Gray Television (GTN) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gray Television in the last twelve months. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" GTN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GTN, but not buy additional shares or sell existing shares.
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5 analysts have issued twelve-month target prices for Gray Television's stock. Their GTN share price forecasts range from $7.00 to $19.00. On average, they expect the company's share price to reach $12.80 in the next twelve months. This suggests a possible upside of 101.6% from the stock's current price.
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Gray Television's stock was trading at $11.19 at the beginning of 2023. Since then, GTN stock has decreased by 43.3% and is now trading at $6.35.
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Gray Television saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 5,170,000 shares, an increase of 7.3% from the August 15th total of 4,820,000 shares. Based on an average trading volume of 900,500 shares, the days-to-cover ratio is presently 5.7 days. Currently, 6.3% of the company's shares are short sold.
View Gray Television's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
View our GTN earnings forecast.

Gray Television, Inc. (NYSE:GTN) issued its earnings results on Friday, August, 4th. The company reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.09. The firm earned $813 million during the quarter, compared to analyst estimates of $797.17 million. Gray Television had a trailing twelve-month return on equity of 13.07% and a net margin of 7.43%. The business's revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS.

Gray Television announced a quarterly dividend on Friday, August 4th. Investors of record on Friday, September 15th will be given a dividend of $0.08 per share on Friday, September 29th. This represents a $0.32 annualized dividend and a yield of 5.04%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for GTN.

ETFs with the largest weight of Gray Television (NYSE:GTN) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

Gray Television (NYSE:GTN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 4.75%. GTN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 13.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GTN will have a dividend payout ratio of 7.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GTN.

Gray Television updated its third quarter 2023 earnings guidance on Friday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $780.00 million-$801.00 million, compared to the consensus revenue estimate of $811.53 million.

63 employees have rated Gray Television Chief Executive Officer Hilton H. Howell, Jr. on Glassdoor.com. Hilton H. Howell, Jr. has an approval rating of 57% among the company's employees. This puts Hilton H. Howell, Jr. in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Gray Television investors own include OPKO Health (OPK), TherapeuticsMD (TXMD), bluebird bio (BLUE), Alibaba Group (BABA), Energy Transfer (ET), AT&T (T), Ford Motor (F), Horizon Therapeutics Public (HZNP), Micron Technology (MU) and NVIDIA (NVDA).

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

Shares of GTN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GTN stock can currently be purchased for approximately $6.35.

Gray Television (NYSE:GTN) has a market capitalization of $606.17 million and generates $3.68 billion in revenue each year. The company earns $455 million in net income (profit) each year or $2.33 on an earnings per share basis.

The company employs 9,394 workers across the globe.

Gray Television's mailing address is 4370 PEACHTREE ROAD NE, ATLANTA GA, 30319. The official website for the company is www.gray.tv. The company can be reached via phone at (404) 266-8333 or via fax at 404-261-9607.