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NYSE:GTN

Gray Television - GTN Stock Forecast, Price & News

$10.98
+0.29 (+2.71%)
(As of 11/29/2022 10:02 AM ET)
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Compare
Today's Range
$10.78
$11.00
50-Day Range
$8.97
$18.57
52-Week Range
$8.61
$24.81
Volume
443 shs
Average Volume
1.24 million shs
Market Capitalization
$1.02 billion
P/E Ratio
4.17
Dividend Yield
2.94%
Price Target
$17.20

Gray Television MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
60.9% Upside
$17.20 Price Target
Short Interest
Bearish
4.75% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$172,620 Bought Last Quarter
Proj. Earnings Growth
-73.77%
From $4.88 to $1.28 Per Share

Overall MarketRank

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

2.68 out of 5 stars

Consumer Discretionary Sector

49th out of 273 stocks

Television Broadcasting Stations Industry

3rd out of 13 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

The Biggest "Missing Ingredient" in the $7 Trillion EV Market
China has owned the graphite market for decades. But the U.S. just added graphite to a list of super-critical minerals... "essential for America's National Defense." Perfect timing for a "made in America" graphite company looking to mine, manufacture, and recycle graphite for the booming electric car market.
The Critical Minerals Race: U.S. v China
The U.S. is dangerously lacking in critical minerals such as cobalt, lithium, and rare earths needed to maintain our national security. China is aggressively locking up mines and production. But the U.S. is about to strike back with a forceful plan of action to increase domestic production.
Gray Promotes James Finch As It Expands News Services
News Research and News Consulting Moves In-House at Gray
Netflix (NFLX) Q3 Earnings and Revenues Beat Estimates
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
See More Headlines
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GTN Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 9/30 Dividend
9/14/2022
Dividend Payable
9/30/2022
Today
11/29/2022
Ex-Dividend for 12/30 Dividend
12/14/2022
Dividend Payable
12/30/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/24/2023

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
$17.20
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+56.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$90 million
Pretax Margin
12.39%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$3.96 per share
Book Value
$18.50 per share

Miscellaneous

Free Float
88,625,000
Market Cap
$1.02 billion
Optionable
Optionable
Beta
1.65

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?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gray Television in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating 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?

3 brokerages have issued 1 year price targets for Gray Television's shares. Their GTN share price forecasts range from $7.00 to $33.00. On average, they anticipate the company's share price to reach $17.20 in the next twelve months. This suggests a possible upside of 60.9% 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 2022?

Gray Television's stock was trading at $20.16 at the start of the year. Since then, GTN shares have decreased by 47.0% and is now trading at $10.69.
View the best growth stocks for 2022 here
.

When is Gray Television's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our GTN earnings forecast
.

How were Gray Television's earnings last quarter?

Gray Television, Inc. (NYSE:GTN) issued its quarterly earnings results on Thursday, November, 4th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.70. The firm had revenue of $601 million for the quarter, compared to analyst estimates of $597 million. Gray Television had a trailing twelve-month return on equity of 16.26% and a net margin of 8.96%. Gray Television's revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 EPS.

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

Gray Television declared a quarterly dividend on Friday, November 4th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.08 per share on Friday, December 30th. This represents a $0.32 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Wednesday, December 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 2.94%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GTN will have a dividend payout ratio of 25.00% 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 updated its fourth quarter 2022 earnings guidance on Friday, November, 18th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.02 billion-$1.05 billion, compared to the consensus revenue estimate of $1.15 billion.

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 shareholders include BlackRock Inc. (6.10%), Vanguard Group Inc. (4.96%), Channing Capital Management LLC (3.91%), Baupost Group LLC MA (3.50%), LSV Asset Management (2.45%) and UBS Group AG (2.22%). 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 $10.69.

How much money does Gray Television make?

Gray Television (NYSE:GTN) has a market capitalization of $995.17 million and generates $2.41 billion in revenue each year. The company earns $90 million in net income (profit) each year or $2.63 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 11/29/2022 by MarketBeat.com Staff