Gray Television - GTN 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" GTN shares.
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2 brokerages have issued 12 month price targets for Gray Television's stock. Their GTN share price forecasts range from $28.00 to $33.00. On average, they anticipate the company's share price to reach $29.67 in the next twelve months. This suggests a possible upside of 84.0% 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 stock has decreased by 20.0% and is now trading at $16.12.
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Gray Television saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 4,210,000 shares, a decrease of 9.5% from the August 15th total of 4,650,000 shares. Based on an average daily trading volume, of 772,000 shares, the short-interest ratio is presently 5.5 days. Approximately 5.7% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our GTN earnings forecast.

Gray Television, Inc. (NYSE:GTN) released its quarterly earnings results on Friday, August, 5th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The business had revenue of $868 million for the quarter, compared to the consensus estimate of $854.97 million. Gray Television had a trailing twelve-month return on equity of 9.66% and a net margin of 5.73%. The firm's revenue was up 58.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share.

Gray Television declared a quarterly dividend on Friday, August 5th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.08 per share on Friday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Wednesday, September 14th.
Read our dividend analysis for GTN.

Gray Television (NYSE:GTN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.91%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GTN will have a dividend payout ratio of 18.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GTN.

Gray Television issued an update on its third quarter 2022 earnings guidance on Friday, September, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $940.00 million-$959.00 million, compared to the consensus revenue estimate of $961.26 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 Darsana Capital Partners LP (4.35%), Clearbridge Investments LLC (3.56%), Millennium Management LLC (3.37%), UBS Group AG (2.51%), Baupost Group LLC MA (2.37%) and State Street Corp (2.00%). 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.
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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 $16.12.

Gray Television (NYSE:GTN) has a market capitalization of $1.50 billion and generates $2.41 billion in revenue each year. The company earns $90 million in net income (profit) each year or $1.28 on an earnings per share basis.

The company employs 8,993 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.