggenheim raised the firm's price target on Tegna to $22 from $20 and keeps a Buy rating on the shares after having updated the firm's model for the company's Q1 earnings and new guidance. The firm now models FY25 EBITDA of $591M, up from $545M previously, primarily on higher revenue estimates.

Guggenheim

Curry Baker

Strong Buy

Maintains

$22 → $20

2025-04-11

Reason

Guggenheim

Curry Baker

Price Target

$22 → $20

2025-04-11

Maintains

Strong Buy

Reason

Guggenheim analyst Curry Baker lowered the firm's price target on Tegna to $20 from $22 and keeps a Buy rating on the shares. The firm has updated its model to reflect ongoing core advertising headwinds, which it believes incrementally worsened in March and continued into April. Given the company's robust balance sheet, the firm views Tegna as "well positioned to take advantage of deregulation opportunities if they arise," the analyst added.

Guggenheim

Curry Baker

Strong Buy

Reiterates

$22

2025-01-24

Reason

Guggenheim

Curry Baker

Price Target

$22

2025-01-24

Reiterates

Strong Buy

Reason

Wells Fargo

Steven Cahall

Hold

Buy

Upgrades

$23

2024-12-19

Reason

Wells Fargo

Steven Cahall

Price Target

$23

2024-12-19

Upgrades

Hold

Buy

Reason

Wells Fargo upgraded Tegna to Overweight from Equal Weight with a price target of $23, up from $21. The firm expects broadcast consolidation from 2025 due to a de-regulating Federal Communications Commission. Tegna "will be the first move" and while broadcast fundamentals are tough, merger rationale "is as high as ever," the analyst tells investors in a research note. Wells points out that in February 2022, Tegna announced a deal to be acquired by Standard General for $24 per share.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Tegna Inc (TGNA.N) is 9.51, compared to its 5-year average forward P/E of 7.11. For a more detailed relative valuation and DCF analysis to assess Tegna Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Overvalued

5Y Average PE

7.11

Current PE

9.51

Overvalued PE

9.00

Undervalued PE

5.23

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

7.13

Current EV/EBITDA

8.16

Overvalued EV/EBITDA

8.23

Undervalued EV/EBITDA

6.04

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

1.15

Current PS

0.94

Overvalued PS

1.39

Undervalued PS

0.90