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

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$18.39 -0.45 (-2.39 %)
(As of 11/16/2018 04:00 PM ET)
Previous Close$18.39
Today's Range$18.3850 - $18.91
52-Week Range$10.70 - $20.24
Volume725,817 shs
Average Volume1.18 million shs
Market Capitalization$1.68 billion
P/E Ratio15.72
Dividend YieldN/A
Beta2.23
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

Stock Exchange NYSE
Industry Television broadcasting stations
Sub-IndustryN/A
SectorConsumer Discretionary
Current SymbolNYSE:GTN
Previous Symbol
CUSIPN/A
Phone404-504-9828

Debt

Debt-to-Equity Ratio1.64
Current Ratio6.32
Quick Ratio6.32

Price-To-Earnings

Trailing P/E Ratio15.72
Forward P/E Ratio8.44
P/E Growth0.87

Sales & Book Value

Annual Sales$882.73 million
Price / Sales1.85
Cash Flow$2.0479 per share
Price / Cash8.98
Book Value$12.35 per share
Price / Book1.49

Profitability

EPS (Most Recent Fiscal Year)$1.17
Net Income$261.95 million
Net Margins29.12%
Return on Equity14.95%
Return on Assets4.68%

Miscellaneous

Employees3,938
Outstanding Shares88,750,000
Market Cap$1.68 billion
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) announced its earnings results on Tuesday, November, 6th. The company reported $0.70 EPS for the quarter, topping the Zacks' consensus estimate of $0.61 by $0.09. The business earned $279 million during the quarter, compared to the consensus estimate of $276.52 million. Gray Television had a net margin of 29.12% and a return on equity of 14.95%. The firm's revenue was up 27.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. 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 Tuesday, February 26th 2019. View Earnings Estimates for Gray Television.

What guidance has Gray Television issued on next quarter's earnings?

Gray Television updated its fourth quarter 2018 earnings guidance on Tuesday, November, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $319-325 million, compared to the consensus revenue estimate of $306.14 million.

What price target have analysts set for GTN?

8 equities research analysts have issued twelve-month price objectives for Gray Television's stock. Their forecasts range from $18.00 to $29.00. On average, they anticipate Gray Television's share price to reach $22.2857 in the next twelve months. This suggests a possible upside of 21.2% 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. " (11/9/2018)
  • 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)
  • 3. Benchmark Co. analysts commented, "We suspect management’s conservative nature could allow 1Q18 results to still fall within the prior guidance range despite some incremental softness in Auto, differentiating them from the broader peer group, although we are reducing our 2Q core outlook from slightly up to down 1%. We are raising our 2018E EBITDA, however, by $5 million to $388 million, still below what we think is an achievable number north of $400 million depending on political. Unfortunately, the bigger issue for Gray is 2019, with consensus at $322 million, including our overly ambitious $330 million forecast. We acknowledge we failed to consider the NBC full-year renewal impact, as well as the CBS step-up in 2H19, bringing our EBITDA forecast down to $298 million for the year. Even on our new numbers, however, shares still only trade at 6.5x blended 2018/2019E EV/EBITDA, with the Firm unfairly impacted by concerns over the pending UHF discount ruling." (5/3/2018)

Has Gray Television been receiving favorable news coverage?

Media coverage about GTN stock has trended somewhat positive this week, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Gray Television earned a coverage optimism score of 1.4 on InfoTrie's scale. They also gave news stories about the company a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an effect on the company's share price in the next several days.

Who are some of Gray Television's key competitors?

Who are Gray Television's key executives?

Gray Television's management team includes the folowing people:
  • Mr. Hilton Hatchett Howell Jr., Chairman, Pres & CEO (Age 56)
  • Mr. James C. Ryan, Exec. VP & CFO (Age 57)
  • Mr. Kevin P. Latek, Exec. VP, Chief Legal & Devel. Officer and Sec. (Age 47)
  • Mr. Robert Smith, Exec. VP & COO (Age 55)
  • Mr. Jackson S. Cowart IV, Chief Accounting Officer & VP

Who are Gray Television's major shareholders?

Gray Television's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.03%), Neuberger Berman Group LLC (5.56%), FMR LLC (2.80%), Victory Capital Management Inc. (2.55%), Sound Point Capital Management LP (1.56%) and Loomis Sayles & Co. L P (1.33%). Company insiders that own Gray Television stock include Harriett J Robinson, Kevin Paul Latek, Richard Lee Boger and T L Elder. View Institutional Ownership Trends for Gray Television.

Which institutional investors are selling Gray Television stock?

GTN stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Victory Capital Management Inc., BlackRock Inc., United Services Automobile Association, Meghalaya Partners L.P., Credit Suisse AG, Alliancebernstein L.P. and AQR Capital Management LLC. View Insider Buying and Selling for Gray Television.

Which institutional investors are buying Gray Television stock?

GTN stock was acquired by a variety of institutional investors in the last quarter, including New Amsterdam Partners LLC NY, Sound Point Capital Management LP, Point72 Asset Management L.P., AXA, Loomis Sayles & Co. L P, Chicago Equity Partners LLC, James Investment Research Inc. and JPMorgan Chase & Co.. 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 $18.39.

How big of a company is Gray Television?

Gray Television has a market capitalization of $1.68 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:  259 (Vote Outperform)
Underperform Votes:  189 (Vote Underperform)
Total Votes:  448
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 11/17/2018 by MarketBeat.com Staff

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