Gray Television Company Profile (NYSE:GTN)

About Gray Television (NYSE:GTN)

Gray Television logoGray Television, Inc. is a television broadcast company. The Company owns and operates television stations and digital assets in various markets across the United States. As of February 21, 2017, the Company owned and/or operated television stations in 54 television markets broadcasting over 200 separate programming streams, including 37 affiliates of the CBS Network (CBS), 29 affiliates of the NBC Network (NBC), 20 affiliates of the ABC Network (ABC) and 15 affiliates of the FOX Network (FOX). In addition to a primary broadcast channel, each of its stations can also broadcast additional secondary digital channels within a market by utilizing the same bandwidth, but with different programming from the primary channel. The Company also broadcasts local news/weather channels in certain of its existing markets. Along with affiliations with ABC, CBS and FOX, the Company's secondary channels are affiliated with various smaller networks and program services.

Industry, Sector and Symbol:
  • Sector: Consumer Discretionary
  • Industry: Broadcasting
  • Sub-Industry: N/A
  • Symbol: NYSE:GTN
  • CUSIP: N/A
  • Web: www.gray.tv
Capitalization:
  • Market Cap: $966.95 million
  • Outstanding Shares: 71,635,000
Average Prices:
  • 50 Day Moving Avg: $14.18
  • 200 Day Moving Avg: $13.88
  • 52 Week Range: $7.00 - $15.45
P/E:
  • Trailing P/E Ratio: 9.11
  • Foreward P/E Ratio: 8.37
  • P/E Growth: 1.38
Sales & Book Value:
  • Annual Revenue: $872.25 million
  • Price / Sales: 1.20
  • Book Value: $7.99 per share
  • Price / Book: 1.83
Profitability:
  • EBIDTA: $332.14 million
  • Net Margins: 13.38%
  • Return on Equity: 17.32%
  • Return on Assets: 3.12%
Debt:
  • Debt-to-Equity Ratio: 3.20%
  • Current Ratio: 3.32%
  • Quick Ratio: 3.32%
Misc:
  • Average Volume: 710,947 shs.
  • Beta: 3.29
  • Short Ratio: 3.07
 

Frequently Asked Questions for Gray Television (NYSE:GTN)

What is Gray Television's stock symbol?

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

How were Gray Television's earnings last quarter?

Gray Television, Inc. (NYSE:GTN) issued its earnings results on Tuesday, August, 8th. The company reported $0.28 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.25 by $0.03. The firm earned $226.70 million during the quarter, compared to analyst estimates of $221.05 million. Gray Television had a net margin of 13.38% and a return on equity of 17.32%. Gray Television's revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. View Gray Television's Earnings History.

Where is Gray Television's stock going? Where will Gray Television's stock price be in 2017?

4 brokers have issued 12 month price targets for Gray Television's shares. Their forecasts range from $17.00 to $20.00. On average, they expect Gray Television's share price to reach $18.25 in the next twelve months. View Analyst Ratings for Gray Television.

Who are some of Gray Television's key competitors?

Who are Gray Television's key executives?

Gray Television's management team includes the folowing people:

  • Hilton H. Howell Jr., Chairman of the Board, President, Chief Executive Officer
  • James C. Ryan, Chief Financial Officer, Executive Vice President
  • Bob Smith, Executive Vice President and Co-Chief Operating Officer
  • Kevin P. Latek, Executive Vice President and Chief Legal and Development Officer, Secretary
  • Howell W. Newton, Lead Independent Director
  • Luis A. Garcia, Director
  • Robin Robinson Howell, Director
  • Elizabeth Russell Neuhoff, Director
  • Harriett J. Robinson, Director

Who owns Gray Television stock?

Gray Television's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (8.86%), Neuberger Berman Group LLC (8.61%), Vanguard Group Inc. (4.32%), Royal Bank of Canada (4.07%), Victory Capital Management Inc. (3.72%) and Penn Capital Management Co. Inc. (2.36%). Company insiders that own Gray Television stock include Harriett J Robinson, Hilton H Howell Jr, Richard Lee Boger and T L Elder. View Institutional Ownership Trends for Gray Television.

Who sold Gray Television stock? Who is selling Gray Television stock?

Gray Television's stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Numeric Investors LLC, Whetstone Capital Advisors LLC, Gotham Asset Management LLC, Apollo Management Holdings L.P., Neuberger Berman Group LLC, Engineers Gate Manager LP and GSA Capital Partners LLP. Company insiders that have sold Gray Television stock in the last year include Richard Lee Boger and T L Elder. View Insider Buying and Selling for Gray Television.

Who bought Gray Television stock? Who is buying Gray Television stock?

Gray Television's stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Royal Bank of Canada, Thrivent Financial For Lutherans, JPMorgan Chase & Co., Vivaldi Asset Management LLC, Boston Partners, Penn Capital Management Co. Inc. and Prudential Financial Inc.. Company insiders that have bought Gray Television stock in the last two years include Harriett J Robinson and Hilton H Howell Jr. View Insider Buying and Selling for Gray Television.

How do I buy Gray Television stock?

Shares of Gray Television can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Gray Television's stock price today?

One share of Gray Television stock can currently be purchased for approximately $14.65.


MarketBeat Community Rating for Gray Television (NYSE GTN)
Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  112 (Vote Outperform)
Underperform Votes:  79 (Vote Underperform)
Total Votes:  191
MarketBeat's community ratings are surveys of what our community members think about Gray Television and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Gray Television (NYSE:GTN) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $18.25 (24.57% upside)

Analysts' Ratings History for Gray Television (NYSE:GTN)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/10/2017Wells Fargo & CompanyReiterated RatingOutperform$15.50 -> $18.00MediumView Rating Details
8/9/2017Benchmark Co.Boost Price TargetBuy$19.00 -> $20.00HighView Rating Details
8/9/2017Royal Bank Of CanadaBoost Price TargetOutperform$16.00 -> $17.00HighView Rating Details
3/9/2017Singular ResearchBoost Price TargetBuy -> Buy$12.00 -> $18.00LowView Rating Details
11/18/2015StephensInitiated CoverageOverweight$22.00N/AView Rating Details
(Data available from 9/21/2015 forward)

Earnings

Earnings History for Gray Television (NYSE:GTN)
Earnings by Quarter for Gray Television (NYSE:GTN)
Earnings History by Quarter for Gray Television (NYSE GTN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/8/2017Q2 2017$0.25$0.28$221.05 million$226.70 millionViewListenView Earnings Details
5/4/2017Q1 2017$0.07$0.16$194.68 million$203.46 millionViewListenView Earnings Details
3/1/2017Q416$0.50$0.49$237.30 million$237.62 millionViewListenView Earnings Details
11/8/2016Q316$0.41$0.26$220.35 million$204.50 millionViewListenView Earnings Details
8/4/2016Q216$0.25$0.24$196.25 million$196.60 millionViewListenView Earnings Details
5/9/2016Q116$0.10$0.18$178.05 million$173.70 millionViewListenView Earnings Details
2/26/2016Q415$0.20$0.21$163.33 million$169.50 millionViewListenView Earnings Details
11/3/2015Q315$0.13$0.18$145.65 million$151.10 millionViewListenView Earnings Details
8/5/2015Q215$0.13$0.17$142.53 million$143.50 millionViewListenView Earnings Details
5/5/2015Q115$0.04$0.10$130.27 million$133.30 millionViewListenView Earnings Details
3/5/2015Q414$0.53$0.53$171.00 million$177.90 millionViewListenView Earnings Details
11/5/2014Q314$0.25$0.24$129.80 million$131.70 millionViewListenView Earnings Details
8/7/2014Q214$0.12$0.03$103.40 million$107.20 millionViewListenView Earnings Details
5/8/2014Q114$0.01$0.02$91.60 million$91.30 millionViewListenView Earnings Details
3/11/2014Q413$0.10$0.07$84.70 million$95.60 millionViewListenView Earnings Details
11/7/2013Q313$0.12$0.12$88.20 million$88.30 millionViewListenView Earnings Details
8/8/2013Q2 2013$0.09$0.09$85.17 million$84.30 millionViewListenView Earnings Details
5/2/2013Q1 2013($0.01)$0.02$76.55 million$78.17 millionViewListenView Earnings Details
2/20/2013Q4 2012$0.47($0.05)$124.68 million$126.60 millionViewListenView Earnings Details
10/31/2012$0.23$0.26ViewN/AView Earnings Details
8/3/2012$0.17$0.17ViewN/AView Earnings Details
5/2/2012$0.04ViewN/AView Earnings Details
2/24/2012$0.04$0.10ViewN/AView Earnings Details
11/4/2011($0.05)($0.07)ViewN/AView Earnings Details
8/8/2011$0.01$0.01ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Gray Television (NYSE:GTN)
2017 EPS Consensus Estimate: $0.81
2018 EPS Consensus Estimate: $1.70
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.09$0.09$0.09
Q2 20171$0.24$0.24$0.24
Q3 20171$0.21$0.21$0.21
Q4 20171$0.27$0.27$0.27
Q1 20181$0.26$0.26$0.26
Q2 20181$0.45$0.45$0.45
Q3 20181$0.39$0.39$0.39
Q4 20181$0.60$0.60$0.60
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Gray Television (NYSE:GTN)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Gray Television (NYSE:GTN)
Insider Ownership Percentage: 12.00%
Institutional Ownership Percentage: 89.46%
Insider Trades by Quarter for Gray Television (NYSE:GTN)
Institutional Ownership by Quarter for Gray Television (NYSE:GTN)
Insider Trades by Quarter for Gray Television (NYSE:GTN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/10/2017Richard Lee BogerDirectorSell7,000$14.21$99,470.00View SEC Filing  
12/29/2016T L ElderDirectorSell2,960$10.98$32,500.80View SEC Filing  
11/16/2016Harriett J RobinsonDirectorBuy6,100$9.55$58,255.00View SEC Filing  
11/15/2016Hilton H Howell JrVice ChairmanBuy1,720$8.98$15,445.60View SEC Filing  
11/10/2016Harriett J RobinsonDirectorBuy12,000$7.62$91,440.00View SEC Filing  
11/10/2016Hilton H Howell JrVice ChairmanBuy1,600$7.58$12,128.00View SEC Filing  
7/14/2015Hugh NortonDirectorSell7,500$17.12$128,400.00View SEC Filing  
9/9/2014Howell NewtonDirectorSell1,000$9.53$9,530.00View SEC Filing  
1/16/2014Howell NewtonDirectorSell3,000$12.25$36,750.00View SEC Filing  
12/10/2013Hilton H Howell JrCEOBuy1,000$10.69$10,690.00View SEC Filing  
12/3/2013Hilton H Howell JrCEOBuy1,000$10.04$10,040.00View SEC Filing  
11/27/2013Hilton H Howell JrCEOBuy5,800$10.61$61,538.00View SEC Filing  
8/2/2013J Mack RobinsonMajor ShareholderBuy492,212$8.00$3,937,696.00View SEC Filing  
6/20/2013Harriett J RobinsonDirectorBuy9,000$6.97$62,730.00View SEC Filing  
6/19/2013J Mack RobinsonMajor ShareholderBuy1,000$7.08$7,080.00View SEC Filing  
6/18/2013Harriett J RobinsonDirectorBuy15,000$6.94$104,100.00View SEC Filing  
5/8/2013T L ElderDirectorSell10,000$6.53$65,300.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Gray Television (NYSE:GTN)
Latest Headlines for Gray Television (NYSE:GTN)
Source:
DateHeadline
americanbankingnews.com logoContrasting Gray Television (GTN) & Its Rivals
www.americanbankingnews.com - September 21 at 12:22 AM
finance.yahoo.com logoStocks Showing Rising Market Leadership: Gray Television Earns 85 RS Rating
finance.yahoo.com - September 20 at 4:50 PM
finance.yahoo.com logoGray Television, Inc. breached its 50 day moving average in a Bullish Manner : GTN-US : September 19, 2017
finance.yahoo.com - September 19 at 7:18 PM
americanbankingnews.com logoGray Television, Inc. (GTN) Lowered to Buy at ValuEngine
www.americanbankingnews.com - September 16 at 7:08 PM
americanbankingnews.com logoHead-To-Head Comparison: Gray Television (GTN) versus The Competition
www.americanbankingnews.com - September 14 at 2:22 AM
americanbankingnews.com logo$219.30 Million in Sales Expected for Gray Television, Inc. (GTN) This Quarter
www.americanbankingnews.com - September 14 at 1:08 AM
americanbankingnews.com logoGray Television, Inc. (GTN) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - September 13 at 8:05 AM
americanbankingnews.com logoCritical Review: TiVo Corporation (TIVO) vs. Gray Television (GTN)
www.americanbankingnews.com - September 12 at 4:29 PM
nasdaq.com logoCan World Wrestling Entertainment Keep the Bull Run Alive? - Nasdaq
www.nasdaq.com - September 11 at 7:48 PM
finance.yahoo.com logoCan World Wrestling Entertainment Keep the Bull Run Alive?
finance.yahoo.com - September 11 at 7:48 PM
finance.yahoo.com logoInvestors' Radars Failed to Catch Gray Television (GTN), Has Yours?
finance.yahoo.com - September 10 at 6:07 AM
nasdaq.com logoNew Strong Buy Stocks for September 8th - Nasdaq
www.nasdaq.com - September 8 at 7:49 PM
nasdaq.com logoInvestors' Radars Failed to Catch Gray Television (GTN), Has Yours? - Nasdaq
www.nasdaq.com - September 8 at 7:49 PM
americanbankingnews.com logoAnalyzing Comcast Corporation (CMCSA) and Gray Television (GTN)
www.americanbankingnews.com - September 8 at 6:10 AM
nasdaq.com logoShould Value Investors Consider Gray Television (GTN) Now? - Nasdaq
www.nasdaq.com - September 8 at 12:38 AM
finance.yahoo.com logoShould Value Investors Consider Gray Television (GTN) Now?
finance.yahoo.com - September 6 at 3:57 AM
americanbankingnews.com logoValuEngine Upgrades Gray Television, Inc. (GTN) to "Strong-Buy"
www.americanbankingnews.com - September 3 at 10:22 AM
nasdaq.com logo5 Excellent Value Stocks Based on Low PEG Ratio - Nasdaq
www.nasdaq.com - August 30 at 4:45 PM
nasdaq.com logoCBS Corp. (CBS) Inks a Deal to Buy Australia's Network Ten - Nasdaq
www.nasdaq.com - August 28 at 6:57 PM
americanbankingnews.com logo Analysts Expect Gray Television, Inc. (GTN) to Announce $0.23 Earnings Per Share
www.americanbankingnews.com - August 25 at 12:58 PM
finance.yahoo.com logoETFs with exposure to Gray Television, Inc. : August 23, 2017
finance.yahoo.com - August 24 at 7:18 AM
finance.yahoo.com logoGray Television, Inc. breached its 50 day moving average in a Bearish Manner : GTN-US : August 21, 2017
finance.yahoo.com - August 21 at 6:39 PM
americanbankingnews.com logoComparing Gray Television (GTN) & Central European Media Enterprises (CETV)
www.americanbankingnews.com - August 14 at 4:31 PM
americanbankingnews.com logoSinclair Broadcast Group (SBGI) and Gray Television (GTN) Head-To-Head Analysis
www.americanbankingnews.com - August 14 at 8:42 AM
americanbankingnews.com logoBarrington Research Analysts Lower Earnings Estimates for Gray Television, Inc. (GTN)
www.americanbankingnews.com - August 14 at 2:52 AM
americanbankingnews.com logoFY2019 EPS Estimates for Gray Television, Inc. Raised by Barrington Research (GTN)
www.americanbankingnews.com - August 11 at 4:48 PM
finance.yahoo.com logoGray Television, Inc. :GTN-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017
finance.yahoo.com - August 11 at 1:30 AM
americanbankingnews.com logoGray Television (GTN) and Liberty Media Corporation (BATRK) Financial Comparison
www.americanbankingnews.com - August 10 at 10:42 AM
americanbankingnews.com logoBenchmark Co. Raises Gray Television, Inc. (GTN) Price Target to $20.00
www.americanbankingnews.com - August 9 at 9:44 AM
americanbankingnews.com logoGray Television, Inc. (GTN) Expected to Post Quarterly Sales of $221.40 Million
www.americanbankingnews.com - August 9 at 7:46 AM
finance.yahoo.com logoInvestor Network: Gray Television, Inc. to Host Earnings Call
finance.yahoo.com - August 9 at 5:02 AM
finance.yahoo.com logoEdited Transcript of GTN earnings conference call or presentation 8-Aug-17 1:00pm GMT
finance.yahoo.com - August 9 at 5:02 AM
finance.yahoo.com logoCBS Corp (CBS) Beats on Q2 Earnings & Revenue Estimates - Yahoo Finance
finance.yahoo.com - August 9 at 12:02 AM
seekingalpha.com logoGray Television's (GTN) CEO Hilton Howell on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - August 8 at 7:00 PM
finance.yahoo.com logoGray Television posts 2Q profit
finance.yahoo.com - August 8 at 7:00 PM
americanbankingnews.com logoGray Television, Inc. (GTN) Posts Earnings Results, Beats Expectations By $0.72 EPS
www.americanbankingnews.com - August 8 at 9:22 AM
bizjournals.com logoSinclair Broadcast's push for industry consolidation called 'threat to democracy'
www.bizjournals.com - August 7 at 3:40 PM
americanbankingnews.com logoZacks: Brokerages Expect Gray Television, Inc. (NYSE:GTN) to Announce $0.25 EPS
www.americanbankingnews.com - August 7 at 8:32 AM
americanbankingnews.com logoGray Television, Inc. (NYSE:GTN) Downgraded by BidaskClub to Buy
www.americanbankingnews.com - August 6 at 8:56 AM
finance.yahoo.com logoGray Television, Inc. breached its 50 day moving average in a Bearish Manner : GTN-US : August 4, 2017
finance.yahoo.com - August 5 at 12:36 AM
nasdaq.com logoTEGNA (TGNA) Beats Q2 Earnings and Revenues - Nasdaq
www.nasdaq.com - August 1 at 7:51 PM
nasdaq.com logoMeredith (MDP) Beats on Q4 Earnings & Sales, Guides FY18 - Nasdaq - Nasdaq
www.nasdaq.com - July 28 at 9:59 PM
americanbankingnews.com logoGray Television, Inc. (NYSE:GTN) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - July 25 at 8:43 AM
benzinga.com logoForget Profit, Bet On 4 Stocks With Increasing Cash Flows
www.benzinga.com - July 21 at 1:17 AM
americanbankingnews.com logoQ4 2017 EPS Estimates for Gray Television, Inc. Raised by Analyst (NYSE:GTN)
www.americanbankingnews.com - July 20 at 11:20 AM
finance.yahoo.com logoNetflix (NFLX) Jumps: Stock Rises 13.5%
finance.yahoo.com - July 19 at 7:56 PM
americanbankingnews.com logoGray Television, Inc. to Post Q3 2017 Earnings of $0.24 Per Share, Barrington Research Forecasts (NYSE:GTN)
www.americanbankingnews.com - July 19 at 11:34 AM
americanbankingnews.com logoReviewing Walt Disney Company (The) (DIS) & Gray Television (NYSE:GTN)
www.americanbankingnews.com - July 19 at 8:51 AM
americanbankingnews.com logoRoyal Bank Of Canada Analysts Give Gray Television, Inc. (NYSE:GTN) a $16.00 Price Target
www.americanbankingnews.com - July 18 at 5:31 PM
prnewswire.com logoGray Sets Date For Second Quarter Earnings Release And Earnings Conference Call - PR Newswire (press release)
www.prnewswire.com - July 17 at 8:14 PM

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Chart

Gray Television (GTN) Chart for Thursday, September, 21, 2017

This page was last updated on 9/21/2017 by MarketBeat.com Staff