Gray Television Company Profile (NYSE:GTN)

About Gray Television (NYSE:GTN)

Gray Television logoGray Television, Inc. is a television broadcast company. The Company owns and operates television stations and digital assets in various markets across the United States. As of February 21, 2017, the Company owned and/or operated television stations in 54 television markets broadcasting over 200 separate programming streams, including 37 affiliates of the CBS Network (CBS), 29 affiliates of the NBC Network (NBC), 20 affiliates of the ABC Network (ABC) and 15 affiliates of the FOX Network (FOX). In addition to a primary broadcast channel, each of its stations can also broadcast additional secondary digital channels within a market by utilizing the same bandwidth, but with different programming from the primary channel. The Company also broadcasts local news/weather channels in certain of its existing markets. Along with affiliations with ABC, CBS and FOX, the Company's secondary channels are affiliated with various smaller networks and program services.

Industry, Sector and Symbol:
  • Sector: Consumer Discretionary
  • Industry: Broadcasting - TV
  • Sub-Industry: N/A
  • Symbol: NYSE:GTN
  • CUSIP: N/A
  • Web: www.gray.tv
Capitalization:
  • Market Cap: $885.07 million
  • Outstanding Shares: 71,957,000
Average Prices:
  • 50 Day Moving Avg: $13.74
  • 200 Day Moving Avg: $12.22
  • 52 Week Range: $7.00 - $15.45
P/E:
  • Trailing P/E Ratio: 14.20
  • Foreward P/E Ratio: 7.69
  • P/E Growth: 2.12
Sales & Book Value:
  • Annual Revenue: $842.2 million
  • Price / Sales: 1.05
  • Book Value: $7.01 per share
  • Price / Book: 1.75
Profitability:
  • EBIDTA: $317.79 million
  • Net Margins: 5.57%
  • Return on Equity: 13.68%
  • Return on Assets: 2.42%
Debt:
  • Debt-to-Equity Ratio: 3.83%
  • Current Ratio: 4.79%
  • Quick Ratio: 4.79%
Misc:
  • Average Volume: 992,250 shs.
  • Beta: 3.16
  • Short Ratio: 2.39
 

Frequently Asked Questions for Gray Television (NYSE:GTN)

What is Gray Television's stock symbol?

Gray Television trades on the New York Stock Exchange (NYSE) under the ticker symbol "GTN."

How were Gray Television's earnings last quarter?

Gray Television, Inc. (NYSE:GTN) issued its quarterly earnings data on Thursday, May, 4th. The company reported $0.16 EPS for the quarter, topping the Zacks' consensus estimate of $0.07 by $0.09. The firm earned $203.46 million during the quarter, compared to the consensus estimate of $194.68 million. Gray Television had a return on equity of 13.68% and a net margin of 5.57%. The firm's revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 EPS. View Gray Television's Earnings History.

Where is Gray Television's stock going? Where will Gray Television's stock price be in 2017?

4 analysts have issued twelve-month price targets for Gray Television's stock. Their predictions range from $17.00 to $19.00. On average, they anticipate Gray Television's stock price to reach $18.00 in the next year. View Analyst Ratings for Gray Television.

Who are some of Gray Television's key competitors?

Who owns Gray Television stock?

Gray Television's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Neuberger Berman Group LLC (8.08%), FMR LLC (5.38%), Vanguard Group Inc. (3.79%), Bank of New York Mellon Corp (3.72%), Victory Capital Management Inc. (3.47%) and State Street Corp (1.73%). Company insiders that own Gray Television stock include Harriett J Robinson, Hilton H Howell Jr, Hugh Norton, Richard Lee Boger and T L Elder. View Institutional Ownership Trends for Gray Television.

Who sold Gray Television stock? Who is selling Gray Television stock?

Gray Television's stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Whetstone Capital Advisors LLC, American Century Companies Inc., Monarch Partners Asset Management LLC, Scopus Asset Management L.P., Credit Suisse AG, Century Capital Management LLC and Ionic Capital Management LLC. Company insiders that have sold Gray Television stock in the last year include Richard Lee Boger and T L Elder. View Insider Buying and Selling for Gray Television.

Who bought Gray Television stock? Who is buying Gray Television stock?

Gray Television's stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Hancock Holding Co., Neuberger Berman Group LLC, Gotham Asset Management LLC, SkyTop Capital Management LLC, Victory Capital Management Inc., Engineers Gate Manager LP and Prudential Financial Inc.. Company insiders that have bought Gray Television stock in the last two years include Harriett J Robinson and Hilton H Howell Jr. View Insider Buying and Selling for Gray Television.

How do I buy Gray Television stock?

Shares of Gray Television can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Gray Television stock cost?

One share of Gray Television stock can currently be purchased for approximately $12.30.

Analyst Ratings

Consensus Ratings for Gray Television (NYSE:GTN) (?)
Ratings Breakdown: 4 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $18.00 (46.34% upside)

Analysts' Ratings History for Gray Television (NYSE:GTN)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/15/2017Benchmark Co.Reiterated RatingBuy$19.00N/AView Rating Details
4/13/2017Royal Bank of CanadaReiterated RatingBuy$17.00LowView Rating Details
3/9/2017Singular ResearchBoost Price TargetBuy -> Buy$12.00 -> $18.00LowView Rating Details
9/26/2016Wells Fargo & CoReiterated RatingBuyN/AView Rating Details
11/18/2015StephensInitiated CoverageOverweight$22.00N/AView Rating Details
(Data available from 5/25/2015 forward)

Earnings

Earnings History for Gray Television (NYSE:GTN)
Earnings by Quarter for Gray Television (NYSE:GTN)
Earnings History by Quarter for Gray Television (NYSE:GTN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/4/2017Q1 2017$0.07$0.16$194.68 million$203.46 millionViewListenView Earnings Details
3/1/2017Q416$0.50$0.49$237.30 million$237.62 millionViewListenView Earnings Details
11/8/2016Q316$0.41$0.26$220.35 million$204.50 millionViewListenView Earnings Details
8/4/2016Q216$0.25$0.24$196.25 million$196.60 millionViewListenView Earnings Details
5/9/2016Q116$0.10$0.18$178.05 million$173.70 millionViewListenView Earnings Details
2/26/2016Q415$0.20$0.21$163.33 million$169.50 millionViewListenView Earnings Details
11/3/2015Q315$0.13$0.18$145.65 million$151.10 millionViewListenView Earnings Details
8/5/2015Q215$0.13$0.17$142.53 million$143.50 millionViewListenView Earnings Details
5/5/2015Q115$0.04$0.10$130.27 million$133.30 millionViewListenView Earnings Details
3/5/2015Q414$0.53$0.53$171.00 million$177.90 millionViewListenView Earnings Details
11/5/2014Q314$0.25$0.24$129.80 million$131.70 millionViewListenView Earnings Details
8/7/2014Q214$0.12$0.03$103.40 million$107.20 millionViewListenView Earnings Details
5/8/2014Q114$0.01$0.02$91.60 million$91.30 millionViewListenView Earnings Details
3/11/2014Q413$0.10$0.07$84.70 million$95.60 millionViewListenView Earnings Details
11/7/2013Q313$0.12$0.12$88.20 million$88.30 millionViewListenView Earnings Details
8/8/2013Q2 2013$0.09$0.09$85.17 million$84.30 millionViewListenView Earnings Details
5/2/2013Q1 2013($0.01)$0.02$76.55 million$78.17 millionViewListenView Earnings Details
2/20/2013Q4 2012$0.47($0.05)$124.68 million$126.60 millionViewListenView Earnings Details
10/31/2012$0.23$0.26ViewN/AView Earnings Details
8/3/2012$0.17$0.17ViewN/AView Earnings Details
5/2/2012$0.04ViewN/AView Earnings Details
2/24/2012$0.04$0.10ViewN/AView Earnings Details
11/4/2011($0.05)($0.07)ViewN/AView Earnings Details
8/8/2011$0.01$0.01ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Gray Television (NYSE:GTN)
2017 EPS Consensus Estimate: $0.80
2018 EPS Consensus Estimate: $1.31
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.09$0.09$0.09
Q2 20171$0.24$0.24$0.24
Q3 20171$0.23$0.23$0.23
Q4 20171$0.24$0.24$0.24
Q1 20181$0.26$0.26$0.26
Q2 20181$0.31$0.31$0.31
Q3 20181$0.32$0.32$0.32
Q4 20181$0.42$0.42$0.42
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Gray Television (NYSE:GTN)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Gray Television (NYSE:GTN)
Insider Ownership Percentage: 11.77%
Institutional Ownership Percentage: 82.70%
Insider Trades by Quarter for Gray Television (NYSE:GTN)
Institutional Ownership by Quarter for Gray Television (NYSE:GTN)
Insider Trades by Quarter for Gray Television (NYSE:GTN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/10/2017Richard Lee BogerDirectorSell7,000$14.21$99,470.00View SEC Filing  
12/29/2016T L ElderDirectorSell2,960$10.98$32,500.80View SEC Filing  
11/16/2016Harriett J RobinsonDirectorBuy6,100$9.55$58,255.00View SEC Filing  
11/15/2016Hilton H Howell JrVice ChairmanBuy1,720$8.98$15,445.60View SEC Filing  
11/10/2016Harriett J RobinsonDirectorBuy12,000$7.62$91,440.00View SEC Filing  
11/10/2016Hilton H Howell JrVice ChairmanBuy1,600$7.58$12,128.00View SEC Filing  
7/14/2015Hugh NortonDirectorSell7,500$17.12$128,400.00View SEC Filing  
9/9/2014Howell NewtonDirectorSell1,000$9.53$9,530.00View SEC Filing  
1/16/2014Howell NewtonDirectorSell3,000$12.25$36,750.00View SEC Filing  
12/10/2013Hilton H Howell JrCEOBuy1,000$10.69$10,690.00View SEC Filing  
12/3/2013Hilton H Howell JrCEOBuy1,000$10.04$10,040.00View SEC Filing  
11/27/2013Hilton H Howell JrCEOBuy5,800$10.61$61,538.00View SEC Filing  
8/2/2013J Mack RobinsonMajor ShareholderBuy492,212$8.00$3,937,696.00View SEC Filing  
6/20/2013Harriett J RobinsonDirectorBuy9,000$6.97$62,730.00View SEC Filing  
6/19/2013J Mack RobinsonMajor ShareholderBuy1,000$7.08$7,080.00View SEC Filing  
6/18/2013Harriett J RobinsonDirectorBuy15,000$6.94$104,100.00View SEC Filing  
5/8/2013T L ElderDirectorSell10,000$6.53$65,300.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Gray Television (NYSE:GTN)
Latest Headlines for Gray Television (NYSE:GTN)
Source:
DateHeadline
finance.yahoo.com logoETFs with exposure to Gray Television, Inc. : May 23, 2017
finance.yahoo.com - May 23 at 5:12 PM
finance.yahoo.com logoGray Television, Inc. :GTN-US: Earnings Analysis: Q1, 2017 By the Numbers : May 22, 2017
finance.yahoo.com - May 22 at 11:09 AM
americanbankingnews.com logoFY2017 Earnings Estimate for Gray Television, Inc. (GTN) Issued By Barrington Research
www.americanbankingnews.com - May 10 at 9:59 AM
americanbankingnews.com logoGray Television, Inc. Expected to Post Q2 2017 Earnings of $0.24 Per Share (GTN)
www.americanbankingnews.com - May 9 at 7:24 AM
americanbankingnews.com logoGray Television, Inc. (GTN) Posts Earnings Results, Beats Estimates By $0.09 EPS
www.americanbankingnews.com - May 8 at 10:00 PM
americanbankingnews.com logoGray Television, Inc. (GTN) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - May 8 at 4:37 PM
finance.yahoo.com logoEdited Transcript of GTN earnings conference call or presentation 4-May-17 3:00pm GMT
finance.yahoo.com - May 8 at 8:17 AM
seekingalpha.com logoGray Television's (GTN) CEO Hilton Howell on Q1 2017 Results ... - Seeking Alpha
seekingalpha.com - May 7 at 10:01 AM
americanbankingnews.com logoBenchmark Co. Reiterates Buy Rating for Gray Television, Inc. (GTN)
www.americanbankingnews.com - May 5 at 10:06 AM
streetinsider.com logoGray Television (GTN) Confirms Acquisition of WCAX-TV In Burlington, Vermont for $29M
www.streetinsider.com - May 4 at 10:45 PM
streetinsider.com logoGray Television (GTN) Confirms Acquisition of WCAX-TV In Burlington, Vermont for $29M - StreetInsider.com
www.streetinsider.com - May 4 at 5:43 PM
finance.yahoo.com logoGray To Acquire WCAX-TV In Burlington, Vermont
finance.yahoo.com - May 4 at 5:42 PM
finance.yahoo.com logoGray Television, Inc. – Value Analysis (NYSE:GTN) : May 4, 2017
finance.yahoo.com - May 4 at 5:42 PM
finance.yahoo.com logoGray Television posts 1Q profit - Yahoo Finance
finance.yahoo.com - May 4 at 8:09 AM
finance.yahoo.com logoGray Television posts 1Q profit
finance.yahoo.com - May 4 at 8:09 AM
americanbankingnews.com logoFavorable Media Coverage Very Unlikely to Impact Gray Television (GTN) Share Price
www.americanbankingnews.com - May 3 at 6:26 PM
finance.yahoo.com logoETFs with exposure to Gray Television, Inc. : May 2, 2017
finance.yahoo.com - May 3 at 2:50 PM
finance.yahoo.com logoGray Television, Inc. breached its 50 day moving average in a Bearish Manner : GTN-US : May 3, 2017
finance.yahoo.com - May 3 at 2:50 PM
americanbankingnews.com logoGray Television, Inc. (GTN) Expected to Announce Earnings of $0.07 Per Share
www.americanbankingnews.com - May 3 at 8:14 AM
americanbankingnews.com logoGray Television (GTN) Getting Somewhat Favorable Media Coverage, Report Shows
www.americanbankingnews.com - April 30 at 2:42 PM
americanbankingnews.com logoGray Television (GTN) Getting Positive Media Coverage, Report Finds
www.americanbankingnews.com - April 27 at 10:54 AM
americanbankingnews.com logoSomewhat Favorable Press Coverage Likely to Affect Gray Television (GTN) Stock Price
www.americanbankingnews.com - April 24 at 9:18 PM
americanbankingnews.com logoGray Television (GTN) Receiving Somewhat Favorable News Coverage, Analysis Finds
www.americanbankingnews.com - April 19 at 12:37 PM
americanbankingnews.com logoGray Television (GTN) Earns Media Impact Score of 0.22
www.americanbankingnews.com - April 16 at 12:17 PM
americanbankingnews.com logoGray Television, Inc. (GTN) Expected to Announce Quarterly Sales of $195.55 Million
www.americanbankingnews.com - April 14 at 3:02 PM
americanbankingnews.com logoRoyal Bank of Canada Reiterates "Buy" Rating for Gray Television, Inc. (GTN)
www.americanbankingnews.com - April 13 at 9:58 PM
americanbankingnews.com logoPositive Press Coverage Very Unlikely to Impact Gray Television (GTN) Stock Price
www.americanbankingnews.com - April 13 at 4:17 PM
finance.yahoo.com logoGray Sets Date For First Quarter Earnings Release And Earnings Conference Call
finance.yahoo.com - April 13 at 10:35 AM
americanbankingnews.com logoGray Television, Inc. (GTN) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - April 13 at 9:59 AM
americanbankingnews.com logoGray Television, Inc. (GTN) Expected to Announce Earnings of $0.08 Per Share
www.americanbankingnews.com - April 12 at 8:13 AM
moodys.com logoGray Television, Inc. -- Moody's: Gray adds $85 million to Term Loan B
www.moodys.com - March 27 at 5:14 PM
finance.yahoo.com logoGray Announces Proposed Addition To Senior Credit Facility Term Loan
finance.yahoo.com - March 27 at 11:19 AM
thestreet.com logoFirst Week Of GTN November 17th Options Trading
www.thestreet.com - March 21 at 8:43 PM
finance.yahoo.com logoGray Appoints Four New General Managers
finance.yahoo.com - March 10 at 6:44 PM
finance.yahoo.com logoDoes Gray Television Offer a Good Value Buying Opportunity?
finance.yahoo.com - March 8 at 6:23 PM
seekingalpha.com logoGray Television (GTN) Presents At Deutsche Bank 25th Annual Media & Telecom Conference
seekingalpha.com - March 7 at 5:19 PM
finance.yahoo.com logoGRAY TELEVISION INC Financials
finance.yahoo.com - March 7 at 5:19 PM
biz.yahoo.com logoGRAY TELEVISION INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
biz.yahoo.com - March 6 at 5:10 PM
us.rd.yahoo.com logoGray Television (GTN) Catches Eye: Stock Adds 6.3% in Session
us.rd.yahoo.com - March 2 at 5:50 PM
finance.yahoo.com logoTop Ranked Growth Stocks to Buy for March 2nd
finance.yahoo.com - March 2 at 5:50 PM
finance.yahoo.com logoEdited Transcript of GTN earnings conference call or presentation 1-Mar-17 6:00pm GMT
finance.yahoo.com - March 2 at 3:15 AM
baystreet.ca logoGray Television (GTN) Grows with Earnings on Way
www.baystreet.ca - March 1 at 10:14 PM
seekingalpha.com logoGray Television's (GTN) CEO Hilton Howell on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - March 1 at 10:14 PM
biz.yahoo.com logoGray Television Inc Earnings Call scheduled for 1:00 pm ET today
biz.yahoo.com - March 1 at 5:14 PM
us.rd.yahoo.com logoGray Reports Record Operating Results
us.rd.yahoo.com - March 1 at 12:08 PM
biz.yahoo.com logoQ4 2016 Gray Television Inc Earnings Release - Before Market Open
us.rd.yahoo.com - March 1 at 12:08 PM
biz.yahoo.com logoGRAY TELEVISION INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib
biz.yahoo.com - March 1 at 12:08 PM
finance.yahoo.com logoTop Ranked Value Stocks to Buy for February 24th - Yahoo Finance
finance.yahoo.com - February 24 at 6:52 PM
zacks.com logoTop Ranked Value Stocks to Buy for February 24th
www.zacks.com - February 24 at 10:50 AM
thestreet.com logoApril 21st Options Now Available For Gray Television - TheStreet.com
www.thestreet.com - February 23 at 10:34 PM

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Chart

Gray Television (GTN) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff