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NYSE:GTN

Gray Television Stock Forecast, Price & News

$21.22
-0.56 (-2.57 %)
(As of 05/12/2021 12:00 AM ET)
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Today's Range
$21.22
$22.11
50-Day Range
$17.83
$22.17
52-Week Range
$11.29
$23.25
Volume748,928 shs
Average Volume674,645 shs
Market Capitalization$2.03 billion
P/E Ratio9.11
Dividend Yield1.47%
Beta2.06
30 days | 90 days | 365 days | Advanced Chart
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Gray Television logo

About Gray Television

Gray Television, Inc., a television broadcast company, owns and/or operates television stations and digital assets in the United States. The company 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, Justice, Circle, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets. In addition, it is also involved in the video program production, marketing, and digital businesses, including Raycom Sports, Tupelo-Raycom, and RTM Studios; and production of Power Nation programs and content. It owns and operates television stations and digital properties in 94 television 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

Industry Television broadcasting stations
Sub-IndustryN/A
CUSIPN/A
Phone404-504-9828
Employees7,017
Year FoundedN/A

Sales & Book Value

Annual Sales$2.12 billion
Cash Flow$4.87 per share
Book Value$14.71 per share

Profitability

Net Income$179 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$2.03 billion
Next Earnings Date8/5/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.98 out of 5 stars

Consumer Discretionary Sector

33rd out of 572 stocks

Television Broadcasting Stations Industry

4th out of 28 stocks

Analyst Opinion: 2.5Community Rank: 2.8Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Gray Television (NYSE:GTN) Frequently Asked Questions

Is Gray Television a buy right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gray Television in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Gray Television stock.
View analyst ratings for Gray Television
or view top-rated stocks.

What stocks does MarketBeat like better than Gray Television?

Wall Street analysts have given Gray Television a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Gray Television wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Gray Television's next earnings date?

Gray Television is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Gray Television
.

How were Gray Television's earnings last quarter?

Gray Television, Inc. (NYSE:GTN) posted its quarterly earnings results on Sunday, May, 2nd. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.18 by $0.09. The business had revenue of $544 million for the quarter, compared to analysts' expectations of $532.96 million. Gray Television had a net margin of 12.91% and a trailing twelve-month return on equity of 18.71%. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 earnings per share.
View Gray Television's earnings history
.

How has Gray Television's stock price been impacted by COVID-19?

Gray Television's stock was trading at $11.74 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, GTN shares have increased by 80.7% and is now trading at $21.22.
View which stocks have been most impacted by COVID-19
.

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

Gray Television declared a quarterly dividend on Friday, February 26th. Stockholders of record on Monday, March 15th will be given a dividend of $0.08 per share on Wednesday, March 31st. This represents a $0.32 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Friday, March 12th.
View Gray Television's dividend history
.

Is Gray Television a good dividend stock?

Gray Television pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.47%. Gray Television does not yet have a strock track record of dividend growth. The dividend payout ratio of Gray Television is 25.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Gray Television will have a dividend payout ratio of 21.92% next year. This indicates that Gray Television will be able to sustain or increase its dividend.
View Gray Television's dividend history.

What price target have analysts set for GTN?

3 brokers have issued 12-month price targets for Gray Television's stock. Their forecasts range from $25.00 to $25.00. On average, they expect Gray Television's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 17.8% from the stock's current price.
View analysts' price targets for Gray Television
or view top-rated stocks among Wall Street analysts.

Who are Gray Television's key executives?

Gray Television's management team includes the following people:
  • Mr. Hilton Hatchett Howell Jr., Exec. Chairman & CEO (Age 59, Pay $3.12M)
  • Mr. Donald Patrick LaPlatney, Pres, Co-CEO & Director (Age 61, Pay $2.36M)
  • Mr. James C. Ryan, Exec. VP & CFO (Age 60, Pay $1.62M)
  • Mr. Robert Lawrence Smith, Exec. VP & COO of Local Media (Age 58, Pay $1.54M)
  • Mr. Kevin P. Latek, Exec. VP, Chief Legal & Devel. Officer and Sec. (Age 50, Pay $1.67M)
  • 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

What is Hilton H. Howell, Jr.'s approval rating as Gray Television's CEO?

63 employees have rated Gray Television CEO Hilton H. Howell, Jr. on Glassdoor.com. Hilton H. Howell, Jr. has an approval rating of 57% among Gray Television's employees. This puts Hilton H. Howell, Jr. in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Gray Television's key competitors?

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 number of retail and institutional investors. Top institutional investors include Retirement Systems of Alabama (4.32%), LSV Asset Management (3.93%), UBS Group AG (3.93%), Geode Capital Management LLC (1.46%), Prudential Financial Inc. (1.35%) and New York State Common Retirement Fund (1.21%). Company insiders that own Gray Television stock include Harriett J Robinson, Hilton H Howell Jr, Kevin Paul Latek and Robin Robinson Howell.
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 Retirement Systems of Alabama, American Financial Group Inc., Northern Trust Corp, Prudential Financial Inc., GW&K Investment Management LLC, UBS Group AG, Victory Capital Management Inc., and Contrarius Investment Management Ltd.
View insider buying and selling activity for Gray Television
or view top insider-selling stocks.

Which institutional investors are buying Gray Television stock?

GTN stock was bought by a variety of institutional investors in the last quarter, including LSV Asset Management, JPMorgan Chase & Co., Peregrine Capital Management LLC, State of New Jersey Common Pension Fund D, Geode Capital Management LLC, M&G Investment Management Ltd., Teacher Retirement System of Texas, and Panagora Asset Management Inc.. Company insiders that have bought Gray Television stock in the last two years include Harriett J Robinson, Hilton H Howell Jr, and Robin Robinson Howell.
View insider buying and selling activity for Gray Television
or or view top insider-buying stocks.

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 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 $21.22.

How much money does Gray Television make?

Gray Television has a market capitalization of $2.03 billion and generates $2.12 billion in revenue each year. The company earns $179 million in net income (profit) each year or $1.27 on an earnings per share basis.

How many employees does Gray Television have?

Gray Television employs 7,017 workers across the globe.

What is Gray Television's official website?

The official website for Gray Television is www.gray.tv.

Where are Gray Television's headquarters?

Gray Television is headquartered at 4370 PEACHTREE ROAD NE, ATLANTA GA, 30319.

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.


This page was last updated on 5/13/2021 by MarketBeat.com Staff
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