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NYSE:GTN

Gray Television (GTN) Stock Price, News & Analysis

$5.88
-0.04 (-0.68%)
(As of 03:57 PM ET)
Today's Range
$5.88
$5.99
50-Day Range
$5.53
$8.66
52-Week Range
$5.44
$10.69
Volume
586,706 shs
Average Volume
1.15 million shs
Market Capitalization
$571.54 million
P/E Ratio
N/A
Dividend Yield
5.44%
Price Target
$12.80

Gray Television MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
116.6% 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
0.60mentions 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.

4.47 out of 5 stars

Consumer Discretionary Sector

50th out of 265 stocks

Television Broadcasting Stations Industry

1st out of 11 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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A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Gray Renews InvestigateTV+ For 2024-2025 Season
10 Underperforming Stocks Insiders are Buying
Gray Announces Paydown of Debt
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Gray Television: Tune In To The Main Event
Grey’s Anatomy Recap: The Blame Game
See More 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
4/22/2024
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
+116.2%
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
$3.92 per share
Book Value
$20.66 per share

Miscellaneous

Free Float
83,761,000
Market Cap
$575.42 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 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 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 brokers have issued 12-month price objectives for Gray Television's stock. Their GTN share price targets range from $7.00 to $19.00. On average, they expect the company's share price to reach $12.80 in the next year. This suggests a possible upside of 116.6% 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 2024?

Gray Television's stock was trading at $8.96 at the start of the year. Since then, GTN shares have decreased by 34.0% and is now trading at $5.91.
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. Approximately 8.2% of the shares of the stock are sold short.
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) released its quarterly earnings results on Friday, February, 23rd. The company reported ($0.24) earnings per share (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 analyst estimates of $863.31 million. Gray Television had a negative trailing twelve-month return on equity of 3.76% and a negative net margin of 2.32%. The firm's revenue for the quarter was down 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.88 earnings per share.

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. Investors 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 annualized dividend and a yield of 5.41%. The ex-dividend date 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 5.41%. 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 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 earnings per share 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).

Who are Gray Television's major shareholders?

Gray Television's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Tributary Capital Management LLC (1.36%), Diversified Trust Co (0.02%) and Allspring Global Investments Holdings LLC (0.00%). Insiders that own company stock include D Patrick Laplatney, Harriett J Robinson, Hilton H Howell Jr, Hilton H Howell, Jr, Jackson S Iv Cowart, James C Ryan, Richard Lee Boger, Robert Lawrence Smith, Robin Robinson Howell and T L Elder.
View institutional ownership trends
.

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 4/22/2024 by MarketBeat.com Staff

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