NYSE:GTN Gray Television (GTN) Stock Forecast, Price & News $7.39 +0.11 (+1.51%) (As of 05/30/2023 ET) Add Compare Share Share Today's Range$7.25▼$7.6550-Day Range$6.70▼$8.7352-Week Range$6.50▼$20.83Volume1.02 million shsAverage Volume1.01 million shsMarket Capitalization$703.82 millionP/E Ratio2.21Dividend Yield4.33%Price Target$13.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Gray Television MarketRank™ ForecastAnalyst RatingHold2.25 Rating ScoreUpside/Downside75.9% Upside$13.00 Price TargetShort InterestBearish6.22% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.74Upright™ Environmental ScoreNews Sentiment0.50Based on 4 Articles This WeekInsider TradingSelling Shares$16,102 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.35) to $4.41 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.77 out of 5 starsConsumer Discretionary Sector64th out of 278 stocksTelevision Broadcasting Stations Industry7th out of 14 stocks 3.1 Analyst's Opinion Consensus RatingGray Television has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $13.00, Gray Television has a forecasted upside of 75.9% from its current price of $7.39.Amount of Analyst CoverageGray Television has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted6.22% of the float of Gray Television has been sold short.Short Interest Ratio / Days to CoverGray Television has a short interest ratio ("days to cover") of 4.4.Change versus previous monthShort interest in Gray Television has recently increased by 36.73%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipGray Television is a leading dividend payer. It pays a dividend yield of 4.40%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGray Television does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Gray Television is 9.58%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Gray Television will have a dividend payout ratio of 7.26% next year. This indicates that Gray Television will be able to sustain or increase its dividend. Previous Next 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreGray Television has received a 32.05% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is false driven by its "Broadcasting of television news programs" and "Television advertisements" products. See details.Environmental SustainabilityThe Environmental Impact score for Gray Television is -0.74. Previous Next 2.5 News and Social Media Coverage News SentimentGray Television has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Gray Television this week, compared to 2 articles on an average week.Search Interest10 people have searched for GTN on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Gray Television insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $16,102.00 in company stock.Percentage Held by Insiders11.14% of the stock of Gray Television is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions81.33% of the stock of Gray Television is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Gray Television are expected to grow in the coming year, from ($0.35) to $4.41 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gray Television is 2.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.52.Price to Earnings Ratio vs. SectorThe P/E ratio of Gray Television is 2.21, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 13.55.Price to Book Value per Share RatioGray Television has a P/B Ratio of 0.32. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Gray Television (NYSE:GTN) StockGray Television, Inc. is a television broadcasting company, which engages in owning and operating television stations and digital assets in markets throughout the United States. It operates through the following segments: Broadcasting, and Production Companies. The Broadcasting segment operates television stations located across local markets in the United States. The firm's segment includes the production of television and event content. The company was founded in January 1897 and is headquartered in Atlanta, GA.Read More Receive GTN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Gray Television and its competitors with MarketBeat's FREE daily newsletter. Email Address GTN Stock News HeadlinesMay 24, 2023 | finance.yahoo.comMatt Moran Promoted to Senior Managing Vice President at Gray TelevisionMay 20, 2023 | americanbankingnews.comInsider Selling: Gray Television, Inc. (NYSE:GTN) Director Sells 2,075 Shares of StockMay 30, 2023 | UNKNOWN (Ad)This NASDAQ Stock Is The Amazon Of Medical SupplyThis Little Known Company IS Quickly Becoming The Amazon Of Medical Supply. Learn More NowMay 19, 2023 | americanbankingnews.comAnalysts Set Gray Television, Inc. (NYSE:GTN) Target Price at $13.00May 14, 2023 | americanbankingnews.comGray Television, Inc. (NYSE:GTN) to Post Q2 2023 Earnings of ($0.27) Per Share, Barrington Research ForecastsMay 12, 2023 | americanbankingnews.comGray Television (NYSE:GTN) PT Lowered to $12.00 at Barrington ResearchMay 12, 2023 | americanbankingnews.comGuggenheim Cuts Gray Television (NYSE:GTN) Price Target to $15.00May 10, 2023 | finance.yahoo.comPhoenix Suns’ New TV Deal Struck Down by Bankruptcy JudgeMay 30, 2023 | UNKNOWN (Ad)This NASDAQ Stock Is The Amazon Of Medical SupplyThis Little Known Company IS Quickly Becoming The Amazon Of Medical Supply. Learn More NowMay 10, 2023 | americanbankingnews.comGray Television (NYSE:GTN) Trading 6% Higher Following Dividend AnnouncementMay 9, 2023 | markets.businessinsider.comBarrington Keeps Their Buy Rating on Gray Television (GTN)May 8, 2023 | finance.yahoo.comGray Television (NYSE:GTN) Is Due To Pay A Dividend Of $0.08May 7, 2023 | americanbankingnews.comGray Television (NYSE:GTN) Releases Quarterly Earnings Results, Misses Estimates By $0.18 EPSMay 7, 2023 | msn.comGray Television (GTN) Declares $0.08 DividendMay 5, 2023 | finanznachrichten.deGray Television, Inc.: Gray's Operating Results for the First Quarter Driven by Continued Strong Demand and ExecutionMay 5, 2023 | finance.yahoo.comGray’s Operating Results for the First Quarter Driven by Continued Strong Demand and ExecutionMay 4, 2023 | americanbankingnews.comGray Television, Inc. (NYSE:GTN) Short Interest Up 5.4% in AprilMay 4, 2023 | americanbankingnews.comGray Television (GTN) Scheduled to Post Quarterly Earnings on FridayMay 1, 2023 | forbes.comPhoenix Suns And Mercury Games Will Air On Broadcast TV, Not On Bally SportsApril 29, 2023 | marketwatch.comArizona Hoops Teams Change Networks, Turn "Gray"April 25, 2023 | finance.yahoo.comDown More Than 50%: Buy These 2 Beaten-Down Stocks Before They Rebound, Say AnalystsApril 22, 2023 | americanbankingnews.comGray Television, Inc. (NYSE:GTN) Receives $14.20 Consensus Price Target from AnalystsApril 18, 2023 | finance.yahoo.comNetflix (NFLX) Beats Q1 Earnings EstimatesApril 18, 2023 | finance.yahoo.comNews Magazine Program InvestigateTV+ Debuts this FallApril 12, 2023 | americanbankingnews.comGray Television (NYSE:GTN) Trading Up 4.5%March 30, 2023 | finance.yahoo.comBlanca Esparza Pap and Micheal Smith Become Gray’s Newest Corporate OfficersMarch 28, 2023 | americanbankingnews.comGray Television, Inc. (NYSE:GTN) Receives $14.20 Average Price Target from AnalystsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive GTN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Gray Television and its competitors with MarketBeat's FREE daily newsletter. Email Address GTN Company Calendar Ex-Dividend for 3/31 Dividend3/14/2023Dividend Payable3/31/2023Last Earnings5/05/2023Today5/30/2023Ex-Dividend for 6/30 Dividend6/14/2023Dividend Payable6/30/2023Next Earnings (Estimated)8/04/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Television broadcasting stations Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNYSE:GTN CUSIPN/A CIK43196 Webwww.gray.tv Phone(404) 266-8333Fax404-261-9607Employees9,394Year FoundedN/APrice Target and Rating Average Stock Price Forecast$13.00 High Stock Price Forecast$19.00 Low Stock Price Forecast$7.00 Forecasted Upside/Downside+75.9%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$3.34 Trailing P/E Ratio2.21 Forward P/E RatioN/A P/E GrowthN/ANet Income$455 million Net Margins9.92% Pretax Margin13.40% Return on Equity18.22% Return on Assets3.27% Debt Debt-to-Equity Ratio2.98 Current Ratio1.27 Quick Ratio1.27 Sales & Book Value Annual Sales$3.68 billion Price / Sales0.19 Cash Flow$9.60 per share Price / Cash Flow0.77 Book Value$22.75 per share Price / Book0.32Miscellaneous Outstanding Shares95,240,000Free Float84,632,000Market Cap$703.82 million OptionableOptionable Beta1.55 Key ExecutivesHilton H. HowellExecutive Chairman & Chief Executive OfficerPat LaPlatneyPresident, Co-Chief Executive Officer & DirectorJames C. RyanChief Financial Officer & Executive Vice PresidentDavid BurkeChief Technology Officer & Senior Vice PresidentBrian MorrisChief Information Security Officer & VPKey CompetitorsGray TelevisionNYSE:GTN.AE.W. ScrippsNASDAQ:SSPSinclair Broadcast GroupNASDAQ:SBGIEntravision CommunicationsNYSE:EVCGrupo Televisa, S.A.B.NYSE:TVView All CompetitorsInsiders & InstitutionsAmeriprise Financial Inc.Bought 5,475 shares on 5/22/2023Ownership: 0.018%JPMorgan Chase & Co.Bought 191,800 shares on 5/18/2023Ownership: 1.310%State Street CorpBought 25,589 shares on 5/16/2023Ownership: 1.950%Susquehanna International Group LLPBought 33,648 shares on 5/16/2023Ownership: 0.303%Stock Yards Bank & Trust Co.Bought 10,000 shares on 5/16/2023Ownership: 0.021%View All Insider TransactionsView All Institutional Transactions GTN Stock - Frequently Asked Questions Should I buy or sell Gray Television stock right now? 4 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 2 buy ratings 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. View GTN analyst ratings or view top-rated stocks. What is Gray Television's stock price forecast for 2023? 4 Wall Street research analysts have issued 12-month price objectives for Gray Television's shares. Their GTN share price forecasts range from $7.00 to $19.00. On average, they anticipate the company's stock price to reach $13.00 in the next year. This suggests a possible upside of 75.9% 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 on January 1st, 2023. Since then, GTN shares have decreased by 34.0% and is now trading at $7.39. View the best growth stocks for 2023 here. Are investors shorting Gray Television? Gray Television saw a increase in short interest in May. As of May 15th, there was short interest totaling 5,100,000 shares, an increase of 36.7% from the April 30th total of 3,730,000 shares. Based on an average daily volume of 1,150,000 shares, the short-interest ratio is currently 4.4 days. Approximately 6.2% of the company's stock are short sold. 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, August 4th 2023. View our GTN earnings forecast. How were Gray Television's earnings last quarter? Gray Television, Inc. (NYSE:GTN) issued its quarterly earnings data on Friday, May, 5th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.30) by $0.18. The company had revenue of $801 million for the quarter, compared to analyst estimates of $788.22 million. Gray Television had a net margin of 9.92% and a trailing twelve-month return on equity of 18.22%. Gray Television's quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. How often does Gray Television pay dividends? What is the dividend yield for Gray Television? Gray Television announced a quarterly dividend on Friday, May 5th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.08 per share on Friday, June 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Wednesday, June 14th. Read our dividend analysis for GTN. What ETFs hold Gray Television's stock? ETFs with the largest weight of Gray Television (NYSE:GTN) stock in their portfolio include Invesco Dynamic Media ETF (PBS), Roundhill Acquirers Deep Value ETF (DEEP), First Trust Small Cap Value AlphaDEX Fund (FYT), WisdomTree U.S. SmallCap Earnings Fund (EES), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), First Trust Small Cap US Equity Select ETF (RNSC), First Trust Small Cap Core AlphaDEX Fund (FYX) and 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 4.40%. GTN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 9.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GTN will have a dividend payout ratio of 7.26% 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 issued an update on its second quarter 2023 earnings guidance on Sunday, May, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $784.00 million-$802.00 million, compared to the consensus revenue estimate of $803.82 million. 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 BlackRock Inc. (6.21%), Channing Capital Management LLC (5.07%), Baupost Group LLC MA (4.05%), UBS Group AG (3.30%), Clearbridge Investments LLC (2.31%) and New York State Common Retirement Fund (2.12%). 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, Robin Robinson Howell and T L Elder. 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 $7.39. How much money does Gray Television make? Gray Television (NYSE:GTN) has a market capitalization of $703.82 million and generates $3.68 billion in revenue each year. The company earns $455 million in net income (profit) each year or $3.34 on an earnings per share basis. How many employees does Gray Television have? The company employs 9,394 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 5/30/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Gray Television, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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