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MU   62.80 (+2.05%)
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GE   81.14 (+0.43%)
DIS   109.70 (+1.46%)
AMC   5.28 (-0.94%)
PFE   44.25 (-1.82%)
PYPL   80.81 (+2.16%)
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NYSE:GTN

Gray Television - GTN Stock Forecast, Price & News

$12.60
+0.35 (+2.86%)
(As of 01/26/2023 04:29 PM ET)
Add
Compare
Today's Range
$12.19
$12.60
50-Day Range
$10.29
$12.25
52-Week Range
$8.61
$24.81
Volume
441,180 shs
Average Volume
787,187 shs
Market Capitalization
$1.17 billion
P/E Ratio
4.79
Dividend Yield
2.61%
Price Target
$17.20

Gray Television MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
38.7% Upside
$17.20 Price Target
Short Interest
Healthy
4.48% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
0.37mentions of Gray Television in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$1.40 M Bought Last Quarter
Proj. Earnings Growth
-85.17%
From $4.18 to $0.62 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.72 out of 5 stars

Consumer Discretionary Sector

33rd out of 275 stocks

Television Broadcasting Stations Industry

1st out of 14 stocks


GTN stock logo

About Gray Television (NYSE:GTN) Stock

Gray Television, Inc., a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Justice, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets. In addition, the company offers video program production services. It owns and operates television stations and digital assets that serve 113 television markets in the United States. 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 1891 and is headquartered in Atlanta, Georgia.

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GTN Stock News Headlines

Gray Television (NYSE:GTN) Trading 3.5% Higher
Apple, Amazon, and Walmart are Investing in Solar Energy
The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
Debra Alfarone Joins Gray’s Washington News Operation
Apple, Amazon, and Walmart are Investing in Solar Energy
The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
Gray Promotes James Finch As It Expands News Services
News Research and News Consulting Moves In-House at Gray
Netflix (NFLX) Q3 Earnings and Revenues Beat Estimates
Hilton Howell believes in the power of local news
Gray Television Adopts Minimum Wage of $18 Per Hour
Gray Television Inc
See More Headlines
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GTN Company Calendar

Last Earnings
11/04/2022
Ex-Dividend for 12/30 Dividend
12/14/2022
Dividend Payable
12/30/2022
Today
1/26/2023
Next Earnings (Estimated)
2/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
N/A
Employees
8,993
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$17.20
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+36.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$90 million
Pretax Margin
12.39%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$4.14 per share
Book Value
$18.50 per share

Miscellaneous

Free Float
88,625,000
Market Cap
$1.17 billion
Optionable
Optionable
Beta
1.57

Key Executives

  • Mr. Hilton Hatchett Howell Jr. (Age 61)
    Exec. Chairman & CEO
    Comp: $3.2M
  • Mr. Donald Patrick LaPlatney (Age 63)
    Pres, Co-CEO & Director
    Comp: $4.66M
  • Mr. James C. Ryan (Age 62)
    Exec. VP & CFO
    Comp: $3.67M
  • Mr. Robert Lawrence Smith (Age 60)
    Exec. VP & COO
    Comp: $3.33M
  • Mr. Kevin P. Latek (Age 52)
    Exec. VP, Chief Legal & Devel. Officer and Sec.
    Comp: $3.73M
  • Mr. Jackson S. Cowart IV
    Sr. VP & Chief Accounting Officer
  • Mr. David Burke
    Sr. VP & Chief Technology Officer
  • Ms. Charlie Effinger
    VP of Corp. Devel.
  • Ms. Meg Little
    Group Director of Marketing & Client Services
  • Ms. Jan Goldstein
    Sr. VP of HR













GTN Stock - Frequently Asked Questions

Should I buy or sell Gray Television stock right now?

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.
View GTN analyst ratings
or view top-rated stocks.

What is Gray Television's stock price forecast for 2023?

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.
View analysts price targets for GTN
or view top-rated stocks among Wall Street analysts.

How have GTN shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Gray Television?

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
.

When is Gray Television's next earnings date?

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

How were Gray Television's earnings last quarter?

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%.

How often does Gray Television pay dividends? What is the dividend yield for Gray Television?

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
.

Is Gray Television a good dividend stock?

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.

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

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.

What is Hilton H. Howell, Jr.'s approval rating as Gray Television's CEO?

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.

What other stocks do shareholders of Gray Television own?

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).

What is Gray Television's stock symbol?

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

Who are Gray Television's major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of Gray Television?

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.
Compare Top Brokerages Here.

What is Gray Television's stock price today?

One share of GTN stock can currently be purchased for approximately $12.25.

How much money does Gray Television make?

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.

How many employees does Gray Television have?

The company employs 8,993 workers across the globe.

How can I contact Gray Television?

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.

This page (NYSE:GTN) was last updated on 1/26/2023 by MarketBeat.com Staff