TEGNA (NYSE: TGNA) is scheduled to host their 2nd quarter earnings conference call on Tuesday, July the 26th of 2016 at 10am EST. The company’s earnings announcement will be made available to news outlets and wire services on the same day, before markets open. Investors will be able to access the conference call through the company’s Investors Relations website at investors.tegna.com. Zacks Investment Research currently has a consensus hold rating for TGNA stock. On June the 10th, the company’s stock rating was cut from Buy to Hold at Evercore ISI, due to a lack of catalysts. The research firm currently has a $25 price target for TGNA.
The company last announced quarterly earnings on April the 27th. They beat analysts’ consensus estimated of $0.41 by 4 cents. They also beat revenue estimates. During the quarter, the company had revenue of $781.73, which topped estimates of $780.05. Currently analysts expect the company to report earnings of $0.48 EPS.
During Friday’s trading period, Tegna stock climbed 1.18% to settle at $24.85. The stock currently has a 52-week range of $21.11 to $29.47. On July the 20th, Zacks Investment Research downgraded TGNA stock from a strong-buy to a hold.
Tegna is a digital media company, which originated due to the Gannett Company spinning off its publishing assets. Tegna focuses on broadcast television, as well as digital media. Currently, they own and operate 46 stations across the United States. The company’s networks are affiliated with NBC, ABC, CBS, Fox and MyNetworkTV.
Tegna also owns several Internet media sites, including CareerBuilder, Cars.com, and DealChicken. According to the company, they reach 90 million Americans each and every month.