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

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$23.39 -0.35 (-1.47 %)
(As of 04/21/2019 02:09 PM ET)
Previous Close$23.39
Today's Range$23.35 - $23.70
52-Week Range$10.70 - $25.31
Volume613,663 shs
Average Volume993,981 shs
Market Capitalization$2.36 billion
P/E Ratio9.63
Dividend YieldN/A
Beta2.02
Gray Television, Inc., a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network. The company 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. In addition, it is also involved in the video program production, marketing, and digital businesses including Raycom Sports, Tupelo-Raycom, and RTM Studios; and production of PowerNation programs and content. 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$1.08 billion
Cash Flow$3.6376 per share
Book Value$13.38 per share

Profitability

Net Income$210.80 million

Miscellaneous

Employees8,523
Market Cap$2.36 billion
Next Earnings Date5/14/2019 (Estimated)
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) issued its quarterly earnings results on Thursday, February, 28th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.14. The business earned $328.22 million during the quarter, compared to analysts' expectations of $321.75 million. Gray Television had a return on equity of 20.07% and a net margin of 19.44%. 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, May 14th 2019. View Earnings Estimates for Gray Television.

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

Gray Television updated its first quarter 2019 earnings guidance on Thursday, February, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $495-502 million, compared to the consensus revenue estimate of $232.67 million.

What price target have analysts set for GTN?

8 brokers have issued 1 year target prices for Gray Television's stock. Their predictions range from $19.00 to $29.00. On average, they anticipate Gray Television's share price to reach $25.3333 in the next year. This suggests a possible upside of 8.3% 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. " (3/7/2019)
  • 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 coverage about GTN stock has trended neutral recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Gray Television earned a news sentiment score of 0.4 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term.

Are investors shorting Gray Television?

Gray Television saw a decline in short interest during the month of March. As of March 15th, there was short interest totalling 2,625,067 shares, a decline of 53.1% from the February 28th total of 5,597,046 shares. Based on an average daily trading volume, of 1,816,047 shares, the short-interest ratio is presently 1.4 days. Approximately 2.9% of the company's stock are short sold. View Gray Television's Current Options Chain.

Who are some of Gray Television's key competitors?

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), Horizon Pharma (HZNP), Energy Transfer LP Unit (ET), Veeva Systems (VEEV), Allergan (AGN), Celldex Therapeutics (CLDX), Groupon (GRPN) and Alibaba Group (BABA).

Who are Gray Television's key executives?

Gray Television's management team includes the folowing people:
  • Mr. Hilton Hatchett Howell Jr., Exec. Chairman & CEO (Age 57)
  • Mr. James C. Ryan, Exec. VP & CFO (Age 58)
  • Mr. Kevin P. Latek, Exec. VP & Chief Legal and Devel. Officer (Age 48)
  • Mr. Patrick D. LaPlatney, Pres, Co-CEO & Director (Age 59)
  • Mr. Robert Lawrence Smith, Exec. VP & COO (Age 56)

Who are Gray Television's major shareholders?

Gray Television's stock is owned by many different of institutional and retail investors. Top institutional investors include Retirement Systems of Alabama (7.05%), Peregrine Capital Management LLC (0.42%), Ingalls & Snyder LLC (0.08%), Cascade Investment Advisors Inc. (0.06%), Calamos Advisors LLC (0.04%) and Welch Group LLC (0.01%). Company insiders that own Gray Television stock include Harriett J Robinson and Kevin Paul Latek. View Institutional Ownership Trends for Gray Television.

Which institutional investors are selling Gray Television stock?

GTN stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Ingalls & Snyder LLC, Meeder Asset Management Inc. and Cascade Investment Advisors Inc.. View Insider Buying and Selling for Gray Television.

Which institutional investors are buying Gray Television stock?

GTN stock was bought by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Welch Group LLC and Calamos Advisors LLC. 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 $23.39.

How big of a company is Gray Television?

Gray Television has a market capitalization of $2.36 billion and generates $1.08 billion in revenue each year. The company earns $210.80 million in net income (profit) each year or $2.43 on an earnings per share basis. Gray Television employs 8,523 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:  298 (Vote Outperform)
Underperform Votes:  219 (Vote Underperform)
Total Votes:  517
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 4/21/2019 by MarketBeat.com Staff

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