Gray Television - GTN Stock Forecast, Price & News

4 Wall Street equities research 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 equities research 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 analysts 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 anticipate the company's stock price to reach $14.20 in the next twelve months. This suggests a possible upside of 65.1% from the stock's current price.
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Gray Television's stock was trading at $11.19 at the start of the year. Since then, GTN shares have decreased by 23.1% and is now trading at $8.60.
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Gray Television saw a decline in short interest in the month of February. As of February 28th, there was short interest totaling 2,600,000 shares, a decline of 6.5% from the February 13th total of 2,780,000 shares. Based on an average daily volume of 738,400 shares, the days-to-cover ratio is presently 3.5 days. Approximately 3.2% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our GTN earnings forecast.

Gray Television, Inc. (NYSE:GTN) released its earnings results on Friday, February, 24th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.73 by $0.15. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. Gray Television had a net margin of 12.38% and a trailing twelve-month return on equity of 23.67%. The company's quarterly revenue was up 48.7% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share.

Gray Television announced a quarterly dividend on Friday, February 24th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.08 per share on Friday, March 31st. This represents a $0.32 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Tuesday, March 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), 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), WisdomTree U.S. SmallCap Dividend Fund (DES).Fidelity MSCI Communication Services Index ETF (FCOM).

Gray Television (NYSE:GTN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 3.83%. 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.

Gray Television updated 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.

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 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.
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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 $8.60.

Gray Television (NYSE:GTN) has a market capitalization of $798.34 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.

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.