NYSE:GTN - Gray Television Stock Price, News, & Analysis

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$16.13 +0.23 (+1.45 %)
(As of 01/24/2019 08:41 AM ET)
Previous Close$15.90
Today's Range$15.79 - $16.20
52-Week Range$10.70 - $20.24
Volume351,982 shs
Average Volume892,246 shs
Market Capitalization$1.43 billion
P/E Ratio13.79
Dividend YieldN/A
Beta2.05
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.

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Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryN/A
SectorConsumer Discretionary
CUSIPN/A
Phone404-504-9828

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$882.73 million
Cash Flow$2.1393 per share
Book Value$11.05 per share

Profitability

Net Income$261.95 million

Miscellaneous

Employees3,938
Market Cap$1.43 billion
OptionableOptionable

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, November, 6th. The company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.61 by $0.09. The company had revenue of $279 million for the quarter, compared to analysts' expectations of $276.52 million. Gray Television had a net margin of 29.12% and a return on equity of 14.95%. Gray Television's revenue for the quarter was up 27.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 earnings per share. View Gray Television's Earnings History.

When is Gray Television's next earnings date?

Gray Television is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for Gray Television.

What guidance has Gray Television issued on next quarter's earnings?

Gray Television updated its fourth quarter 2018 earnings guidance on Tuesday, November, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $319-325 million, compared to the consensus revenue estimate of $306.14 million.

What price target have analysts set for GTN?

8 brokerages have issued 12 month price targets for Gray Television's shares. Their predictions range from $19.00 to $29.00. On average, they expect Gray Television's stock price to reach $23.00 in the next twelve months. This suggests a possible upside of 42.6% from the stock's current price. View Analyst Price Targets 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." 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. 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. " (1/8/2019)
  • 2. Barrington Research analysts commented, "We are raising our full-year 2018 EPS estimate by $0.25 to $2.10 from $1.85." (8/7/2018)

Has Gray Television been receiving favorable news coverage?

Media stories about GTN stock have been trending negative this week, InfoTrie reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Gray Television earned a media sentiment score of -2.0 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the company's share price in the next several days.

Are investors shorting Gray Television?

Gray Television saw a decline in short interest in the month of December. As of December 14th, there was short interest totalling 3,352,894 shares, a decline of 37.3% from the November 30th total of 5,347,074 shares. Based on an average trading volume of 979,353 shares, the short-interest ratio is presently 3.4 days. Approximately 4.2% of the shares of the stock are short sold. View Gray Television's Current Options Chain.

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. Robert Smith, Exec. VP & COO (Age 55)
  • Mr. Jackson S. Cowart IV, Chief Accounting Officer & VP

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 (0.71%), James Investment Research Inc. (0.16%), Dalton Greiner Hartman Maher & Co. (0.12%), Bowling Portfolio Management LLC (0.11%), Meeder Asset Management Inc. (0.02%) and First Quadrant L P CA (0.01%). Company insiders that own Gray Television stock include Harriett J Robinson, Kevin Paul Latek and Richard Lee Boger. View Institutional Ownership Trends for Gray Television.

Which major investors are selling Gray Television stock?

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

Which major investors are buying Gray Television stock?

GTN stock was bought by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC, Peregrine Capital Management LLC, First Quadrant L P CA and Meeder Asset Management Inc.. 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 $16.13.

How big of a company is Gray Television?

Gray Television has a market capitalization of $1.43 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.

What is Gray Television's official website?

The official website for Gray Television is http://www.gray.tv.

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:  269 (Vote Outperform)
Underperform Votes:  198 (Vote Underperform)
Total Votes:  467
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 1/24/2019 by MarketBeat.com Staff

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