About Gray Television (NYSE:GTN)
Gray 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
Trailing P/E Ratio13.16
Forward P/E Ratio9.62
Sales & Book Value
Annual Sales$812.47 million
Price / Sales1.67
Cash Flow$2.39 per share
Price / Cash6.33
Book Value$6.80 per share
Price / Book2.22
Net Income$62.27 million
Return on Equity15.53%
Return on Assets2.91%
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) announced its quarterly earnings results on Monday, November, 6th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.22 by $0.01. The business earned $219 million during the quarter, compared to the consensus estimate of $218.78 million. Gray Television had a net margin of 14.91% and a return on equity of 15.53%. The company's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. View Gray Television's Earnings History.
When will Gray Television make its next earnings announcement?
Where is Gray Television's stock going? Where will Gray Television's stock price be in 2018?
6 brokers have issued twelve-month target prices for Gray Television's shares. Their predictions range from $17.00 to $21.00. On average, they expect Gray Television's stock price to reach $18.83 in the next year. View Analyst Ratings for Gray Television.
What are Wall Street analysts saying about Gray Television stock?
Here are some recent quotes from research analysts about Gray Television stock:
- 1. Benchmark Co. analysts commented, "We noted in our recent political primer that the Alaskan gubernatorial race has heated up once again, albeit not to the same degree, while Gray reaches the third largest number of toss- up/contested DMAs in our broadcast group, which bodes well for material upside. Change in Earnings Forecast Rating: Buy Current Price $15.25 Price Target $21.00 52-Wk Range $11.70 – $17.80 Shares Outstanding (mm) 73 Market Cap (mm) $1,106 Enterprise Value (mm) $2,837 Average Volume (000s) 811 Net Debt (mm) $1,731 Sector Weight Market Weight Daniel L. Kurnos, CFA 561-939-8262 [email protected] FY Dec Q1 Q2 Q3 Q4 Total P/E EV/EBITDA EPS 2017E $0.14A $0.97A $0.21A $0.22E $1.55E 10x 2018E $0.30E $0.48E $0.50E $0.75E $2.03E 8x 2019E $0.27E $0.52E $0.35E $0.34E $1.49E 10x EBITDA 2017E $64A $86A $73A $75E $297E 10x 2018E $76E $93E $94E $119E $382E 7x 2019E $73E $98E $81E $80E $331E 9x Gray Television, Inc." (2/15/2018)
- 2. 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. " (2/14/2018)
Who are some of Gray Television's key competitors?
Some companies that are related to Gray Television include Eldorado Resorts (ERI), Penn National Gaming (PENN), Steven Madden (SHOO), Laureate Education (LAUR), H.I.S. (HISJF), American Woodmark (AMWD), Thomas Cook Group (TCKGY), La Quinta (LQ), Central Garden & Pet (CENT), Supergroup Plc, Cheltenham (SEPGY), Pinnacle Entertainment (PNK), International Speedway (ISCA), Masonite International (DOOR), MSG Networks (MSGN), AMC Entertainment (AMC), Prestige Brands (PBH), Dunelm Group (DNLMY) and Party City Holdco (PRTY).
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 (Age 54)
- James C. Ryan, Chief Financial Officer, Executive Vice President (Age 56)
- Bob Smith, Executive Vice President and Co-Chief Operating Officer (Age 53)
- Kevin P. Latek, Executive Vice President and Chief Legal and Development Officer, Secretary (Age 46)
- Howell W. Newton, Lead Independent Director (Age 70)
- Luis A. Garcia, Director (Age 50)
- Robin Robinson Howell, Director (Age 52)
- Elizabeth Russell Neuhoff, Director (Age 47)
- Harriett J. Robinson, Director (Age 85)
Who owns Gray Television stock?
Gray Television's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.05%), Victory Capital Management Inc. (2.74%), Clearbridge LLC (2.26%), Penn Capital Management Co. Inc. (1.72%), Bank of New York Mellon Corp (1.14%) and Sound Point Capital Management LP (1.09%). 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.
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 Thrivent Financial For Lutherans, Deutsche Bank AG, Corsair Capital Management L.P., Sound Point Capital Management LP, Paloma Partners Management Co, Chartwell Investment Partners LLC, Convergence Investment Partners LLC and Metropolitan Life Insurance Co. NY. Company insiders that have sold Gray Television company stock in the last year include Kevin Paul Latek and Richard Lee Boger. View Insider Buying and Selling for Gray Television.
Who bought Gray Television stock? Who is buying Gray Television stock?
Gray Television's stock was acquired by a variety of institutional investors in the last quarter, including Waratah Capital Advisors Ltd., Bank of New York Mellon Corp, Allianz Asset Management GmbH, BlackRock Inc., OppenheimerFunds Inc., Schroder Investment Management Group, Dalton Greiner Hartman Maher & Co. and Millennium 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 Gray Television stock?
Shares of Gray Television 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 Gray Television stock can currently be purchased for approximately $15.10.
How big of a company is Gray Television?
Gray Television has a market capitalization of $1.35 billion and generates $812.47 million in revenue each year. The company earns $62.27 million in net income (profit) each year or $1.81 on an earnings per share basis. Gray Television employs 3,700 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 (GTN)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.
Gray Television (NYSE:GTN) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||3.00||3.00||3.00||3.00|
|Ratings Breakdown: ||0 Sell Rating(s)|
0 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
0 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
0 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$18.83||$18.83||$18.80||$18.25|
|Price Target Upside: ||23.50% upside||8.55% upside||27.89% upside||25.86% upside|
Gray Television (NYSE:GTN) Consensus Price Target History
Gray Television (NYSE:GTN) Analyst Ratings History
(Data available from 2/22/2016 forward)
Gray Television (NYSE:GTN) Earnings History and Estimates Chart
Gray Television (NYSE GTN) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/6/2017||Q3 2017||$0.22||$0.21||$218.78 million||$219.00 million||View||N/A|
|8/8/2017||Q2 2017||$0.25||$0.28||$221.05 million||$226.70 million||View||Listen|
|5/4/2017||Q1 2017||$0.07||$0.16||$194.68 million||$203.46 million||View||Listen|
|3/1/2017||Q416||$0.50||$0.49||$237.30 million||$237.62 million||View||Listen|
|11/8/2016||Q316||$0.41||$0.26||$220.35 million||$204.50 million||View||Listen|
|8/4/2016||Q216||$0.25||$0.24||$196.25 million||$196.60 million||View||Listen|
|5/9/2016||Q116||$0.10||$0.18||$178.05 million||$173.70 million||View||Listen|
|2/26/2016||Q415||$0.20||$0.21||$163.33 million||$169.50 million||View||Listen|
|11/3/2015||Q315||$0.13||$0.18||$145.65 million||$151.10 million||View||Listen|
|8/5/2015||Q215||$0.13||$0.17||$142.53 million||$143.50 million||View||Listen|
|5/5/2015||Q115||$0.04||$0.10||$130.27 million||$133.30 million||View||Listen|
|3/5/2015||Q414||$0.53||$0.53||$171.00 million||$177.90 million||View||Listen|
|11/5/2014||Q314||$0.25||$0.24||$129.80 million||$131.70 million||View||Listen|
|8/7/2014||Q214||$0.12||$0.03||$103.40 million||$107.20 million||View||Listen|
|5/8/2014||Q114||$0.01||$0.02||$91.60 million||$91.30 million||View||Listen|
|3/11/2014||Q413||$0.10||$0.07||$84.70 million||$95.60 million||View||Listen|
|11/7/2013||Q313||$0.12||$0.12||$88.20 million||$88.30 million||View||Listen|
|8/8/2013||Q2 2013||$0.09||$0.09||$85.17 million||$84.30 million||View||Listen|
|5/2/2013||Q1 2013||($0.01)||$0.02||$76.55 million||$78.17 million||View||Listen|
|2/20/2013||Q4 2012||$0.47||($0.05)||$124.68 million||$126.60 million||View||Listen|
Gray Television (NYSE:GTN) Earnings Estimates
2018 EPS Consensus Estimate: $1.65
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Gray Television (NYSE:GTN)
No dividend announcements for this company have been tracked by MarketBeat.com
Gray Television (NYSE GTN) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 12.00%
Institutional Ownership Percentage: 74.42%
Gray Television (NYSE GTN) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|12/21/2017||Kevin Paul Latek||EVP||Sell||97,634||$16.96||$1,655,872.64||219,706|| |
|3/10/2017||Richard Lee Boger||Director||Sell||7,000||$14.21||$99,470.00||21,066|| |
|12/29/2016||T L Elder||Director||Sell||2,960||$10.98||$32,500.80||22,251|| |
|11/16/2016||Harriett J Robinson||Director||Buy||6,100||$9.55||$58,255.00||992,753|| |
|11/15/2016||Hilton H Howell Jr||Vice Chairman||Buy||1,720||$8.98||$15,445.60||537,021|| |
|11/10/2016||Harriett J Robinson||Director||Buy||12,000||$7.62||$91,440.00||986,653|| |
|11/10/2016||Hilton H Howell Jr||Vice Chairman||Buy||1,600||$7.58||$12,128.00||536,377|| |
|7/14/2015||Hugh Norton||Director||Sell||7,500||$17.12||$128,400.00|| |
|9/9/2014||Howell Newton||Director||Sell||1,000||$9.53||$9,530.00|| |
|1/16/2014||Howell Newton||Director||Sell||3,000||$12.25||$36,750.00|| |
|12/10/2013||Hilton H Howell Jr||CEO||Buy||1,000||$10.69||$10,690.00|| |
|12/3/2013||Hilton H Howell Jr||CEO||Buy||1,000||$10.04||$10,040.00|| |
|11/27/2013||Hilton H Howell Jr||CEO||Buy||5,800||$10.61||$61,538.00|| |
|8/2/2013||J Mack Robinson||Major Shareholder||Buy||492,212||$8.00||$3,937,696.00|| |
|6/20/2013||Harriett J Robinson||Director||Buy||9,000||$6.97||$62,730.00|| |
|6/19/2013||J Mack Robinson||Major Shareholder||Buy||1,000||$7.08||$7,080.00|| |
|6/18/2013||Harriett J Robinson||Director||Buy||15,000||$6.94||$104,100.00|| |
|5/8/2013||T L Elder||Director||Sell||10,000||$6.53||$65,300.00|| |
Gray Television (NYSE GTN) News Headlines
|Zacks: Analysts Anticipate Gray Television, Inc. (GTN) Will Announce Earnings of $0.25 Per Share|
www.americanbankingnews.com - February 21 at 2:28 PM
|Gray Television (GTN) to Release Earnings on Tuesday|
www.americanbankingnews.com - February 20 at 4:12 AM
|Gray Television (GTN) Upgraded to "Hold" by Zacks Investment Research|
www.americanbankingnews.com - February 18 at 5:24 PM
|Gray Television (GTN) Stock Rating Reaffirmed by Benchmark|
www.americanbankingnews.com - February 15 at 6:52 PM
|Directv (DTV) & Gray Television (GTN) Head to Head Review|
www.americanbankingnews.com - February 11 at 11:12 AM
|Traders Purchase High Volume of Put Options on Gray Television (GTN)|
www.americanbankingnews.com - February 11 at 2:56 AM
|Gray Television, Inc. (GTN) Receives Consensus Rating of "Buy" from Brokerages|
www.americanbankingnews.com - February 10 at 5:36 AM
|$232.62 Million in Sales Expected for Gray Television, Inc. (GTN) This Quarter|
www.americanbankingnews.com - February 6 at 4:46 AM
| Brokerages Anticipate Gray Television, Inc. (GTN) to Post $0.25 Earnings Per Share|
www.americanbankingnews.com - February 4 at 1:20 PM
|Gray Television (GTN) Stock Rating Lowered by Zacks Investment Research|
www.americanbankingnews.com - January 31 at 12:22 AM
|Gray Sets Date for Fourth Quarter Earnings Release and Earnings Conference Call|
finance.yahoo.com - January 30 at 9:54 AM
|Analyzing Directv (DTV) and Gray Television (GTN)|
www.americanbankingnews.com - January 25 at 10:34 AM
|Guggenheim Analysts Give Gray Television (GTN) a $21.00 Price Target|
www.americanbankingnews.com - January 22 at 5:46 PM
| Brokerages Expect Gray Television, Inc. (GTN) Will Announce Quarterly Sales of $232.62 Million|
www.americanbankingnews.com - January 20 at 8:08 AM
|Gray Announces Record-Setting Audience Rankings|
finance.yahoo.com - January 18 at 3:28 PM
|Zacks: Brokerages Expect Gray Television, Inc. (GTN) Will Post Earnings of $0.25 Per Share|
www.americanbankingnews.com - January 18 at 1:28 PM
|Gray Television, Inc. (GTN) Short Interest Up 32.8% in December|
www.americanbankingnews.com - January 18 at 2:00 AM
|Belo (BLC) and Gray Television (GTN) Head to Head Comparison|
www.americanbankingnews.com - January 17 at 1:28 AM
|Gray Television, Inc. (GTN) Receives Average Recommendation of "Buy" from Analysts|
www.americanbankingnews.com - January 16 at 5:32 AM
|Gray Television Meets 80-Plus Relative Strength Rating Benchmark|
finance.yahoo.com - January 12 at 3:24 PM
|Options Traders Expect Huge Moves in Gray Television (GTN) Stock - Nasdaq|
www.nasdaq.com - January 12 at 8:51 AM
|Gray Television Earns Technical Rating Upgrade|
finance.yahoo.com - January 10 at 3:27 PM
|Head to Head Comparison: Virgin Media (VMED) versus Gray Television (GTN)|
www.americanbankingnews.com - January 10 at 1:16 AM
|Gray Television, Inc. (GTN) Sees Large Drop in Short Interest|
www.americanbankingnews.com - January 5 at 2:10 AM
|Gray Television (GTN) Upgraded at Zacks Investment Research|
www.americanbankingnews.com - January 2 at 12:50 AM
|Did Gray Television Inc (NYSE:GTN) Create Value For Shareholders?|
finance.yahoo.com - December 25 at 4:03 PM
|Traders Purchase Large Volume of Gray Television Call Options (GTN)|
www.americanbankingnews.com - December 24 at 3:34 AM
|Gray Television, Inc. (GTN) EVP Sells $1,655,872.64 in Stock|
www.americanbankingnews.com - December 22 at 8:39 PM
|Gray Television, Inc. (GTN) Given Consensus Rating of "Buy" by Analysts|
www.americanbankingnews.com - December 22 at 5:54 AM
|Gray Television (GTN) Catches Eye: Stock Jumps 6.6% - Nasdaq|
www.nasdaq.com - December 20 at 3:25 PM
|Jasmine Hatcher Hardin Named The New General Manager Of Gray's WVLT And WBXX In Knoxville|
finance.yahoo.com - December 20 at 3:25 PM
|Zacks: Brokerages Anticipate Gray Television, Inc. (GTN) Will Announce Quarterly Sales of $231.68 Million|
www.americanbankingnews.com - December 18 at 10:16 PM
|Gray Television (GTN) Catches Eye: Stock Jumps 6.6%|
www.zacks.com - December 18 at 8:20 AM
|Gray Television, Inc. breached its 50 day moving average in a Bullish Manner : GTN-US : December 18, 2017|
finance.yahoo.com - December 18 at 8:20 AM
|Gray Television, Inc. (GTN) to Post FY2017 Earnings of $1.55 Per Share, Jefferies Group Forecasts|
www.americanbankingnews.com - December 18 at 2:30 AM
|Zacks: Brokerages Anticipate Gray Television, Inc. (GTN) to Announce $0.26 Earnings Per Share|
www.americanbankingnews.com - December 16 at 3:24 AM
|Zacks Investment Research Downgrades Gray Television (GTN) to Strong Sell|
www.americanbankingnews.com - December 15 at 10:40 PM
|Stocks Showing Rising Market Leadership: Gray Television Earns 82 RS Rating|
finance.yahoo.com - December 15 at 3:29 PM
|Gray Television (GTN) & Grupo Televisa (TV) Head to Head Review|
www.americanbankingnews.com - December 15 at 9:14 AM
|Gray Television (GTN) Now Covered by Jefferies Group|
www.americanbankingnews.com - December 14 at 9:18 PM
|ETFs with exposure to Gray Television, Inc. : December 8, 2017|
finance.yahoo.com - December 8 at 3:26 PM
|Gray Television Completes Public Offering of Common Stock - PR Newswire (press release)|
www.prnewswire.com - December 7 at 3:28 PM
|Gray Television Completes Public Offering of Common Stock|
finance.yahoo.com - December 6 at 3:26 PM
|Gray Television Sees IBD RS Rating Climb To 72|
finance.yahoo.com - December 5 at 3:26 PM
|Traders Purchase High Volume of Gray Television Put Options (GTN)|
www.americanbankingnews.com - December 1 at 4:52 AM
|Gray Television (GTN) Downgraded to "Buy" at ValuEngine|
www.americanbankingnews.com - November 30 at 10:28 PM
|30 Stocks Moving In Thursday's Mid-Day Session - Benzinga|
www.benzinga.com - November 30 at 3:26 PM
|Gray Television, Inc. breached its 50 day moving average in a Bearish Manner : GTN-US : November 30, 2017|
finance.yahoo.com - November 30 at 8:52 AM
|Gray Television Prices Public Offering of Common Stock|
www.prnewswire.com - November 29 at 8:36 PM
|ETFs with exposure to Gray Television, Inc. : November 28, 2017|
finance.yahoo.com - November 28 at 3:25 PM
Gray Television (NYSE:GTN) SEC Filings
This page is loading this company's SEC Filings. Please wait...
Gray Television (NYSE:GTN) Income Statement, Balance Sheet and Cash Flow Statement
Gray Television (NYSE GTN) Stock Chart for Thursday, February, 22, 2018