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NYSE:GTN

Gray Television - GTN Stock Forecast, Price & News

$8.72
+0.15 (+1.75%)
(As of 03/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$8.54
$8.79
50-Day Range
$8.36
$14.06
52-Week Range
$8.09
$22.72
Volume
937,537 shs
Average Volume
781,091 shs
Market Capitalization
$809.48 million
P/E Ratio
2.01
Dividend Yield
3.67%
Price Target
$14.20

Gray Television MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
62.8% Upside
$14.20 Price Target
Short Interest
Bearish
3.77% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
0.15mentions of Gray Television in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.03) to $4.33 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.68 out of 5 stars

Consumer Discretionary Sector

48th out of 264 stocks

Television Broadcasting Stations Industry

3rd out of 14 stocks


GTN stock logo

About Gray Television (NYSE:GTN) Stock

Gray Television, Inc. is a television broadcasting company, which engages in owning and operating television stations and digital assets in markets throughout the United States. It operates through the following segments: Broadcasting, and Production Companies. The Broadcasting segment operates television stations located across local markets in the United States. The firm's segment includes the production of television and event content. The company was founded in January 1897 and is headquartered in Atlanta, GA.

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GTN Stock News Headlines

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Q4 2022 Gray Television Inc Earnings Call
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GRAY ELEVATES TWO LEADERS
Debra Alfarone Joins Gray’s Washington News Operation
See More Headlines
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GTN Company Calendar

Last Earnings
2/24/2023
Ex-Dividend for 3/31 Dividend
3/14/2023
Today
3/31/2023
Dividend Payable
3/31/2023
Next Earnings (Estimated)
5/05/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
N/A
Employees
9,394
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$14.20
High Stock Price Forecast
$19.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+62.8%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$455 million
Pretax Margin
16.70%

Debt

Sales & Book Value

Annual Sales
$3.68 billion
Cash Flow
$9.69 per share
Book Value
$22.75 per share

Miscellaneous

Free Float
88,371,000
Market Cap
$809.48 million
Optionable
Optionable
Beta
1.61

Key Executives

  • Hilton H. Howell
    Executive Chairman & Chief Executive Officer
  • Pat LaPlatney
    President, Co-Chief Executive Officer & Director
  • Bob Smith
    Chief Operating Officer & Executive VP
  • James C. Ryan
    Chief Financial Officer & Executive Vice President
  • David Burke
    Chief Technology Officer & Senior Vice President













GTN Stock - Frequently Asked Questions

Should I buy or sell Gray Television stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gray Television in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GTN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GTN, but not buy additional shares or sell existing shares.
View GTN analyst ratings
or view top-rated stocks.

What is Gray Television's stock price forecast for 2023?

4 brokerages have issued 12 month target prices for Gray Television's shares. Their GTN share price forecasts range from $7.00 to $19.00. On average, they predict the company's share price to reach $14.20 in the next year. This suggests a possible upside of 62.8% from the stock's current price.
View analysts price targets for GTN
or view top-rated stocks among Wall Street analysts.

How have GTN shares performed in 2023?

Gray Television's stock was trading at $11.19 on January 1st, 2023. Since then, GTN stock has decreased by 22.1% and is now trading at $8.72.
View the best growth stocks for 2023 here
.

Are investors shorting Gray Television?

Gray Television saw a increase in short interest in March. As of March 15th, there was short interest totaling 3,060,000 shares, an increase of 17.7% from the February 28th total of 2,600,000 shares. Based on an average trading volume of 752,400 shares, the short-interest ratio is currently 4.1 days. Approximately 3.8% of the shares of the company are short sold.
View Gray Television's Short Interest
.

When is Gray Television's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our GTN earnings forecast
.

How were Gray Television's earnings last quarter?

Gray Television, Inc. (NYSE:GTN) released its quarterly earnings data on Friday, February, 24th. The company reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.15. The firm earned $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. Gray Television had a net margin of 12.38% and a trailing twelve-month return on equity of 23.67%. The company's revenue was up 48.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 earnings per share.

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

Gray Television declared a quarterly dividend on Friday, February 24th. Investors of record on Wednesday, March 15th will be given a dividend of $0.08 per share on Friday, March 31st. This represents a $0.32 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Tuesday, March 14th.
Read our dividend analysis for GTN
.

Is Gray Television a good dividend stock?

Gray Television (NYSE:GTN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 3.78%. The dividend payout ratio is 7.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GTN will have a dividend payout ratio of 7.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GTN.

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

Gray Television issued an update on its first quarter 2023 earnings guidance on Friday, February, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $777.00 million-$796.00 million, compared to the consensus revenue estimate of $799.04 million.

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

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.

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 variety of retail and institutional investors. Top institutional shareholders include Clearbridge Investments LLC (3.40%), Millennium Management LLC (2.44%), UBS Group AG (2.25%), New York State Common Retirement Fund (2.03%), Geode Capital Management LLC (1.62%) and Boston Partners (1.53%). Insiders that own company stock include D Patrick Laplatney, Harriett J Robinson, 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.
View institutional ownership trends
.

How do I buy shares of Gray Television?

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.
Compare Top Brokerages Here.

What is Gray Television's stock price today?

One share of GTN stock can currently be purchased for approximately $8.72.

How much money does Gray Television make?

Gray Television (NYSE:GTN) has a market capitalization of $809.48 million and generates $3.68 billion in revenue each year. The company earns $455 million in net income (profit) each year or $4.34 on an earnings per share basis.

How many employees does Gray Television have?

The company employs 9,394 workers across the globe.

How can I contact Gray Television?

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.

This page (NYSE:GTN) was last updated on 3/31/2023 by MarketBeat.com Staff