Gray 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Television broadcasting stations
Sub-IndustryN/A
SectorConsumer Discretionary
SymbolNYSE:GTN
CUSIPN/A
Phone404-504-9828
Debt
Debt-to-Equity Ratio1.85
Current Ratio6.46
Quick Ratio6.46
Price-To-Earnings
Trailing P/E Ratio13.09
Forward P/E Ratio8.23
P/E Growth1.4
Sales & Book Value
Annual Sales$882.73 million
Price / Sales1.52
Cash Flow$2.0697 per share
Price / Cash7.32
Book Value$11.05 per share
Price / Book1.37
Profitability
EPS (Most Recent Fiscal Year)$1.17
Net Income$261.95 million
Net Margins29.97%
Return on Equity11.06%
Return on Assets2.79%
Miscellaneous
Employees3,938
Outstanding Shares88,770,000
Market Cap$1,371.47
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 data on Tuesday, May, 8th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.07. The firm 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%. Gray Television's revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 EPS. View Gray Television's Earnings History.
What price target have analysts set for GTN?
8 brokers have issued 12-month price objectives for Gray Television's shares. 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?
Some companies that are related to Gray Television include Nexstar Media Group (NXST), Tribune Company Common Stock (TRCO), Sinclair Broadcast Group (SBGI), Television Francaise 1 (TVFCF), TEGNA (TGNA), Gray Television, Inc. Class A (GTN.A), E. W. Scripps (SSP), Central European Media Enterprises (CETV), Entravision Communication (EVC), Phoenix New Media (FENG) and Liberty Braves Group Series A (BATRA).
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?
Media stories about GTN stock have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gray Television earned a news sentiment score of 0.11 on Accern's scale. They also gave news articles about the company an impact score of 44.97 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Gray Television's major shareholders?
Gray Television's stock is owned by many different 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%) and Unison Advisors LLC (0.03%). 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?
Which institutional investors are buying Gray Television stock?
GTN stock was purchased by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Palo Capital Inc., Dalton Greiner Hartman Maher & Co. and Unison Advisors 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 $1.37 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)
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.
