The financial landscape for media giant TEGNA Inc. is under the microscope as leading equities analysts begin to set their earnings forecast for fiscal year 2027, offering a crucial glimpse into the company’s anticipated financial performance. This forward-looking investment analysis provides a vital benchmark for investors monitoring TEGNA stock and broader market trends.
Notably, Barrington Research, a key player in financial insights, recently published their comprehensive analyst estimates for TEGNA’s FY2027 earnings per share. Analyst P. Sholl projects the media powerhouse to report earnings of $1.71 per share for the fiscal year, a figure that provides a specific target within the overall consensus.
While Barrington’s individual projection stands at $1.71, the broader consensus estimate among analysts for TEGNA’s current full fiscal year earnings is a more robust $3.02 per share. This disparity highlights the varying perspectives and methodologies employed in earnings forecast models, prompting investors to consider a range of potential outcomes.
Delving into recent history, TEGNA’s last quarterly financial performance on May 8th saw the company report earnings of $0.37 per share, comfortably surpassing the consensus estimate of $0.34 by a margin of $0.03. Despite this beat, the company experienced a slight year-over-year revenue decline of 4.8%, recording $680.05 million against analyst expectations of $677.24 million.
Beyond earnings, TEGNA’s financial health appears solid with a net margin of 15.29% and a robust return on equity of 17.13%. The stock opened at $16.07, navigating market fluctuations with a 50-day moving average of $16.79 and a two-hundred day moving average of $17.20. Key liquidity and leverage ratios, including a quick ratio and current ratio of 1.40, and a debt-to-equity ratio of 0.83, paint a picture of operational stability for the TEGNA stock.
The period has also seen dynamic activity among institutional investors and hedge funds, with 92.19% of TEGNA’s stock currently held by these entities. Significant new stakes and increased positions by firms like Neo Ivy Capital Management, Tower Research Capital LLC TRC, and Caitong International Asset Management Co. Ltd underscore growing institutional interest and confidence in the company’s future. This robust institutional engagement often influences broader market trends.
Adding to its appeal, TEGNA recently declared a quarterly dividend of $0.125, paid on July 1st, equating to an annualized dividend of $0.50 and a yield of 3.1%. The company, a prominent media entity, operates 47 television stations across 39 U.S. markets, delivering diverse programming and a range of advertising and digital marketing services, solidifying its position within the competitive media landscape. This consistent dividend payout is a key factor in investment analysis.
