Gray Television - GTN Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gray Television in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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.
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3 brokerages have issued 12 month price targets for Gray Television's stock. Their GTN share price forecasts range from $7.00 to $33.00. On average, they expect the company's stock price to reach $17.20 in the next year. This suggests a possible upside of 49.4% from the stock's current price.
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Gray Television's stock was trading at $20.16 at the beginning of the year. Since then, GTN stock has decreased by 42.9% and is now trading at $11.51.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
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Gray Television, Inc. (NYSE:GTN) announced its earnings results on Thursday, November, 4th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.70. The firm had revenue of $601 million for the quarter, compared to analyst estimates of $597 million. Gray Television had a trailing twelve-month return on equity of 16.26% and a net margin of 8.96%. Gray Television's revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 EPS.

Gray Television declared a quarterly dividend on Friday, November 4th. Stockholders of record on Thursday, December 15th will be given a dividend of $0.08 per share on Friday, December 30th. This represents a $0.32 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Wednesday, December 14th.
Read our dividend analysis for GTN.

Gray Television (NYSE:GTN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 2.78%. The company does not yet have a strong track record of dividend growth. 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 25.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GTN.

Gray Television updated its fourth quarter 2022 earnings guidance on Friday, November, 18th. The company provided earnings per share 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.

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.

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).

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

Gray Television's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.10%), Vanguard Group Inc. (4.96%), Channing Capital Management LLC (3.91%), Baupost Group LLC MA (3.50%), LSV Asset Management (2.45%) and UBS Group AG (2.22%). Insiders that own company stock include D Patrick Laplatney, 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.
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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.
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One share of GTN stock can currently be purchased for approximately $11.51.

Gray Television (NYSE:GTN) has a market capitalization of $1.07 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.

The company employs 8,993 workers across the globe.

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.