NYSE:GTN Gray Television - GTN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Gray Television, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $12.60 +0.35 (+2.86%) (As of 01/26/2023 04:29 PM ET) Add Compare Share Share Today's Range$12.19▼$12.6050-Day Range$10.29▼$12.2552-Week Range$8.61▼$24.81Volume441,180 shsAverage Volume787,187 shsMarket Capitalization$1.17 billionP/E Ratio4.79Dividend Yield2.61%Price Target$17.20 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Gray Television MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside38.7% Upside$17.20 Price TargetShort InterestHealthy4.48% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.74Upright™ Environmental ScoreNews Sentiment0.37Based on 4 Articles This WeekInsider TradingAcquiring Shares$1.40 M Bought Last QuarterProj. Earnings Growth-85.17%From $4.18 to $0.62 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.72 out of 5 starsConsumer Discretionary Sector33rd out of 275 stocksTelevision Broadcasting Stations Industry1st out of 14 stocks 3.0 Analyst's Opinion Consensus RatingGray Television has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $17.20, Gray Television has a forecasted upside of 38.7% from its current price of $12.40.Amount of Analyst CoverageGray Television has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.48% of the float of Gray Television has been sold short.Short Interest Ratio / Days to CoverGray Television has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Gray Television has recently increased by 2.46%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldGray Television pays a meaningful dividend of 2.61%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthGray Television does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Gray Television is 12.17%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Gray Television will have a dividend payout ratio of 51.61% next year. This indicates that Gray Television will be able to sustain or increase its dividend. Previous Next 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreGray Television has received a 32.05% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is false driven by its "Broadcasting of television news programs" and "Television advertisements" products. See details.Environmental SustainabilityThe Environmental Impact score for Gray Television is -0.74. Previous Next 2.4 News and Social Media Coverage News SentimentGray Television has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Gray Television this week, compared to 2 articles on an average week.Search Interest3 people have searched for GTN on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Gray Television to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Gray Television insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,397,745.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 4.80% of the stock of Gray Television is held by insiders.Percentage Held by Institutions81.33% of the stock of Gray Television is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Gray Television are expected to decrease by -85.17% in the coming year, from $4.18 to $0.62 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gray Television is 4.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.39.Price to Earnings Ratio vs. SectorThe P/E ratio of Gray Television is 4.71, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 12.05.Price to Earnings Growth RatioGray Television has a PEG Ratio of 1.95. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioGray Television has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Gray Television (NYSE:GTN) StockGray Television, Inc., a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Justice, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets. In addition, the company offers video program production services. It owns and operates television stations and digital assets that serve 113 television markets in the United States. 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 1891 and is headquartered in Atlanta, Georgia.Read More Receive GTN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Gray Television and its competitors with MarketBeat's FREE daily newsletter. Email Address GTN Stock News HeadlinesJanuary 26, 2023 | americanbankingnews.comGray Television (NYSE:GTN) Trading 3.5% Higher January 25, 2023 | americanbankingnews.comGray Television, Inc. (NYSE:GTN) Sees Significant Growth in Short InterestJanuary 26, 2023 | Investing Trends (Ad)Apple, Amazon, and Walmart are Investing in Solar EnergyThe global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.January 18, 2023 | wsj.comDebra Alfarone Joins Gray's Washington News OperationJanuary 18, 2023 | finance.yahoo.comDebra Alfarone Joins Gray’s Washington News OperationJanuary 17, 2023 | finance.yahoo.comBetsy Keefe Will Succeed Al Lancaster as General Manager of WSAW in Wausau, WisconsinDecember 29, 2022 | finance.yahoo.comAt US$10.68, Is It Time To Put Gray Television, Inc. (NYSE:GTN) On Your Watch List?December 5, 2022 | bizjournals.comLong-time KWCH journalist gets promotion with parent companyJanuary 26, 2023 | Investing Trends (Ad)Apple, Amazon, and Walmart are Investing in Solar EnergyThe global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.November 28, 2022 | msn.comGray Television's Return On Capital Employed InsightsNovember 17, 2022 | finance.yahoo.comInsider Buying: The Gray Television, Inc. (NYSE:GTN) President Just Bought 2.2% More SharesNovember 9, 2022 | finance.yahoo.comGray Television Third Quarter 2022 Earnings: Misses ExpectationsNovember 8, 2022 | finance.yahoo.comDown 36.4% in 4 Weeks, Here's Why Gray Television (GTN) Looks Ripe for a TurnaroundNovember 8, 2022 | finance.yahoo.comJaime Sayre Kawaja Promoted to General Manager of WFLX in West Palm BeachNovember 4, 2022 | finance.yahoo.comGray Television Misses On Q3 Due To Unexpected Pullback In Certain Key Political Races; Shares PlungeNovember 4, 2022 | finanznachrichten.deGray Television, Inc.: Gray Reports Third Quarter Operating ResultsNovember 4, 2022 | finance.yahoo.comGray Television (GTN) Lags Q3 Earnings and Revenue EstimatesNovember 2, 2022 | finance.yahoo.comGray Promotes James Finch As It Expands News ServicesNovember 2, 2022 | finance.yahoo.comNews Research and News Consulting Moves In-House at GrayOctober 18, 2022 | finance.yahoo.comNetflix (NFLX) Q3 Earnings and Revenues Beat EstimatesOctober 17, 2022 | nasdaq.comHere's Why Gray Television (NYSE:GTN) Is Weighed Down By Its Debt LoadOctober 4, 2022 | finance.yahoo.comGray Television & NBCUniversal Local’s Telemundo Station Group Announce News Collaboration: “Noticias Telemundo Texas” Expands to Gray’s Telemundo Affiliated Texas Stations Beginning Oct. 10September 21, 2022 | finance.yahoo.comHilton Howell believes in the power of local newsAugust 30, 2022 | finance.yahoo.com“Beat The Odds” Sports Betting and Entertainment Series Will Debut September 2, 2022, Across Most Gray Television StationsAugust 29, 2022 | finance.yahoo.comGray Television Adopts Minimum Wage of $18 Per HourAugust 29, 2022 | finance.yahoo.comGray Television gives raises to 2,000 employees by raising minimum wage to $18/hourAugust 26, 2022 | reuters.comGray Television IncSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive GTN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Gray Television and its competitors with MarketBeat's FREE daily newsletter. Email Address GTN Company Calendar Last Earnings11/04/2022Ex-Dividend for 12/30 Dividend12/14/2022Dividend Payable12/30/2022Today1/26/2023Next Earnings (Estimated)2/24/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Television broadcasting stations Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNYSE:GTN CUSIPN/A CIK43196 Webwww.gray.tv Phone(404) 266-8333Fax404-261-9607Employees8,993Year FoundedN/APrice Target and Rating Average Stock Price Forecast$17.20 High Stock Price Forecast$33.00 Low Stock Price Forecast$7.00 Forecasted Upside/Downside+36.5%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.63 Trailing P/E Ratio4.79 Forward P/E Ratio3.01 P/E Growth1.95Net Income$90 million Net Margins8.96% Pretax Margin12.39% Return on Equity16.26% Return on Assets2.68% Debt Debt-to-Equity Ratio3.41 Current Ratio2.09 Quick Ratio2.09 Sales & Book Value Annual Sales$2.41 billion Price / Sales0.49 Cash Flow$4.14 per share Price / Cash Flow3.04 Book Value$18.50 per share Price / Book0.68Miscellaneous Outstanding Shares93,094,000Free Float88,625,000Market Cap$1.17 billion OptionableOptionable Beta1.57 Key ExecutivesMr. Hilton Hatchett Howell Jr. (Age 61)Exec. Chairman & CEO Comp: $3.2MMr. Donald Patrick LaPlatney (Age 63)Pres, Co-CEO & Director Comp: $4.66MMr. James C. Ryan (Age 62)Exec. VP & CFO Comp: $3.67MMr. Robert Lawrence Smith (Age 60)Exec. VP & COO Comp: $3.33MMr. Kevin P. Latek (Age 52)Exec. VP, Chief Legal & Devel. Officer and Sec. Comp: $3.73MMr. Jackson S. Cowart IVSr. VP & Chief Accounting OfficerMr. David BurkeSr. VP & Chief Technology OfficerMs. Charlie EffingerVP of Corp. Devel.Ms. Meg LittleGroup Director of Marketing & Client ServicesMs. Jan GoldsteinSr. VP of HRMore ExecutivesKey CompetitorsE.W. ScrippsNASDAQ:SSPGray TelevisionNYSE:GTN.ASinclair Broadcast GroupNASDAQ:SBGIEntravision CommunicationsNYSE:EVCGrupo Televisa, S.A.B.NYSE:TVView All CompetitorsInsiders & InstitutionsLindbrook Capital LLCBought 1,156 shares on 1/25/2023Ownership: 0.007%Arden Trust CoSold 3,518 shares on 1/20/2023Ownership: 0.011%Quent Capital LLCBought 3,000 shares on 1/19/2023Ownership: 0.017%AEGON ASSET MANAGEMENT UK PlcBought 24,616 shares on 1/17/2023Ownership: 0.123%First Hawaiian BankSold 1,019 shares on 1/12/2023Ownership: 0.030%View All Insider TransactionsView All Institutional Transactions GTN Stock - Frequently Asked Questions Should I buy or sell Gray Television stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gray Television in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating 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? 3 equities research analysts have issued 1-year price targets for Gray Television's stock. Their GTN share price forecasts range from $7.00 to $33.00. On average, they anticipate the company's stock price to reach $17.20 in the next year. This suggests a possible upside of 40.4% 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 at the beginning of 2023. Since then, GTN stock has increased by 9.5% and is now trading at $12.25. View the best growth stocks for 2023 here. Are investors shorting Gray Television? Gray Television saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 3,250,000 shares, an increase of 5.9% from the December 15th total of 3,070,000 shares. Based on an average daily volume of 898,400 shares, the days-to-cover ratio is currently 3.6 days. Approximately 4.8% of the company's stock are sold short. 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, February 24th 2023. View our GTN earnings forecast. How were Gray Television's earnings last quarter? Gray Television, Inc. (NYSE:GTN) released its quarterly earnings results on Friday, November, 4th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.41 by $0.38. The company had revenue of $909 million for the quarter, compared to analysts' expectations of $950.70 million. Gray Television had a trailing twelve-month return on equity of 16.26% and a net margin of 8.96%. How often does Gray Television pay dividends? What is the dividend yield for Gray Television? Gray Television announced a quarterly dividend on Friday, November 4th. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.08 per share on Friday, December 30th. This represents a $0.32 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Wednesday, December 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 2.67%. The dividend payout ratio is 12.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GTN will have a dividend payout ratio of 51.61% 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 updated its fourth quarter 2022 earnings guidance on Friday, November, 18th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.02 billion-$1.05 billion, compared to the consensus revenue estimate of $1.15 billion. 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 many different retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.85%), AEGON ASSET MANAGEMENT UK Plc (0.12%), First Hawaiian Bank (0.03%), Yorktown Management & Research Co Inc (0.03%), Quent Capital LLC (0.02%) and Arden Trust Co (0.01%). 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 $12.25. How much money does Gray Television make? Gray Television (NYSE:GTN) has a market capitalization of $1.14 billion and generates $2.41 billion in revenue each year. The company earns $90 million in net income (profit) each year or $2.63 on an earnings per share basis. How many employees does Gray Television have? The company employs 8,993 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 1/26/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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