S&P 500   5,199.06
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Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
3 High-Yield Stocks In Rebound Mode: How High Can They Go?
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NVIDIA Enters Correction: Worry or Opportunity?
How major US stock indexes fared Thursday, 4/11/2024
Blackstone’s $10 Billion Bet on Property Prices Going Up
S&P 500   5,199.06
DOW   38,459.08
QQQ   445.37
Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
3 High-Yield Stocks In Rebound Mode: How High Can They Go?
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
NVIDIA Enters Correction: Worry or Opportunity?
How major US stock indexes fared Thursday, 4/11/2024
Blackstone’s $10 Billion Bet on Property Prices Going Up
S&P 500   5,199.06
DOW   38,459.08
QQQ   445.37
Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
3 High-Yield Stocks In Rebound Mode: How High Can They Go?
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
NVIDIA Enters Correction: Worry or Opportunity?
How major US stock indexes fared Thursday, 4/11/2024
Blackstone’s $10 Billion Bet on Property Prices Going Up
S&P 500   5,199.06
DOW   38,459.08
QQQ   445.37
Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
3 High-Yield Stocks In Rebound Mode: How High Can They Go?
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
NVIDIA Enters Correction: Worry or Opportunity?
How major US stock indexes fared Thursday, 4/11/2024
Blackstone’s $10 Billion Bet on Property Prices Going Up
NYSE:GTN

Gray Television (GTN) Stock Price, News & Analysis

$5.68
+0.02 (+0.35%)
(As of 04/11/2024 ET)
Today's Range
$5.60
$5.75
50-Day Range
$5.62
$9.34
52-Week Range
$5.44
$10.69
Volume
740,479 shs
Average Volume
1.30 million shs
Market Capitalization
$552.10 million
P/E Ratio
N/A
Dividend Yield
5.63%
Price Target
$12.80

Gray Television MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
125.4% Upside
$12.80 Price Target
Short Interest
Bearish
8.18% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
0.16mentions of Gray Television in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$80,900 Bought Last Quarter
Proj. Earnings Growth
Decreasing
From $3.78 to ($1.17) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.37 out of 5 stars

Consumer Discretionary Sector

139th out of 759 stocks

Television Broadcasting Stations Industry

4th out of 33 stocks

GTN stock logo

About Gray Television Stock (NYSE:GTN)

Gray Television, Inc., a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Telemundo, THE365, and Outlaw; and local news/weather channels in various markets. It owns and operates television stations and digital assets that serve television markets in the United States. The company was formerly known as Gray Communications Systems, Inc. and changed its name to Gray Television, Inc. in August 2002. Gray Television, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.

GTN Stock Price History

GTN Stock News Headlines

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Company Calendar

Last Earnings
2/23/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Today
4/12/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
N/A
Employees
9,923
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$12.80
High Stock Price Target
$19.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+125.4%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$-76,000,000.00
Pretax Margin
-2.50%

Debt

Sales & Book Value

Annual Sales
$3.28 billion
Cash Flow
$3.94 per share
Book Value
$20.66 per share

Miscellaneous

Free Float
92,538,000
Market Cap
$552.10 million
Optionable
Optionable
Beta
1.57
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Key Executives

  • Mr. Hilton Hatchett Howell Jr. (Age 62)
    Executive Chairman & CEO
    Comp: $4.8M
  • Mr. Jackson S. Cowart IV
    Senior VP & Chief Accounting Officer
  • Mr. David Burke
    Senior VP & Chief Technology Officer
  • Ms. Charlie Effinger
    Vice President of Corporate Development
  • Mr. Mike King
    Senior Managing VP & Chief Marketing Officer
  • Mr. Garrett Pope
    Senior VP of Sales Operations
  • Ms. Jan Goldstein
    Senior Vice President of Human Resources
  • Mr. Matt Jaquint
    Senior Managing VP & Chief Revenue Officer
  • Becky Meyer
    Senior Vice President of National Sales
  • Ms. Sabra Cowart
    Senior Vice President of Financial Reporting

GTN Stock Analysis - Frequently Asked Questions

Should I buy or sell Gray Television stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gray Television in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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.
View GTN analyst ratings
or view top-rated stocks.

What is Gray Television's stock price target for 2024?

5 Wall Street analysts have issued 1 year target prices for Gray Television's stock. Their GTN share price targets range from $7.00 to $19.00. On average, they anticipate the company's stock price to reach $12.80 in the next year. This suggests a possible upside of 125.4% from the stock's current price.
View analysts price targets for GTN
or view top-rated stocks among Wall Street analysts.

How have GTN shares performed in 2024?

Gray Television's stock was trading at $8.96 on January 1st, 2024. Since then, GTN shares have decreased by 36.6% and is now trading at $5.68.
View the best growth stocks for 2024 here
.

Are investors shorting Gray Television?

Gray Television saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 6,690,000 shares, an increase of 26.2% from the March 15th total of 5,300,000 shares. Based on an average daily trading volume, of 1,200,000 shares, the days-to-cover ratio is currently 5.6 days. Currently, 8.2% of the company's stock are short sold.
View Gray Television's Short Interest
.

When is Gray Television's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our GTN earnings forecast
.

How can I listen to Gray Television's earnings call?

Gray Television will be holding an earnings conference call on Tuesday, May 7th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 888-556-3470 with passcode "898476#".

How were Gray Television's earnings last quarter?

Gray Television, Inc. (NYSE:GTN) announced its quarterly earnings data on Friday, February, 23rd. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by $0.08. The company had revenue of $864 million for the quarter, compared to analysts' expectations of $863.31 million. Gray Television had a negative net margin of 2.32% and a negative trailing twelve-month return on equity of 3.76%. The firm's revenue was down 19.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.88 EPS.

How often does Gray Television pay dividends? What is the dividend yield for Gray Television?

Gray Television declared a quarterly dividend on Monday, February 26th. Stockholders of record on Friday, March 15th will be given a dividend of $0.08 per share on Thursday, March 28th. This represents a $0.32 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for GTN
.

Is Gray Television a good dividend stock?

Gray Television (NYSE:GTN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 5.36%. GTN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for GTN.

What ETF holds Gray Television's stock?

Roundhill Acquirers Deep Value ETF holds 50,951 shares of GTN stock, representing 1.10% of its portfolio.

What guidance has Gray Television issued on next quarter's earnings?

Gray Television issued an update on its first quarter 2024 earnings guidance on Friday, February, 23rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $810.0 million-$830.0 million, compared to the consensus revenue estimate of $875.0 million.

What is Hilton H. Howell, Jr.'s approval rating as Gray Television's CEO?

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.

What other stocks do shareholders of Gray Television own?

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).

How do I buy shares of Gray Television?

Shares of GTN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GTN) was last updated on 4/12/2024 by MarketBeat.com Staff

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