NYSE:GTN Gray Television - GTN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $8.45 -0.08 (-0.94%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$8.09▼$8.4850-Day Range$8.36▼$14.0652-Week Range$8.09▼$23.68Volume1.02 million shsAverage Volume853,607 shsMarket Capitalization$784.41 millionP/E Ratio1.95Dividend Yield3.79%Price Target$14.20 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Gray Television MarketRank™ ForecastAnalyst RatingHold2.25 Rating ScoreUpside/Downside68.0% Upside$14.20 Price TargetShort InterestHealthy3.19% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.74Upright™ Environmental ScoreNews Sentiment1.09Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.03) to $4.33 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.3.04 out of 5 starsConsumer Discretionary Sector13th out of 262 stocksTelevision Broadcasting Stations Industry2nd 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 $14.20, Gray Television has a forecasted upside of 68.0% from its current price of $8.45.Amount of Analyst CoverageGray Television has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted3.19% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Gray Television has recently decreased by 6.47%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipGray Television is a leading dividend payer. It pays a dividend yield of 3.76%, 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 7.37%. 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 7.39% 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 2.8 News and Social Media Coverage News SentimentGray Television has a news sentiment score of 1.09. 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 higher news sentiment than the 0.60 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Gray Television this week, compared to 2 articles on an average week.Search Interest7 people have searched for GTN on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Gray Television to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Gray Television insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.80% of the stock of Gray Television is held by insiders.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 ($0.03) to $4.33 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gray Television is 1.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.34.Price to Earnings Ratio vs. SectorThe P/E ratio of Gray Television is 1.95, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.66.Price to Book Value per Share RatioGray Television has a P/B Ratio of 0.37. 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 HeadlinesMarch 2, 2023 | finance.yahoo.comRespected News Veteran Jennifer Rigby Joins Gray’s In-House News Research and Consulting GroupFebruary 26, 2023 | seekingalpha.comGray Television, Inc. (GTN) Q4 2022 Earnings Call TranscriptMarch 26, 2023 | Investor Place Media (Ad)The "King Of Quants" sees 10X potential...Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...February 25, 2023 | finance.yahoo.comQ4 2022 Gray Television Inc Earnings CallFebruary 24, 2023 | bizjournals.comGray Television 'taking a break' on expansion at Assembly AtlantaFebruary 23, 2023 | finance.yahoo.comWarner Bros. Discovery (WBD) Surpasses Q4 Earnings EstimatesFebruary 21, 2023 | finance.yahoo.comAnalysts Estimate iHeartMedia (IHRT) to Report a Decline in Earnings: What to Look Out forFebruary 17, 2023 | finance.yahoo.comGray Television (GTN) Reports Next Week: Wall Street Expects Earnings GrowthMarch 26, 2023 | Investor Place Media (Ad)The "King Of Quants" sees 10X potential...Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...February 15, 2023 | finance.yahoo.comGray Agrees to Swap Television Stations with Marquee BroadcastingFebruary 6, 2023 | finance.yahoo.comGRAY ELEVATES TWO LEADERSJanuary 27, 2023 | finance.yahoo.comGray Sets Date for Fourth Quarter Earnings Release and Earnings Conference CallJanuary 18, 2023 | wsj.comDebra Alfarone Joins Gray's Washington News OperationJanuary 18, 2023 | finance.yahoo.comDebra Alfarone Joins Gray’s Washington News OperationJanuary 17, 2023 | finance.yahoo.comBetsy Keefe Will Succeed Al Lancaster as General Manager of WSAW in Wausau, WisconsinDecember 29, 2022 | finance.yahoo.comAt US$10.68, Is It Time To Put Gray Television, Inc. (NYSE:GTN) On Your Watch List?December 5, 2022 | bizjournals.comLong-time KWCH journalist gets promotion with parent companyNovember 28, 2022 | msn.comGray Television's Return On Capital Employed InsightsNovember 17, 2022 | finance.yahoo.comInsider Buying: The Gray Television, Inc. (NYSE:GTN) President Just Bought 2.2% More SharesNovember 9, 2022 | finance.yahoo.comGray Television Third Quarter 2022 Earnings: Misses ExpectationsNovember 8, 2022 | finance.yahoo.comDown 36.4% in 4 Weeks, Here's Why Gray Television (GTN) Looks Ripe for a TurnaroundNovember 8, 2022 | finance.yahoo.comJaime Sayre Kawaja Promoted to General Manager of WFLX in West Palm BeachNovember 4, 2022 | finance.yahoo.comGray Television Misses On Q3 Due To Unexpected Pullback In Certain Key Political Races; Shares PlungeNovember 4, 2022 | finanznachrichten.deGray Television, Inc.: Gray Reports Third Quarter Operating ResultsNovember 4, 2022 | finance.yahoo.comGray Television (GTN) Lags Q3 Earnings and Revenue EstimatesNovember 2, 2022 | finance.yahoo.comGray Promotes James Finch As It Expands News ServicesNovember 2, 2022 | finance.yahoo.comNews Research and News Consulting Moves In-House at GraySee 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 12/30 Dividend12/14/2022Dividend Payable12/30/2022Last Earnings2/24/2023Ex-Dividend for 3/31 Dividend3/14/2023Today3/25/2023Dividend Payable3/31/2023Next Earnings (Estimated)5/05/2023Fiscal 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$14.20 High Stock Price Forecast$19.00 Low Stock Price Forecast$7.00 Forecasted Upside/Downside+68.0%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$4.34 Trailing P/E Ratio1.95 Forward P/E RatioN/A P/E GrowthN/ANet Income$455 million Net Margins12.38% Pretax Margin16.70% Return on Equity23.67% Return on Assets4.08% Debt Debt-to-Equity Ratio3.04 Current Ratio2.10 Quick Ratio2.10 Sales & Book Value Annual Sales$3.68 billion Price / Sales0.21 Cash Flow$9.39 per share Price / Cash Flow0.90 Book Value$22.75 per share Price / Book0.37Miscellaneous Outstanding Shares92,830,000Free Float88,371,000Market Cap$784.41 million OptionableOptionable Beta1.61 Key ExecutivesHilton H. HowellExecutive Chairman & Chief Executive OfficerPat LaPlatneyPresident, Co-Chief Executive Officer & DirectorBob SmithChief Operating Officer & Executive VPJames C. RyanChief Financial Officer & Executive Vice PresidentDavid BurkeChief Technology Officer & Senior Vice PresidentKey CompetitorsGray TelevisionNYSE:GTN.AE.W. ScrippsNASDAQ:SSPSinclair Broadcast GroupNASDAQ:SBGIEntravision CommunicationsNYSE:EVCGrupo Televisa, S.A.B.NYSE:TVView All CompetitorsInsiders & InstitutionsVictory Capital Management Inc.Sold 9,606 shares on 3/10/2023Ownership: 1.313%Macquarie Group Ltd.Sold 358,796 shares on 2/21/2023Ownership: 0.070%Point72 Middle East FZEBought 20,142 shares on 2/16/2023Ownership: 0.022%Mackenzie Financial CorpBought 6,561 shares on 2/15/2023Ownership: 0.022%Public Employees Retirement System of OhioSold 4,571 shares on 2/15/2023Ownership: 0.003%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 brokers have issued 1 year price targets for Gray Television's stock. Their GTN share price forecasts range from $7.00 to $19.00. On average, they predict the company's share price to reach $14.20 in the next year. This suggests a possible upside of 68.0% 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 2023? Gray Television's stock was trading at $11.19 at the beginning of the year. Since then, GTN stock has decreased by 24.5% and is now trading at $8.45. View the best growth stocks for 2023 here. Are investors shorting Gray Television? Gray Television saw a drop in short interest in February. As of February 28th, there was short interest totaling 2,600,000 shares, a drop of 6.5% from the February 13th total of 2,780,000 shares. Based on an average daily trading volume, of 738,400 shares, the short-interest ratio is presently 3.5 days. Approximately 3.2% of the shares of the 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, May 5th 2023. View our GTN earnings forecast. How were Gray Television's earnings last quarter? Gray Television, Inc. (NYSE:GTN) issued its earnings results on Friday, February, 24th. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.15. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. Gray Television had a trailing twelve-month return on equity of 23.67% and a net margin of 12.38%. The business's revenue was up 48.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 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, February 24th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.08 per share on Friday, March 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Tuesday, March 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), First Trust Small Cap Value AlphaDEX Fund (FYT), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), First Trust Small Cap Core AlphaDEX Fund (FYX), WisdomTree U.S. SmallCap Fund (EES), Small Cap US Equity Select ETF (RNSC), Vanguard Communication Services ETF (VOX).Fidelity MSCI Communication Services Index ETF (FCOM). 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 3.76%. The dividend payout ratio is 7.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GTN will have a dividend payout ratio of 7.39% 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 first quarter 2023 earnings guidance on Friday, February, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $777.00 million-$796.00 million, compared to the consensus revenue estimate of $799.04 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 a variety of retail and institutional investors. Top institutional investors include Clearbridge Investments LLC (3.40%), Millennium Management LLC (2.44%), UBS Group AG (2.25%), New York State Common Retirement Fund (2.03%), Geode Capital Management LLC (1.62%) and Boston Partners (1.53%). 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 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 $8.45. How much money does Gray Television make? Gray Television (NYSE:GTN) has a market capitalization of $784.41 million and generates $3.68 billion in revenue each year. The company earns $455 million in net income (profit) each year or $4.34 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 3/26/2023 by MarketBeat.com Staff 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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