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:
- Sector: Consumer Discretionary
- Industry: Broadcasting
- Sub-Industry: N/A
- Symbol: NYSE:GTN
- CUSIP: N/A
- Web: www.gray.tv
Capitalization:- Market Cap: $1.05 billion
- 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: 8.67
- 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) announced its earnings results on Tuesday, August, 8th. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The business earned $226.70 million during the quarter, compared to the consensus estimate of $221.05 million. Gray Television had a net margin of 13.38% and a return on equity of 17.32%. Gray Television's quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the firm 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 equities research analysts have issued 12 month price objectives for Gray Television's shares. Their predictions range from $17.00 to $20.00. On average, they expect Gray Television's stock 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?
Some companies that are related to Gray Television include Penn National Gaming (PENN), Deckers Outdoor Corporation (DECK), AMC Entertainment Holdings (AMC), La Quinta Holdings (LQ), Thomas Cook Grp (TCKGY), Central Garden & Pet Company (CENT), Masonite International Corporation (DOOR), Caesars Entertainment Corporation (CZR), World Wrestling Entertainment (WWE), Monro Muffler Brake (MNRO), Emerald Expositions Events (EEX), Party City Holdco (PRTY), Red Rock Resorts (RRR), NutriSystem (NTRI), MSG Networks (MSGN), International Speedway Corporation (ISCA), E.W. Scripps Company (The) (SSP) and Imax Corporation (IMAX).
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 number of of retail and institutional investors. Top institutional investors 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 purchased 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)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.
Earnings History for Gray Television (NYSE:GTN)Earnings History by Quarter for Gray Television (NYSE GTN)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 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 | |
| 10/31/2012 | | $0.23 | $0.26 | | | View | N/A | |
| 8/3/2012 | | $0.17 | $0.17 | | | View | N/A | |
| 5/2/2012 | | | $0.04 | | | View | N/A | |
| 2/24/2012 | | $0.04 | $0.10 | | | View | N/A | |
| 11/4/2011 | | ($0.05) | ($0.07) | | | View | N/A | |
| 8/8/2011 | | $0.01 | $0.01 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Gray Television (NYSE:GTN)2017 EPS Consensus Estimate: $0.81
2018 EPS Consensus Estimate: $1.70
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.09 | $0.09 | $0.09 |
| Q2 2017 | 1 | $0.24 | $0.24 | $0.24 |
| Q3 2017 | 1 | $0.21 | $0.21 | $0.21 |
| Q4 2017 | 1 | $0.27 | $0.27 | $0.27 |
| Q1 2018 | 1 | $0.26 | $0.26 | $0.26 |
| Q2 2018 | 1 | $0.45 | $0.45 | $0.45 |
| Q3 2018 | 1 | $0.39 | $0.39 | $0.39 |
| Q4 2018 | 1 | $0.60 | $0.60 | $0.60 |
(Data provided by Zacks Investment Research)
Dividend History for Gray Television (NYSE:GTN)
No dividend announcements for this company have been tracked by MarketBeat.com
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)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 3/10/2017 | Richard Lee Boger | Director | Sell | 7,000 | $14.21 | $99,470.00 | |
| 12/29/2016 | T L Elder | Director | Sell | 2,960 | $10.98 | $32,500.80 | |
| 11/16/2016 | Harriett J Robinson | Director | Buy | 6,100 | $9.55 | $58,255.00 | |
| 11/15/2016 | Hilton H Howell Jr | Vice Chairman | Buy | 1,720 | $8.98 | $15,445.60 | |
| 11/10/2016 | Harriett J Robinson | Director | Buy | 12,000 | $7.62 | $91,440.00 | |
| 11/10/2016 | Hilton H Howell Jr | Vice Chairman | Buy | 1,600 | $7.58 | $12,128.00 | |
| 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 | |
(Data available from 1/1/2013 forward)
Headline Trends for Gray Television (NYSE:GTN)
Latest Headlines for Gray Television (NYSE:GTN)
| Source: |
|
| Date | Headline |
|---|
 | Contrasting Gray Television (GTN) & Its Rivals
www.americanbankingnews.com - September 21 at 12:22 AM |
 | Stocks Showing Rising Market Leadership: Gray Television Earns 85 RS Rating
finance.yahoo.com - September 20 at 4:50 PM |
| Gray 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 |
| Gray Television, Inc. (GTN) Lowered to Buy at ValuEngine
www.americanbankingnews.com - September 16 at 7:08 PM |
| Head-To-Head Comparison: Gray Television (GTN) versus The Competition
www.americanbankingnews.com - September 14 at 2:22 AM |
| $219.30 Million in Sales Expected for Gray Television, Inc. (GTN) This Quarter
www.americanbankingnews.com - September 14 at 1:08 AM |
| Gray Television, Inc. (GTN) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - September 13 at 8:05 AM |
| Critical Review: TiVo Corporation (TIVO) vs. Gray Television (GTN)
www.americanbankingnews.com - September 12 at 4:29 PM |
 | Can World Wrestling Entertainment Keep the Bull Run Alive? - Nasdaq
www.nasdaq.com - September 11 at 7:48 PM |
| Can World Wrestling Entertainment Keep the Bull Run Alive?
finance.yahoo.com - September 11 at 7:48 PM |
| Investors' Radars Failed to Catch Gray Television (GTN), Has Yours?
finance.yahoo.com - September 10 at 6:07 AM |
| New Strong Buy Stocks for September 8th - Nasdaq
www.nasdaq.com - September 8 at 7:49 PM |
| Investors' Radars Failed to Catch Gray Television (GTN), Has Yours? - Nasdaq
www.nasdaq.com - September 8 at 7:49 PM |
| Analyzing Comcast Corporation (CMCSA) and Gray Television (GTN)
www.americanbankingnews.com - September 8 at 6:10 AM |
| Should Value Investors Consider Gray Television (GTN) Now? - Nasdaq
www.nasdaq.com - September 8 at 12:38 AM |
| Should Value Investors Consider Gray Television (GTN) Now?
finance.yahoo.com - September 6 at 3:57 AM |
| ValuEngine Upgrades Gray Television, Inc. (GTN) to "Strong-Buy"
www.americanbankingnews.com - September 3 at 10:22 AM |
| 5 Excellent Value Stocks Based on Low PEG Ratio - Nasdaq
www.nasdaq.com - August 30 at 4:45 PM |
| CBS Corp. (CBS) Inks a Deal to Buy Australia's Network Ten - Nasdaq
www.nasdaq.com - August 28 at 6:57 PM |
| Analysts Expect Gray Television, Inc. (GTN) to Announce $0.23 Earnings Per Share
www.americanbankingnews.com - August 25 at 12:58 PM |
| ETFs with exposure to Gray Television, Inc. : August 23, 2017
finance.yahoo.com - August 24 at 7:18 AM |
| Gray 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 |
| Comparing Gray Television (GTN) & Central European Media Enterprises (CETV)
www.americanbankingnews.com - August 14 at 4:31 PM |
| Sinclair Broadcast Group (SBGI) and Gray Television (GTN) Head-To-Head Analysis
www.americanbankingnews.com - August 14 at 8:42 AM |
| Barrington Research Analysts Lower Earnings Estimates for Gray Television, Inc. (GTN)
www.americanbankingnews.com - August 14 at 2:52 AM |
| FY2019 EPS Estimates for Gray Television, Inc. Raised by Barrington Research (GTN)
www.americanbankingnews.com - August 11 at 4:48 PM |
| Gray Television, Inc. :GTN-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017
finance.yahoo.com - August 11 at 1:30 AM |
| Gray Television (GTN) and Liberty Media Corporation (BATRK) Financial Comparison
www.americanbankingnews.com - August 10 at 10:42 AM |
| Benchmark Co. Raises Gray Television, Inc. (GTN) Price Target to $20.00
www.americanbankingnews.com - August 9 at 9:44 AM |
| Gray Television, Inc. (GTN) Expected to Post Quarterly Sales of $221.40 Million
www.americanbankingnews.com - August 9 at 7:46 AM |
| Investor Network: Gray Television, Inc. to Host Earnings Call
finance.yahoo.com - August 9 at 5:02 AM |
| Edited Transcript of GTN earnings conference call or presentation 8-Aug-17 1:00pm GMT
finance.yahoo.com - August 9 at 5:02 AM |
| CBS Corp (CBS) Beats on Q2 Earnings & Revenue Estimates - Yahoo Finance
finance.yahoo.com - August 9 at 12:02 AM |
 | Gray Television's (GTN) CEO Hilton Howell on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - August 8 at 7:00 PM |
| Gray Television posts 2Q profit
finance.yahoo.com - August 8 at 7:00 PM |
| Gray Television, Inc. (GTN) Posts Earnings Results, Beats Expectations By $0.72 EPS
www.americanbankingnews.com - August 8 at 9:22 AM |
 | Sinclair Broadcast's push for industry consolidation called 'threat to democracy'
www.bizjournals.com - August 7 at 3:40 PM |
| Zacks: Brokerages Expect Gray Television, Inc. (NYSE:GTN) to Announce $0.25 EPS
www.americanbankingnews.com - August 7 at 8:32 AM |
| Gray Television, Inc. (NYSE:GTN) Downgraded by BidaskClub to Buy
www.americanbankingnews.com - August 6 at 8:56 AM |
| Gray 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 |
| TEGNA (TGNA) Beats Q2 Earnings and Revenues - Nasdaq
www.nasdaq.com - August 1 at 7:51 PM |
| Meredith (MDP) Beats on Q4 Earnings & Sales, Guides FY18 - Nasdaq - Nasdaq
www.nasdaq.com - July 28 at 9:59 PM |
| Gray Television, Inc. (NYSE:GTN) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - July 25 at 8:43 AM |
 | Forget Profit, Bet On 4 Stocks With Increasing Cash Flows
www.benzinga.com - July 21 at 1:17 AM |
| Q4 2017 EPS Estimates for Gray Television, Inc. Raised by Analyst (NYSE:GTN)
www.americanbankingnews.com - July 20 at 11:20 AM |
| Netflix (NFLX) Jumps: Stock Rises 13.5%
finance.yahoo.com - July 19 at 7:56 PM |
| Gray 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 |
| Reviewing Walt Disney Company (The) (DIS) & Gray Television (NYSE:GTN)
www.americanbankingnews.com - July 19 at 8:51 AM |
| Royal Bank Of Canada Analysts Give Gray Television, Inc. (NYSE:GTN) a $16.00 Price Target
www.americanbankingnews.com - July 18 at 5:31 PM |
 | Gray Sets Date For Second Quarter Earnings Release And Earnings Conference Call - PR Newswire (press release)
www.prnewswire.com - July 17 at 8:14 PM |
Gray Television (GTN) Chart for Thursday, September, 21, 2017
