Latest news with #TEGNAInc
Yahoo
2 days ago
- Business
- Yahoo
Was Jim Cramer Right About TEGNA Inc. (TGNA)?
We recently published a list of In this article, we are going to take a look at where TEGNA Inc. (NYSE:TGNA) stands against other stocks that Jim Cramer discusses. When a viewer asked about TEGNA Inc. (NYSE:TGNA), Cramer dismissed the stock entirely during that past episode, expressing strong disinterest in anything related to traditional broadcast television. He responded with: 'This is TV stations and I just don't care for anything involving linear TV. It's just not where I want to be. I'm sorry.' Despite dismissing it, the stock is up +11.66% over the past year, making Cramer's take too harsh. TEGNA Inc. (NYSE:TGNA) is a broadcasting and digital media company that owns and operates dozens of local television stations and delivers news content to regional markets across the U.S. A close-up of hands typing on a laptop, highlighting the company's digital content. Overall, TGNA ranks 4th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of TGNA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Was Jim Cramer Right About TEGNA Inc. (TGNA)?
We recently published a list of In this article, we are going to take a look at where TEGNA Inc. (NYSE:TGNA) stands against other stocks that Jim Cramer discusses. When a viewer asked about TEGNA Inc. (NYSE:TGNA), Cramer dismissed the stock entirely during that past episode, expressing strong disinterest in anything related to traditional broadcast television. He responded with: 'This is TV stations and I just don't care for anything involving linear TV. It's just not where I want to be. I'm sorry.' Despite dismissing it, the stock is up +11.66% over the past year, making Cramer's take too harsh. TEGNA Inc. (NYSE:TGNA) is a broadcasting and digital media company that owns and operates dozens of local television stations and delivers news content to regional markets across the U.S. A close-up of hands typing on a laptop, highlighting the company's digital content. Overall, TGNA ranks 4th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of TGNA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
01-06-2025
- Business
- Yahoo
Be Sure To Check Out TEGNA Inc. (NYSE:TGNA) Before It Goes Ex-Dividend
TEGNA Inc. (NYSE:TGNA) is about to trade ex-dividend in the next 4 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. In other words, investors can purchase TEGNA's shares before the 6th of June in order to be eligible for the dividend, which will be paid on the 1st of July. The company's next dividend payment will be US$0.125 per share. Last year, in total, the company distributed US$0.50 to shareholders. Looking at the last 12 months of distributions, TEGNA has a trailing yield of approximately 3.0% on its current stock price of US$16.72. If you buy this business for its dividend, you should have an idea of whether TEGNA's dividend is reliable and sustainable. As a result, readers should always check whether TEGNA has been able to grow its dividends, or if the dividend might be cut. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. TEGNA is paying out just 18% of its profit after tax, which is comfortably low and leaves plenty of breathing room in the case of adverse events. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. The good news is it paid out just 14% of its free cash flow in the last year. It's positive to see that TEGNA's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. Check out our latest analysis for TEGNA Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. If earnings fall far enough, the company could be forced to cut its dividend. For this reason, we're glad to see TEGNA's earnings per share have risen 17% per annum over the last five years. Earnings per share have been growing rapidly and the company is retaining a majority of its earnings within the business. This will make it easier to fund future growth efforts and we think this is an attractive combination - plus the dividend can always be increased later. The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. TEGNA has seen its dividend decline 4.6% per annum on average over the past 10 years, which is not great to see. It's unusual to see earnings per share increasing at the same time as dividends per share have been in decline. We'd hope it's because the company is reinvesting heavily in its business, but it could also suggest business is lumpy. From a dividend perspective, should investors buy or avoid TEGNA? TEGNA has grown its earnings per share while simultaneously reinvesting in the business. Unfortunately it's cut the dividend at least once in the past 10 years, but the conservative payout ratio makes the current dividend look sustainable. It's a promising combination that should mark this company worthy of closer attention. In light of that, while TEGNA has an appealing dividend, it's worth knowing the risks involved with this stock. Our analysis shows 2 warning signs for TEGNA and you should be aware of them before buying any shares. Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
TEGNA Shareholders Approve All Board of Directors' Proposals at 2025 Annual Meeting
TYSONS, Va., May 21, 2025 (GLOBE NEWSWIRE) -- Shareholders of TEGNA Inc. (NYSE: TGNA) today overwhelmingly approved all the Board of Directors' proposals at the Company's 2025 annual shareholder meeting. TEGNA shareholders have re-elected Board chair Howard D. Elias, CEO Mike Steib, and independent directors Gina L. Bianchini, Catherine Dunleavy, Stuart J. Epstein, Scott K. McCune, Henry W. McGee, Neal B. Shapiro, Denmark West and Melinda C. Witmer. Karen H. Grimes has retired from TEGNA's Board of Directors effective today, following five years of service. All directors will serve one-year terms ending at TEGNA's 2026 Annual Meeting. The professional backgrounds of the members of TEGNA's Board of Directors can be found here: At the meeting, TEGNA shareholders also approved the compensation of the Company's named executive officers on an advisory basis and ratified the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the 2025 fiscal year. About TEGNA TEGNA Inc. (NYSE: TGNA) helps people thrive in their local communities by providing the trusted local news and services that matter most. Together, we are building a sustainable future for local news. With 64 television stations in 51 U.S. markets, TEGNA reaches more than 100 million people on an average monthly basis across the web, mobile apps, streaming, and linear television. For more information, visit For media inquiries, contact:Molly McMahonSenior Director, Corporate Communications 703-873-6422mmcmahon@ For investor inquiries, contact:Julie HeskettSenior Vice President, Chief Financial Officer703-873-6747investorrelations@
Yahoo
24-03-2025
- Business
- Yahoo
TEGNA Inc. (NYSE:TGNA) Delivered A Better ROE Than Its Industry
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. To keep the lesson grounded in practicality, we'll use ROE to better understand TEGNA Inc. (NYSE:TGNA). Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for TEGNA is: 20% = US$599m ÷ US$3.0b (Based on the trailing twelve months to December 2024). The 'return' is the income the business earned over the last year. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.20 in profit. View our latest analysis for TEGNA Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. Pleasingly, TEGNA has a superior ROE than the average (11%) in the Media industry. That's clearly a positive. Bear in mind, a high ROE doesn't always mean superior financial performance. Especially when a firm uses high levels of debt to finance its debt which may boost its ROE but the high leverage puts the company at risk. You can see the 4 risks we have identified for TEGNA by visiting our risks dashboard for free on our platform here. Most companies need money -- from somewhere -- to grow their profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the first and second cases, the ROE will reflect this use of cash for investment in the business. In the latter case, the debt used for growth will improve returns, but won't affect the total equity. In this manner the use of debt will boost ROE, even though the core economics of the business stay the same. TEGNA does use a high amount of debt to increase returns. It has a debt to equity ratio of 1.02. There's no doubt its ROE is decent, but the very high debt the company carries is not too exciting to see. Investors should think carefully about how a company might perform if it was unable to borrow so easily, because credit markets do change over time. Return on equity is a useful indicator of the ability of a business to generate profits and return them to shareholders. Companies that can achieve high returns on equity without too much debt are generally of good quality. If two companies have around the same level of debt to equity, and one has a higher ROE, I'd generally prefer the one with higher ROE. But when a business is high quality, the market often bids it up to a price that reflects this. It is important to consider other factors, such as future profit growth -- and how much investment is required going forward. So I think it may be worth checking this free report on analyst forecasts for the company. But note: TEGNA may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
