NYSE:GTN Gray Television (GTN) Stock Forecast, Price & News $6.29 -0.06 (-0.94%) (As of 10:09 AM ET) Add Compare Share Share Today's Range$6.26▼$6.4450-Day Range$6.35▼$10.5152-Week Range$6.26▼$15.79Volume145,561 shsAverage Volume992,487 shsMarket Capitalization$600.44 millionP/E Ratio2.70Dividend Yield5.09%Price Target$12.80 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Gray Television MarketRank™ ForecastAnalyst RatingHold2.40 Rating ScoreUpside/Downside103.2% Upside$12.80 Price TargetShort InterestBearish6.11% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.74Upright™ Environmental ScoreNews SentimentN/AInsider TradingSelling Shares$43,940 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.72) to $4.12 Per ShareSee Full Details Hide Full Details 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 starsConsumer Discretionary Sector50th out of 276 stocksTelevision Broadcasting Stations Industry6th out of 11 stocks 3.2 Analyst's Opinion Consensus RatingGray Television has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 3 buy ratings, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.80, Gray Television has a forecasted upside of 103.2% from its current price of $6.30.Amount of Analyst CoverageGray Television has only been the subject of 4 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted6.11% of the float of Gray Television has been sold short.Short Interest Ratio / Days to CoverGray Television has a short interest ratio ("days to cover") of 5.2.Change versus previous monthShort interest in Gray Television has recently decreased by 2.90%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipGray Television is a leading dividend payer. It pays a dividend yield of 4.75%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGray Television does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Gray Television is 13.73%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Gray Television will have a dividend payout ratio of 7.77% next year. This indicates that Gray Television will be able to sustain or increase its dividend. Previous Next 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreGray Television has received a 32.05% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is false driven by its "Broadcasting of television news programs" and "Television advertisements" products. See details.Environmental SustainabilityThe Environmental Impact score for Gray Television is -0.74. Previous Next 1.9 News and Social Media Coverage News SentimentGray Television has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Consumer Discretionary companies.Search InterestOnly 6 people have searched for GTN on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.MarketBeat Follows6 people have added Gray Television to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Gray Television insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $43,940.00 in company stock.Percentage Held by Insiders11.14% of the stock of Gray Television is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions77.01% of the stock of Gray Television is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Gray Television are expected to grow in the coming year, from ($0.72) to $4.12 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gray Television is 2.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.64.Price to Earnings Ratio vs. SectorThe P/E ratio of Gray Television is 2.70, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 13.72.Price to Book Value per Share RatioGray Television has a P/B Ratio of 0.28. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Gray Television (NYSE:GTN) StockGray 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.Read More GTN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GTN Stock News HeadlinesSeptember 25, 2023 | finance.yahoo.comPeachtree Sports Network Launches Statewide on Gray Television StationsSeptember 12, 2023 | finance.yahoo.comGray Television Stations Raise More Than $225,000 for Hawaii Fire ReliefOctober 4, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. August 9, 2023 | markets.businessinsider.comGray Television (GTN) Gets a Buy from BarringtonAugust 8, 2023 | forbes.comGray Television Buy Write Tunes Into 103% Annualized Return PotentialAugust 5, 2023 | finance.yahoo.comQ2 2023 Gray Television Inc Earnings CallAugust 4, 2023 | stockhouse.comGray Television Posts Core Advertising Revenue Growth In The Second QuarterAugust 3, 2023 | finance.yahoo.comWarner Bros. Discovery (WBD) Reports Q2 Loss, Lags Revenue EstimatesOctober 4, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. July 26, 2023 | msn.com'My hometown team': Phoenix native Mike Schabel part of Suns deal with Kiswe, Gray TelevisionJune 21, 2023 | finance.yahoo.comGray Television: A Strong Brand in Local TelevisionJune 16, 2023 | finance.yahoo.comGray Promotes Joel Swisher to General Manager of WSAZ and WQCW in Charleston-Huntington, West VirginiaJune 16, 2023 | finance.yahoo.comGray Promotes Joel Swisher to General Manager of WSAZ and WQCW in Charleston-Huntington, West VirginiaJune 9, 2023 | finance.yahoo.comOnly Four Days Left To Cash In On Gray Television's (NYSE:GTN) DividendJune 3, 2023 | seekingalpha.comGray Television: A Heavily Discounted Stock With Serious HeadwindsMay 24, 2023 | finance.yahoo.comMatt Moran Promoted to Senior Managing Vice President at Gray TelevisionMay 10, 2023 | finance.yahoo.comPhoenix Suns’ New TV Deal Struck Down by Bankruptcy JudgeMay 9, 2023 | markets.businessinsider.comBarrington Keeps Their Buy Rating on Gray Television (GTN)May 8, 2023 | finance.yahoo.comGray Television (NYSE:GTN) Is Due To Pay A Dividend Of $0.08May 7, 2023 | msn.comGray Television (GTN) Declares $0.08 DividendMay 5, 2023 | finanznachrichten.deGray Television, Inc.: Gray's Operating Results for the First Quarter Driven by Continued Strong Demand and ExecutionMay 5, 2023 | finance.yahoo.comGray’s Operating Results for the First Quarter Driven by Continued Strong Demand and ExecutionMay 1, 2023 | forbes.comPhoenix Suns And Mercury Games Will Air On Broadcast TV, Not On Bally SportsApril 29, 2023 | marketwatch.comArizona Hoops Teams Change Networks, Turn "Gray"April 25, 2023 | finance.yahoo.comDown More Than 50%: Buy These 2 Beaten-Down Stocks Before They Rebound, Say AnalystsApril 18, 2023 | finance.yahoo.comNetflix (NFLX) Beats Q1 Earnings EstimatesApril 18, 2023 | finance.yahoo.comNews Magazine Program InvestigateTV+ Debuts this FallSee More Headlines Receive GTN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Gray Television and its competitors with MarketBeat's FREE daily newsletter. Email Address GTN Company Calendar Last Earnings8/04/2023Ex-Dividend for 9/29 Dividend9/14/2023Dividend Payable9/29/2023Today10/04/2023Next Earnings (Estimated)11/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Television broadcasting stations Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNYSE:GTN CUSIPN/A CIK43196 Webwww.gray.tv Phone(404) 266-8333Fax404-261-9607Employees9,394Year FoundedN/APrice 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 RatingHold Rating Score (0-4)2.40 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$2.33 Trailing P/E Ratio2.73 Forward P/E RatioN/A P/E GrowthN/ANet Income$455 million Net Margins7.43% Pretax Margin10.04% Return on Equity13.07% Return on Assets2.43% Debt Debt-to-Equity Ratio3.01 Current Ratio1.43 Quick Ratio1.43 Sales & Book Value Annual Sales$3.68 billion Price / Sales0.16 Cash Flow$8.94 per share Price / Cash Flow0.71 Book Value$22.75 per share Price / Book0.28Miscellaneous Outstanding Shares95,460,000Free Float84,821,000Market Cap$606.17 million OptionableOptionable Beta1.62 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Hilton Hatchett Howell Jr. (Age 61)Exec. Chairman & CEO Comp: $3.53MMr. Donald Patrick LaPlatney (Age 63)Pres, Co-CEO & Director Comp: $2.86MMr. James C. Ryan (Age 62)Exec. VP & CFO Comp: $2.02MMr. Kevin P. Latek (Age 52)Exec. VP, Chief Legal & Devel. Officer and Sec. Comp: $1.99MMs. McNamara Sandra BrelandExec. VP & COOMr. Jackson S. Cowart IVSr. VP & Chief Accounting OfficerMr. David BurkeSr. VP & Chief Technology OfficerMs. Charlie EffingerVP of Corp. Devel.Mr. Mike KingSr. Managing VP & Chief Marketing OfficerMr. Garrett PopeSr. VP of Sales OperationsMore ExecutivesKey CompetitorsSinclairNASDAQ:SBGIGray TelevisionNYSE:GTN.AE.W. ScrippsNASDAQ:SSPEntravision CommunicationsNYSE:EVCGrupo Televisa, S.A.B.NYSE:TVView All CompetitorsInsiders & InstitutionsT L ElderSold 500 sharesTotal: $4,645.00 ($9.29/share)Wolverine Trading LLCBought 22,961 shares on 8/23/2023Ownership: 0.024%Osaic Holdings Inc.Bought 111,030 shares on 8/21/2023Ownership: 0.134%Nuveen Asset Management LLCSold 551,586 shares on 8/16/2023Ownership: 0.587%Alliancebernstein L.P.Sold 2,500 shares on 8/15/2023Ownership: 0.103%View All Insider TransactionsView All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Gray Television, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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