Tegna (NYSE:TGNA) versus Its Peers Critical Contrast

Tegna (NYSE: TGNA) is one of 15 public companies in the “Television Broadcasting” industry, but how does it compare to its rivals? We will compare Tegna to related businesses based on the strength of its analyst recommendations, risk, profitability, earnings, valuation, dividends and institutional ownership.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for Tegna and its rivals, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Tegna 1 5 4 0 2.30
Tegna Competitors 86 546 498 5 2.37

Tegna currently has a consensus price target of $17.88, indicating a potential upside of 29.72%. As a group, “Television Broadcasting” companies have a potential upside of 13.51%. Given Tegna’s higher probable upside, equities analysts clearly believe Tegna is more favorable than its rivals.

Risk & Volatility

Tegna has a beta of 1.72, suggesting that its stock price is 72% more volatile than the S&P 500. Comparatively, Tegna’s rivals have a beta of 1.57, suggesting that their average stock price is 57% more volatile than the S&P 500.

Insider and Institutional Ownership

99.9% of Tegna shares are held by institutional investors. Comparatively, 68.9% of shares of all “Television Broadcasting” companies are held by institutional investors. 0.8% of Tegna shares are held by insiders. Comparatively, 8.2% of shares of all “Television Broadcasting” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Valuation and Earnings

This table compares Tegna and its rivals revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Tegna $3.34 billion $436.69 million 10.28
Tegna Competitors $3.48 billion $571.33 million 35.85

Tegna’s rivals have higher revenue and earnings than Tegna. Tegna is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Tegna and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Tegna 11.10% 20.50% 4.93%
Tegna Competitors 11.15% 94.98% 6.10%

Dividends

Tegna pays an annual dividend of $0.28 per share and has a dividend yield of 2.0%. Tegna pays out 20.9% of its earnings in the form of a dividend. As a group, “Television Broadcasting” companies pay a dividend yield of 1.3% and pay out 21.7% of their earnings in the form of a dividend. Tegna is clearly a better dividend stock than its rivals, given its higher yield and lower payout ratio.

Summary

Tegna rivals beat Tegna on 10 of the 15 factors compared.

About Tegna

Tegna Inc. has a portfolio of media and digital businesses that provide content. The Company’s segments include TEGNA Media (Media) and TEGNA Digital (Digital). As of December 31, 2016, its media business included 46 television stations operating in 38 markets and offered television programming and digital content. Its Media segment includes core advertising, including local and national non-political advertising; political advertising during elections; retransmission that represents satellite and cable networks, and telecommunications companies to carry its television signals; digital that includes digital marketing services and advertising on the stations’ Websites, tablet and mobile products, and other services. Its Digital business segment includes G/O Digital and Cofactor.

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