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MarketBeat: Week in Review 9/19 – 9/23
'Crucial' vote could move Italy to right; many might boycott
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
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Top 5 Cheap Stocks to Own Right Now (Ad)pixel
Judge rejects Justice Dept.'s bid to stop sugar merger
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
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Dow sinks to 2022 low as recession fears roil world markets
Buy Alert For $2 Coin (Ad)pixel
MarketBeat: Week in Review 9/19 – 9/23
'Crucial' vote could move Italy to right; many might boycott
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Top 5 Cheap Stocks to Own Right Now (Ad)pixel
Judge rejects Justice Dept.'s bid to stop sugar merger
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
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Closing prices for crude oil, gold and other commodities
Dow sinks to 2022 low as recession fears roil world markets
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MarketBeat: Week in Review 9/19 – 9/23
'Crucial' vote could move Italy to right; many might boycott
NYSE:GTN

Gray Television - GTN Stock Forecast, Price & News

$16.12
-0.66 (-3.93%)
(As of 09/23/2022 12:00 AM ET)
Add
Compare
Today's Range
$15.67
$16.58
50-Day Range
$16.12
$20.78
52-Week Range
$15.66
$25.24
Volume
789,846 shs
Average Volume
491,655 shs
Market Capitalization
$1.50 billion
P/E Ratio
12.59
Dividend Yield
1.91%
Price Target
$29.67

Gray Television MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
84.0% Upside
$29.67 Price Target
Short Interest
Healthy
5.67% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
1.07mentions of Gray Television in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$4,591 Bought Last Quarter
Proj. Earnings Growth
-61.57%
From $4.45 to $1.71 Per Share

Overall MarketRank

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

3.03 out of 5 stars

Consumer Discretionary Sector

20th out of 274 stocks

Television Broadcasting Stations Industry

2nd 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

Hilton Howell believes in the power of local news
Gray Television Adopts Minimum Wage of $18 Per Hour
Gray Television Inc
Gray Television (GTN) Q2 2022 Earnings Call Transcript
Gray Television Inc - Stock Financials GTN
Gray Television, Inc.
See More Headlines
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GTN Company Calendar

Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Last Earnings
8/05/2022
Ex-Dividend for 9/30 Dividend
9/14/2022
Today
9/24/2022
Dividend Payable
9/30/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

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
$29.67
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+84.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$90 million
Pretax Margin
9.28%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$3.78 per share
Book Value
$18.50 per share

Miscellaneous

Free Float
88,625,000
Market Cap
$1.50 billion
Optionable
Optionable
Beta
1.66

Key Executives

  • Mr. Hilton Hatchett Howell Jr. (Age 60)
    Exec. Chairman & CEO
    Comp: $3.2M
  • Mr. Donald Patrick LaPlatney (Age 62)
    Pres, Co-CEO & Director
    Comp: $4.66M
  • Mr. James C. Ryan (Age 61)
    Exec. VP & CFO
    Comp: $3.67M
  • Mr. Robert Lawrence Smith (Age 59)
    Exec. VP & COO
    Comp: $3.33M
  • Mr. Kevin P. Latek (Age 51)
    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. Karen Youger
    Sr. VP of Sales Operations
  • Ms. Meg Little
    Group Director of Marketing & Client Services













GTN Stock - Frequently Asked Questions

Should I buy or sell Gray Television stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gray Television in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GTN shares.
View GTN analyst ratings
or view top-rated stocks.

What is Gray Television's stock price forecast for 2022?

2 brokerages have issued 12 month price targets for Gray Television's stock. Their GTN share price forecasts range from $28.00 to $33.00. On average, they anticipate the company's share price to reach $29.67 in the next twelve months. This suggests a possible upside of 84.0% 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 2022?

Gray Television's stock was trading at $20.16 at the beginning of 2022. Since then, GTN stock has decreased by 20.0% and is now trading at $16.12.
View the best growth stocks for 2022 here
.

Are investors shorting Gray Television?

Gray Television saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 4,210,000 shares, a decrease of 9.5% from the August 15th total of 4,650,000 shares. Based on an average daily trading volume, of 772,000 shares, the short-interest ratio is presently 5.5 days. Approximately 5.7% 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 Thursday, November 3rd 2022.
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, August, 5th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The business had revenue of $868 million for the quarter, compared to the consensus estimate of $854.97 million. Gray Television had a trailing twelve-month return on equity of 9.66% and a net margin of 5.73%. The firm's revenue was up 58.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share.

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

Gray Television declared a quarterly dividend on Friday, August 5th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.08 per share on Friday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Wednesday, September 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 1.91%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GTN will have a dividend payout ratio of 18.71% 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 third quarter 2022 earnings guidance on Friday, September, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $940.00 million-$959.00 million, compared to the consensus revenue estimate of $961.26 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 institutional and retail investors. Top institutional shareholders include Darsana Capital Partners LP (4.35%), Clearbridge Investments LLC (3.56%), Millennium Management LLC (3.37%), UBS Group AG (2.51%), Baupost Group LLC MA (2.37%) and State Street Corp (2.00%). 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.
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 $16.12.

How much money does Gray Television make?

Gray Television (NYSE:GTN) has a market capitalization of $1.50 billion and generates $2.41 billion in revenue each year. The company earns $90 million in net income (profit) each year or $1.28 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 9/24/2022 by MarketBeat.com Staff

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