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NYSE:GTNGray Television Stock Price, Forecast & News

$13.53
0.00 (0.00 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$13.16
Now: $13.53
$13.60
50-Day Range
$9.49
MA: $11.37
$13.56
52-Week Range
$8.53
Now: $13.53
$23.07
Volume801,176 shs
Average Volume1.11 million shs
Market Capitalization$1.34 billion
P/E Ratio6.83
Dividend YieldN/A
Beta2.04
Gray Television, Inc., a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network. 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, 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. 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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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.09 out of 5 stars


Industry, Sector and Symbol

Industry Television broadcasting stations
Sub-IndustryN/A
SectorConsumer Discretionary
CUSIPN/A
Phone404-504-9828

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.12 billion
Cash Flow$3.90 per share
Book Value$14.71 per share

Profitability

Net Income$179 million

Miscellaneous

Employees8,018
Market Cap$1.34 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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Gray Television (NYSE:GTN) Frequently Asked Questions

How has Gray Television's stock been impacted by COVID-19 (Coronavirus)?

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 15.2% and is now trading at $13.53. View which stocks have been most impacted by Coronavirus.

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gray Television in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Gray Television.

When is Gray Television's next earnings date?

Gray Television is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Gray Television.

How were Gray Television's earnings last quarter?

Gray Television, Inc. (NYSE:GTN) announced its earnings results on Thursday, May, 7th. The company reported $0.40 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.23 by $0.17. The business earned $534 million during the quarter, compared to the consensus estimate of $543.75 million. Gray Television had a return on equity of 16.54% and a net margin of 11.09%. The firm's revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned ($0.31) EPS. View Gray Television's earnings history.

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

Gray Television updated its FY 2020 Pre-Market earnings guidance on Thursday, February, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.375-2.425 billion, compared to the consensus revenue estimate of $2.36 billion.

What price target have analysts set for GTN?

4 brokers have issued 1-year price targets for Gray Television's shares. Their forecasts range from $20.00 to $27.00. On average, they anticipate Gray Television's stock price to reach $22.50 in the next year. This suggests a possible upside of 66.3% from the stock's current price. View analysts' price targets for Gray Television.

Has Gray Television been receiving favorable news coverage?

Media coverage about GTN stock has trended very positive recently, according to InfoTrie. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Gray Television earned a news impact score of 4.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutGray 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), AT&T (T), bluebird bio (BLUE), Netflix (NFLX), Activision Blizzard (ATVI), Alibaba Group (BABA), Walt Disney (DIS), Energy Transfer LP Unit (ET) and Horizon Therapeutics (HZNP).

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 57)
  • Mr. James C. Ryan, Exec. VP & CFO (Age 58)
  • Mr. Robert Lawrence Smith, Exec. VP & COO (Age 56)
  • Mr. Kevin Nichols-Craig Waller, Exec. VP & Chief Admin. Officer (Age 65)
  • Mr. Kevin P. Latek, Exec. VP, Chief Legal & Devel. Officer and Sec. (Age 48)

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 institutional and retail investors. Top institutional investors include Clearbridge Investments LLC (4.45%), State Street Corp (1.88%), Bank of New York Mellon Corp (1.67%), Channing Capital Management LLC (1.64%), Victory Capital Management Inc. (1.45%) and Victory Capital Management Inc. (1.45%). Company insiders that own Gray Television stock include Harriett J Robinson and Hilton H Howell Jr. 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 New Mountain Vantage Advisers L.L.C., Vaughan Nelson Investment Management L.P., JPMorgan Chase & Co., Loomis Sayles & Co. L P, Victory Capital Management Inc., Victory Capital Management Inc., Channing Capital Management LLC, and ACT II Management LP. View insider buying and selling activity for Gray Television.

Which institutional investors are buying Gray Television stock?

GTN stock was bought by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, Granahan Investment Management Inc. MA, Waddell & Reed Financial Inc., American Financial Group Inc., Dalton Greiner Hartman Maher & Co., APG Asset Management N.V., APG Asset Management N.V., and APG Asset Management N.V.. Company insiders that have bought Gray Television stock in the last two years include Harriett J Robinson, and Hilton H Howell Jr. 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 $13.53.

How big of a company is Gray Television?

Gray Television has a market capitalization of $1.34 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 5/25/2020 by MarketBeat.com Staff

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