How Did TEGNA Inc.'s (NYSE:TGNA) 16% ROE Fare Against The Industry? [Yahoo! Finance]
TEGNA Inc (TGNA)
Last tegna inc earnings: 2/11 08:01 am
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Source: Yahoo! Finance
NYSE:TGNA ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. How Do You Calculate Return On Equity? The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for TEGNA is: 16% = US$444m ÷ US$2.8b (Based on the trailing twelve months to June 2024). The 'return' refers to a company's earnings over the last year. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.16. Does TEGNA Have A Good Return On Equity? 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. If y
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TGNA
News
- Nuggets, Avalanche launch streaming service, with some games aired on local broadcast stations [CNBC]CNBC
- Altitude Sports Partners with TEGNA Stations 9NEWS, My20 for 20 Nuggets Games, 20 Avalanche Games as Part of Comprehensive Broadcast SolutionBusiness Wire
- Cowboys owner Jerry Jones says it's 'very fair' to blame him for team's struggles [FOX News]FOX News
- How the departure of Dallas' police chief could impact the city's November election [CBS News]CBS News
- Tegna operations chief to step down by mid-2025 [Seeking Alpha]Seeking Alpha
TGNA
Earnings
- 8/7/24 - Beat
TGNA
Sec Filings
- 9/19/24 - Form 8-K
- 9/16/24 - Form 4
- 9/12/24 - Form 144
- TGNA's page on the SEC website