Gray Television Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gray Television in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Gray Television stock.
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2 Wall Street research analysts have issued 1 year price objectives for Gray Television's shares. Their GTN stock forecasts range from $28.00 to $33.00. On average, they predict Gray Television's stock price to reach $29.67 in the next twelve months. This suggests a possible upside of 68.8% from the stock's current price.
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Gray Television's stock was trading at $20.16 at the beginning of 2022. Since then, GTN shares have decreased by 12.8% and is now trading at $17.58.
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Gray Television saw a increase in short interest in June. As of June 15th, there was short interest totaling 8,100,000 shares, an increase of 25.4% from the May 31st total of 6,460,000 shares. Based on an average daily trading volume, of 909,200 shares, the short-interest ratio is currently 8.9 days. Approximately 10.5% of the company's stock are sold short.
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Gray Television is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Gray Television.

Gray Television, Inc. (NYSE:GTN) announced its earnings results on Friday, May, 6th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.27. The business earned $827 million during the quarter, compared to the consensus estimate of $805.23 million. Gray Television had a trailing twelve-month return on equity of 6.38% and a net margin of 4.19%. The company's quarterly revenue was up 52.0% on a year-over-year basis. During the same quarter last year, the company posted $0.27 EPS.
View Gray Television's earnings history.

Gray Television declared a quarterly dividend on Friday, May 6th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.08 per share on Thursday, June 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Tuesday, June 14th.
View Gray Television's dividend history.

Gray Television(NYSE:GTN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.89%. Gray Television does not yet have a strong track record of dividend growth. The dividend payout ratio of Gray Television is 50.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Gray Television will have a dividend payout ratio of 9.22% next year. This indicates that Gray Television will be able to sustain or increase its dividend.
View Gray Television's dividend history.

Gray Television updated its second quarter 2022 earnings guidance on Monday, June, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $846.00 million-$864.00 million, compared to the consensus revenue estimate of $824.22 million.

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.

Some companies that are related to Gray Television include TEGNA (TGNA), Grupo Televisa, S.A.B. (TV), ProSiebenSat.1 Media (PBSFY), Sinclair Broadcast Group (SBGI), Gray Television (GTN.A), E.W. Scripps (SSP), Entravision Communications (EVC), The Liberty Braves Group (BATRA), Phoenix New Media (FENG), CTN Media Group (UCTN), Television Broadcasts (TVBCY), Télévision Française 1 Société anonyme (TVFCF) and Pegasus Companies (PEGX).
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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."

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.
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One share of GTN stock can currently be purchased for approximately $17.58.

Gray Television (NYSE:GTN) has a market capitalization of $1.68 billion and generates $2.41 billion in revenue each year. The company earns $90 million in net income (profit) each year or $0.639990 on an earnings per share basis.

Gray Television employs 8,993 workers across the globe.

Gray Television's mailing address is 4370 PEACHTREE ROAD NE, ATLANTA GA, 30319. The official website for Gray Television is www.gray.tv. The company can be reached via phone at (404) 266-8333 or via fax at 404-261-9607.