Gray Television (GTN) Stock Forecast, Price & News

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.
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4 Wall Street research analysts have issued 12-month target prices for Gray Television's stock. Their GTN share price forecasts range from $7.00 to $19.00. On average, they predict the company's stock price to reach $13.00 in the next year. This suggests a possible upside of 84.9% from the stock's current price.
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Gray Television's stock was trading at $11.19 at the beginning of the year. Since then, GTN stock has decreased by 37.2% and is now trading at $7.03.
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Gray Television saw a increase in short interest in the month of 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 shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our GTN earnings forecast.

Gray Television, Inc. (NYSE:GTN) announced its quarterly earnings data on Friday, May, 5th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.30) by $0.18. The firm had revenue of $801 million for the quarter, compared to analysts' expectations 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 revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS.

Gray Television declared a quarterly dividend on Friday, May 5th. Investors 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 yield of 4.55%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for GTN.

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 Fund (EES), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Small Cap US Equity Select ETF (RNSC), First Trust Small Cap Core AlphaDEX Fund (FYX) and

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.

Gray Television updated its second quarter 2023 earnings guidance on Sunday, May, 7th. The company provided earnings per share 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.

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 many different institutional and retail investors. Top institutional shareholders 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.
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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 $7.03.

Gray Television (NYSE:GTN) has a market capitalization of $669.54 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.

The company employs 9,394 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.