Gray Television - GTN Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gray Television in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research 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.
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3 equities research analysts have issued 1-year price targets for Gray Television's stock. Their GTN share price forecasts range from $7.00 to $33.00. On average, they anticipate the company's stock price to reach $17.20 in the next year. This suggests a possible upside of 40.4% from the stock's current price.
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Gray Television's stock was trading at $11.19 at the beginning of 2023. Since then, GTN stock has increased by 9.5% and is now trading at $12.25.
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Gray Television saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 3,250,000 shares, an increase of 5.9% from the December 15th total of 3,070,000 shares. Based on an average daily volume of 898,400 shares, the days-to-cover ratio is currently 3.6 days. Approximately 4.8% of the company's stock are sold short.
View Gray Television's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our GTN earnings forecast.

Gray Television, Inc. (NYSE:GTN) released its quarterly earnings results on Friday, November, 4th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.41 by $0.38. The company had revenue of $909 million for the quarter, compared to analysts' expectations of $950.70 million. Gray Television had a trailing twelve-month return on equity of 16.26% and a net margin of 8.96%.

Gray Television announced a quarterly dividend on Friday, November 4th. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.08 per share on Friday, December 30th. This represents a $0.32 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Wednesday, December 14th.
Read our dividend analysis for GTN.

Gray Television (NYSE:GTN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 2.67%. The dividend payout ratio is 12.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GTN will have a dividend payout ratio of 51.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GTN.

Gray Television updated its fourth quarter 2022 earnings guidance on Friday, November, 18th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.02 billion-$1.05 billion, compared to the consensus revenue estimate of $1.15 billion.

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.

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).

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

Gray Television's stock is owned by many different retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.85%), AEGON ASSET MANAGEMENT UK Plc (0.12%), First Hawaiian Bank (0.03%), Yorktown Management & Research Co Inc (0.03%), Quent Capital LLC (0.02%) and Arden Trust Co (0.01%). 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, Kevin Paul Latek, Richard Lee Boger, Robert Lawrence Smith and Robin Robinson Howell.
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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.
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One share of GTN stock can currently be purchased for approximately $12.25.

Gray Television (NYSE:GTN) has a market capitalization of $1.14 billion and generates $2.41 billion in revenue each year. The company earns $90 million in net income (profit) each year or $2.63 on an earnings per share basis.

The company employs 8,993 workers across the globe.

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.