TEGNA Story

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TGNA -- USA Stock  

USD 20.88  0.53  2.48%

As many rational traders are trying to avoid communication services space, it makes sense to go over TEGNA Inc a little further and understand how it stands against Liberty Media and other similar entities. We are going to analyze some of the competitive aspects of both TEGNA and Liberty.
Published over a month ago
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Will TEGNA (NYSE:TGNA) investors shift to Liberty (NASDAQ:FWONK)?
By analyzing existing basic indicators between TEGNA and Liberty, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Liberty with a short position in TEGNA. Check out our pair correlation module for more information.

Let's begin by analyzing the assets.
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. TEGNA has an asset utilization ratio of 31.62 percent. This suggests that the company is making $0.32 for each dollar of assets. An increasing asset utilization means that TEGNA Inc is more efficient with each dollar of assets it utilizes for everyday operations.
Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two companies, such as TEGNA or Liberty is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.

Understending TEGNA dividends

A dividend is the distribution of a portion of TEGNA earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. TEGNA dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. TEGNA one year expected dividend income is about $0.14 per share.
TEGNA Dividend Yield is projected to increase slightly based on the last few years of reporting. The past year's Dividend Yield was at 0.0243. The current year Dividends per Basic Common Share is expected to grow to 0.91, whereas Payment of Dividends and Other Cash Distributions is forecasted to decline to (162.7 M).
Last ReportedProjected for 2021
Payment of Dividends and Other Cash Distributions-150.8 M-162.7 M
Dividend Yield 0.0243  0.0268 
Dividends per Basic Common Share 0.78  0.91 
Investing in dividend-paying stocks, such as TEGNA Inc is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in TEGNA must own a stock before its ex-dividend date to receive its next dividend.
This type of analysis is very useful when you want to generate a past dividend schedule and payout information for TEGNA. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.

How important is TEGNA's Liquidity

TEGNA financial leverage refers to using borrowed capital as a funding source to finance TEGNA Inc ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. TEGNA financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between TEGNA's total debt and its cash.

Correlation Between TEGNA and Liberty Media F1

In general, stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding TEGNA together with similar or unrelated positions with a negative correlation. For example, you can also add Liberty Media to your portfolio. If Liberty Media is not perfectly correlated to TEGNA it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When TEGNA for example, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down.
Please check pair correlation details between TGNA and FWONA for more information.

Exercise or conversion by Melinda Witmer of 3631 shares of TEGNA subject to Rule 16b-3

Legal trades by TEGNA insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
TEGNA insider trading alert for exercise of restricted stock units by Melinda Witmer, the corporate stakeholder, on 9th of April 2021. This event was filed by Tegna Inc with SEC on 2021-04-09. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Breaking it down a bit more

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Revenue Breakdown

Let me now analyze TEGNA revenue. Based on the latest financial disclosure, TEGNA Inc reported 2.69 B of revenue. This is 81.71% lower than that of the Communication Services sector and significantly higher than that of the Broadcasting industry. The revenue for all United States stocks is 71.49% higher than that of the firm. As for Liberty Media we see revenue of 1.22 B, which is much higher than that of the Broadcasting

TEGNA2.69 Billion
Sector0.0
Liberty1.22 Billion
2.7 B
TEGNA
Sector
1.2 B
Liberty

TEGNA has 91 percent likelihood to slip below $17.87 in March

The sortino ratio is down to 0.17 as of today. TEGNA Inc has relatively low volatility with skewness of 0.99 and kurtosis of 3.63. However, we advise all investors to independently investigate TEGNA Inc to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure TEGNA's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact TEGNA's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Final Take On TEGNA

Whereas many other companies within the broadcasting industry are still a little expensive, even after the recent corrections, TEGNA may offer a potential longer-term growth to investors. To sum up, as of the 28th of February 2021, our current 30 days buy vs. sell advice on the company is Strong Buy. We believe TEGNA is fairly valued with below average chance of bankruptcy for the next two years.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of TEGNA Inc. Please refer to our Terms of Use for any information regarding our disclosure principles.

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