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

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$18.06 +0.20 (+1.12 %)
(As of 02/21/2019 03:45 PM ET)
Previous Close$17.86
Today's Range$17.88 - $18.09
52-Week Range$10.70 - $20.24
Volume28,339 shs
Average Volume497,037 shs
Market Capitalization$1.60 billion
P/E Ratio15.44
Dividend YieldN/A
Beta1.91
Gray Television, Inc., a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 23, 2018, the company owned and operated television stations in 57 television markets broadcasting approximately 200 program streams, including approximately 100 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network. It 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. 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$882.73 million
Cash Flow$2.1603 per share
Book Value$11.05 per share

Profitability

Net Income$261.95 million

Miscellaneous

Employees3,938
Market Cap$1.60 billion
Next Earnings Date2/28/2019 (Confirmed)
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 Tuesday, August, 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.41 by $0.05. The firm had revenue of $250.34 million for the quarter, compared to the consensus estimate of $252.11 million. Gray Television had a net margin of 29.12% and a return on equity of 14.95%. 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 Thursday, February 28th 2019. View Earnings Estimates for Gray Television.

What price target have analysts set for GTN?

8 brokers have issued 1 year price objectives for Gray Television's shares. Their forecasts range from $19.00 to $29.00. On average, they expect Gray Television's stock price to reach $23.00 in the next year. This suggests a possible upside of 27.5% 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. " (2/5/2019)
  • 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?

News stories about GTN stock have trended positive recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Gray Television earned a daily sentiment score of 2.3 on InfoTrie's scale. They also gave media stories about the company a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near future.

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), Energy Transfer LP Unit (ET), Horizon Pharma (HZNP), Activision Blizzard (ATVI), TherapeuticsMD (TXMD), Cypress Semiconductor (CY), CVS Health (CVS), Centurylink (CTL), Ford Motor (F) 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 & Devel. Officer (Age 48)
  • Mr. Patrick D. LaPlatney, Pres, Co-CEO & Director (Age 59)
  • Mr. Robert Lawrence Smith, Exec. VP & COO (Age 55)

Who are Gray Television's major shareholders?

Gray Television's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.88%), Bank of New York Mellon Corp (2.83%), New Mountain Vantage Advisers L.L.C. (1.56%), Victory Capital Management Inc. (1.50%), Millennium Management LLC (1.43%) and Northern Trust Corp (1.12%). Company insiders that own Gray Television stock include Harriett J Robinson, Kevin Paul Latek and Richard Lee Boger. View Institutional Ownership Trends for Gray Television.

Which major investors are selling Gray Television stock?

GTN stock was sold by a variety of institutional investors in the last quarter, including New Mountain Vantage Advisers L.L.C., Victory Capital Management Inc., Sound Point Capital Management LP, Bank of New York Mellon Corp, United Services Automobile Association, Penn Capital Management Co. Inc., Dalton Greiner Hartman Maher & Co. and New York State Common Retirement Fund. View Insider Buying and Selling for Gray Television.

Which major investors are buying Gray Television stock?

GTN stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Millennium Management LLC, Two Sigma Investments LP, Gotham Asset Management LLC, 361 Capital LLC, Acadian Asset Management LLC, ClariVest Asset Management LLC and Bowling Portfolio Management 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 $18.04.

How big of a company is Gray Television?

Gray Television has a market capitalization of $1.60 billion and generates $882.73 million in revenue each year. The company earns $261.95 million in net income (profit) each year or $1.17 on an earnings per share basis. Gray Television employs 3,938 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:  277 (Vote Outperform)
Underperform Votes:  206 (Vote Underperform)
Total Votes:  483
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 2/21/2019 by MarketBeat.com Staff

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