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NYSE:GTN

Gray Television (GTN) Stock Forecast, Price & News

$6.29
-0.06 (-0.94%)
(As of 10:09 AM ET)
Compare
Today's Range
$6.26
$6.44
50-Day Range
$6.35
$10.51
52-Week Range
$6.26
$15.79
Volume
145,561 shs
Average Volume
992,487 shs
Market Capitalization
$600.44 million
P/E Ratio
2.70
Dividend Yield
5.09%
Price Target
$12.80

Gray Television MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
103.2% Upside
$12.80 Price Target
Short Interest
Bearish
6.11% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$43,940 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.72) to $4.12 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.83 out of 5 stars

Consumer Discretionary Sector

50th out of 276 stocks

Television Broadcasting Stations Industry

6th out of 11 stocks


GTN stock logo

About Gray Television (NYSE:GTN) Stock

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, Antenna TV, Telemundo, and Cozi; and local news/weather channels in various markets. In addition, the company offers video program production services. 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 Price History

GTN Stock News Headlines

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Gray Television (GTN) Gets a Buy from Barrington
Q2 2023 Gray Television Inc Earnings Call
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Gray Television: A Strong Brand in Local Television
Barrington Keeps Their Buy Rating on Gray Television (GTN)
Arizona Hoops Teams Change Networks, Turn "Gray"
Netflix (NFLX) Beats Q1 Earnings Estimates
News Magazine Program InvestigateTV+ Debuts this Fall
See More Headlines
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GTN Company Calendar

Last Earnings
8/04/2023
Ex-Dividend for 9/29 Dividend
9/14/2023
Dividend Payable
9/29/2023
Today
10/04/2023
Next Earnings (Estimated)
11/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
N/A
Employees
9,394
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$12.80
High Stock Price Forecast
$19.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+101.6%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$455 million
Pretax Margin
10.04%

Debt

Sales & Book Value

Annual Sales
$3.68 billion
Cash Flow
$8.94 per share
Book Value
$22.75 per share

Miscellaneous

Free Float
84,821,000
Market Cap
$606.17 million
Optionable
Optionable
Beta
1.62
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Key Executives

  • Mr. Hilton Hatchett Howell Jr. (Age 61)
    Exec. Chairman & CEO
    Comp: $3.53M
  • Mr. Donald Patrick LaPlatney (Age 63)
    Pres, Co-CEO & Director
    Comp: $2.86M
  • Mr. James C. Ryan (Age 62)
    Exec. VP & CFO
    Comp: $2.02M
  • Mr. Kevin P. Latek (Age 52)
    Exec. VP, Chief Legal & Devel. Officer and Sec.
    Comp: $1.99M
  • Ms. McNamara Sandra Breland
    Exec. VP & COO
  • Mr. Jackson S. Cowart IV
    Sr. VP & Chief Accounting Officer
  • Mr. David Burke
    Sr. VP & Chief Technology Officer
  • Ms. Charlie Effinger
    VP of Corp. Devel.
  • Mr. Mike King
    Sr. Managing VP & Chief Marketing Officer
  • Mr. Garrett Pope
    Sr. VP of Sales Operations













GTN Stock - Frequently Asked Questions

Should I buy or sell Gray Television stock right now?

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.
View GTN analyst ratings
or view top-rated stocks.

What is Gray Television's stock price forecast for 2023?

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.
View analysts price targets for GTN
or view top-rated stocks among Wall Street analysts.

How have GTN shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Gray Television?

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
.

When is Gray Television's next earnings date?

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

How were Gray Television's earnings last quarter?

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.

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

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
.

What ETFs hold Gray Television's stock?

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).

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 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.

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

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.

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).

What is Gray Television's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Gray Television's stock price today?

One share of GTN stock can currently be purchased for approximately $6.35.

How much money does Gray Television make?

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.

How many employees does Gray Television have?

The company employs 9,394 workers across the globe.

How can I contact Gray Television?

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.

This page (NYSE:GTN) was last updated on 10/4/2023 by MarketBeat.com Staff

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