NYSE:GTN - Gray Television Stock Price, Price Target & More

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$15.15 -0.35 (-2.26 %)
(As of 07/20/2018 08:00 AM ET)
Previous Close$15.50
Today's Range$15.15 - $15.55
52-Week Range$10.70 - $17.80
Volume987,700 shs
Average Volume1.57 million shs
Market Capitalization$1.38 billion
P/E Ratio12.95
Dividend YieldN/A
Gray Television logoGray Television, Inc., a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 23, 2018, the company owned and operated television stations in 57 television markets broadcasting approximately 200 program streams, including approximately 100 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network. It also broadcasts secondary digital channels affiliated to ABC, CBS, and FOX, as well as channels affiliated with various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets. 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 1897 and is headquartered in Atlanta, Georgia.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Television broadcasting stations
SectorConsumer Discretionary


Debt-to-Equity Ratio1.85
Current Ratio6.46
Quick Ratio6.46


Trailing P/E Ratio12.95
Forward P/E Ratio8.23
P/E Growth1.4

Sales & Book Value

Annual Sales$882.73 million
Price / Sales1.52
Cash Flow$2.0612 per share
Price / Cash7.35
Book Value$11.05 per share
Price / Book1.37


EPS (Most Recent Fiscal Year)$1.17
Net Income$261.95 million
Net Margins29.97%
Return on Equity11.06%
Return on Assets2.79%


Outstanding Shares88,770,000
Market Cap$1,375.90

Gray Television (NYSE:GTN) Frequently Asked Questions

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) posted its quarterly earnings results on Tuesday, May, 8th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.07. The business earned $226.26 million during the quarter, compared to analysts' expectations of $225.41 million. Gray Television had a net margin of 29.97% and a return on equity of 11.06%. The business's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 EPS. View Gray Television's Earnings History.

What price target have analysts set for GTN?

8 equities research analysts have issued 12 month price objectives for Gray Television's stock. Their forecasts range from $18.00 to $28.00. On average, they expect Gray Television's share price to reach $22.1667 in the next year. This suggests a possible upside of 46.3% from the stock's current price. View Analyst Ratings for Gray Television.

What is the consensus analysts' recommendation for Gray Television?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gray Television in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

What are Wall Street analysts saying about Gray Television stock?

Here are some recent quotes from research analysts about Gray Television stock:
  • 1. According to Zacks Investment Research, "Gray Television is a communications company headquartered in Atlanta, Georgia, and currently operates 15 CBS-affiliated television stations, seven NBC-affiliated television stations, seven ABC-affiliated television stations and four daily newspapers. " (7/7/2018)
  • 2. Benchmark Co. analysts commented, "We suspect management’s conservative nature could allow 1Q18 results to still fall within the prior guidance range despite some incremental softness in Auto, differentiating them from the broader peer group, although we are reducing our 2Q core outlook from slightly up to down 1%. We are raising our 2018E EBITDA, however, by $5 million to $388 million, still below what we think is an achievable number north of $400 million depending on political. Unfortunately, the bigger issue for Gray is 2019, with consensus at $322 million, including our overly ambitious $330 million forecast. We acknowledge we failed to consider the NBC full-year renewal impact, as well as the CBS step-up in 2H19, bringing our EBITDA forecast down to $298 million for the year. Even on our new numbers, however, shares still only trade at 6.5x blended 2018/2019E EV/EBITDA, with the Firm unfairly impacted by concerns over the pending UHF discount ruling." (5/3/2018)

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:
  • Mr. Hilton Hatchett Howell Jr., Chairman, Pres & CEO (Age 56)
  • Mr. James C. Ryan, Exec. VP & CFO (Age 57)
  • Mr. Kevin P. Latek, Exec. VP, Chief Legal & Devel. Officer and Sec. (Age 47)
  • Mr. Nick Craig Waller, Exec. VP & Co-COO (Age 64)
  • Mr. Robert Smith, Co-Chief Operating Officer and Exec. VP (Age 55)

Has Gray Television been receiving favorable news coverage?

News articles about GTN stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Gray Television earned a news impact score of 0.24 on Accern's scale. They also assigned media headlines about the company an impact score of 47.11 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Who are Gray Television's major shareholders?

Gray Television's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (0.61%), Dalton Greiner Hartman Maher & Co. (0.43%), James Investment Research Inc. (0.05%), Palo Capital Inc. (0.04%), Unison Advisors LLC (0.03%) and Cornerstone Wealth Management LLC (0.01%). Company insiders that own Gray Television stock include Harriett J Robinson, Hilton H Howell Jr, Kevin Paul Latek, Richard Lee Boger and T L Elder. View Institutional Ownership Trends for Gray Television.

Which institutional investors are selling Gray Television stock?

GTN stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc.. View Insider Buying and Selling for Gray Television.

Which institutional investors are buying Gray Television stock?

GTN stock was bought by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Palo Capital Inc., Dalton Greiner Hartman Maher & Co., Unison Advisors LLC and Cornerstone Wealth Management LLC. 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 shares of Gray Television?

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

What is Gray Television's stock price today?

One share of GTN stock can currently be purchased for approximately $15.15.

How big of a company is Gray Television?

Gray Television has a market capitalization of $1.38 billion and generates $882.73 million in revenue each year. The company earns $261.95 million in net income (profit) each year or $1.17 on an earnings per share basis. Gray Television employs 3,938 workers across the globe.

How can I contact Gray Television?

Gray Television's mailing address is 4370 PEACHTREE ROAD NE, ATLANTA GA, 30319. The company can be reached via phone at 404-504-9828.

MarketBeat Community Rating for Gray Television (NYSE GTN)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  217 (Vote Outperform)
Underperform Votes:  159 (Vote Underperform)
Total Votes:  376
MarketBeat's community ratings are surveys of what our community members think about Gray Television and other stocks. Vote "Outperform" if you believe GTN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GTN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/20/2018 by MarketBeat.com Staff

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