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NYSE:GTN

Gray Television Stock Forecast, Price & News

$18.12
-0.17 (-0.93 %)
(As of 12/3/2020 12:00 AM ET)
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Today's Range
$18.07
Now: $18.12
$18.56
50-Day Range
$12.20
MA: $15.26
$18.37
52-Week Range
$8.53
Now: $18.12
$23.07
Volume497,807 shs
Average Volume928,559 shs
Market Capitalization$1.74 billion
P/E Ratio7.78
Dividend YieldN/A
Beta1.89
Gray Television, Inc., a television broadcast company, owns and 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 PowerNation programs and content. As of February 21, 2020, it owned and operated television stations in 93 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.
Gray Television logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.89 out of 5 stars


Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryN/A
CUSIPN/A
Phone404-504-9828
Employees8,018

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.12 billion
Cash Flow$3.89 per share
Book Value$16.24 per share

Profitability

Net Income$179 million

Miscellaneous

Market Cap$1.74 billion
Next Earnings Date2/25/2021 (Estimated)
OptionableOptionable
$18.12
-0.17 (-0.93 %)
(As of 12/3/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Gray Television (NYSE:GTN) Frequently Asked Questions

How has Gray Television's stock been impacted by Coronavirus?

Gray Television's stock was trading at $11.74 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GTN stock has increased by 54.3% and is now trading at $18.12.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Gray Television?

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, resulting in a consensus recommendation of "Buy."
View analyst ratings for Gray Television
or view MarketBeat's top 5 stock picks.

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 winning trading ideas this year 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, February 25th 2021.
View our earnings forecast for Gray Television
.

How were Gray Television's earnings last quarter?

Gray Television, Inc. (NYSE:GTN) issued its quarterly earnings results on Thursday, November, 5th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.89 by $0.25. The firm had revenue of $604 million for the quarter, compared to analysts' expectations of $581.88 million. Gray Television had a net margin of 12.91% and a return on equity of 18.71%. Gray Television's revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.50 EPS.
View Gray Television's earnings history
.

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

Gray Television updated its third quarter 2020 Pre-Market earnings guidance on Thursday, October, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $590-600 million, compared to the consensus revenue estimate of $546.43 million.

What price target have analysts set for GTN?

3 brokerages have issued 1-year target prices for Gray Television's stock. Their forecasts range from $20.00 to $22.00. On average, they anticipate Gray Television's share price to reach $21.00 in the next year. This suggests a possible upside of 15.9% from the stock's current price.
View analysts' price targets for Gray Television
.

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).

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 58, Pay $3.64M)
  • Mr. Donald Patrick LaPlatney, Pres, Co-CEO & Director (Age 60, Pay $2.24M)
  • Mr. James C. Ryan, Exec. VP & CFO (Age 59, Pay $2.41M)
  • Mr. Robert Lawrence Smith, Exec. VP & COO of Local Media (Age 57, Pay $1.91M)
  • Mr. Kevin P. Latek, Exec. VP, Chief Legal & Devel. Officer and Sec. (Age 49, Pay $2.5M)
  • 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 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 many different retail and institutional investors. Top institutional shareholders include Neuberger Berman Group LLC (3.13%), State Street Corp (1.85%), Victory Capital Management Inc. (1.27%), New York State Common Retirement Fund (1.04%), Great West Life Assurance Co. Can (0.98%) and Charles Schwab Investment Management Inc. (0.90%). Company insiders that own Gray Television stock include Harriett J Robinson, Hilton H Howell Jr and Robin Robinson Howell.
View institutional ownership trends for Gray Television
.

Which major investors are selling Gray Television stock?

GTN stock was sold by a variety of institutional investors in the last quarter, including AXA S.A., James Investment Research Inc., Victory Capital Management Inc., Voloridge Investment Management LLC, JPMorgan Chase & Co., Neuberger Berman Group LLC, Dalton Greiner Hartman Maher & Co., and State Street Corp.
View insider buying and selling activity for Gray Television
.

Which major investors are buying Gray Television stock?

GTN stock was acquired by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Arrowstreet Capital Limited Partnership, Morgan Stanley, AJO LP, LSV Asset Management, Contrarius Investment Management Ltd, Skylands Capital LLC, and Charles Schwab Investment 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
.

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, Robinhood, Fidelity, and Charles Schwab.

What is Gray Television's stock price today?

One share of GTN stock can currently be purchased for approximately $18.12.

How big of a company is Gray Television?

Gray Television has a market capitalization of $1.74 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. Gray Television employs 8,018 workers across the globe.

What is Gray Television's official website?

The official website for Gray Television is 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.

This page was last updated on 12/4/2020 by MarketBeat.com Staff

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