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S&P 500   3,825.33
DOW   31,097.26
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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NYSE:GTN

Gray Television Stock Forecast, Price & News

$17.58
+0.69 (+4.09%)
(As of 07/1/2022 12:00 AM ET)
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Compare
Today's Range
$16.75
$17.61
50-Day Range
$16.89
$20.52
52-Week Range
$16.25
$25.24
Volume
1.03 million shs
Average Volume
787,667 shs
Market Capitalization
$1.68 billion
P/E Ratio
27.47
Dividend Yield
1.89%
Price Target
$29.67

Gray Television Stock Forecast (MarketRank)

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
68.8% Upside
$29.67 Price Target
Short Interest
Bearish
10.54% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
0.14mentions of Gray Television in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$1.83 M Sold Last Quarter
Proj. Earnings Growth
-34.16%
From $5.27 to $3.47 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.71 out of 5 stars

Consumer Discretionary Sector

27th out of 405 stocks

Television Broadcasting Stations Industry

1st out of 21 stocks

30 days | 90 days | 365 days | Advanced Chart

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Gray Television logo

About Gray Television (NYSE:GTN)

Gray 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.

GTN Stock News Headlines

Gray Television, Inc.
StockNews.com Downgrades Gray Television (NYSE:GTN) to Sell
Pick These 4 Low P/CF Stocks to Beat Market Volatility
Gray Announces Management Changes
See More Headlines

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
N/A
Employees
8,993
Year Founded
N/A

Company Calendar

Last Earnings
5/06/2022
Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Today
7/02/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$29.67
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+68.8%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
2 Analysts

Profitability

Net Income
$90 million
Pretax Margin
7.31%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$4.04 per share
Book Value
$18.50 per share

Miscellaneous

Free Float
90,729,000
Market Cap
$1.68 billion
Optionable
Optionable
Beta
1.73














Gray Television Frequently Asked Questions

Should I buy or sell Gray Television stock right now?

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" Gray Television stock.
View analyst ratings for Gray Television
or view top-rated stocks.

What is Gray Television's stock price forecast for 2022?

2 Wall Street research analysts have issued 1 year price objectives for Gray Television's shares. Their GTN stock forecasts range from $28.00 to $33.00. On average, they predict Gray Television's stock price to reach $29.67 in the next twelve months. This suggests a possible upside of 68.8% from the stock's current price.
View analysts' price targets for Gray Television
or view top-rated stocks among Wall Street analysts.

How has Gray Television's stock performed in 2022?

Gray Television's stock was trading at $20.16 at the beginning of 2022. Since then, GTN shares have decreased by 12.8% and is now trading at $17.58.
View the best growth stocks for 2022 here
.

Are investors shorting Gray Television?

Gray Television saw a increase in short interest in June. As of June 15th, there was short interest totaling 8,100,000 shares, an increase of 25.4% from the May 31st total of 6,460,000 shares. Based on an average daily trading volume, of 909,200 shares, the short-interest ratio is currently 8.9 days. Approximately 10.5% of the company's stock are sold short.
View Gray Television's Short Interest
.

When is Gray Television's next earnings date?

Gray Television is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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 Friday, May, 6th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.27. The business earned $827 million during the quarter, compared to the consensus estimate of $805.23 million. Gray Television had a trailing twelve-month return on equity of 6.38% and a net margin of 4.19%. The company's quarterly revenue was up 52.0% on a year-over-year basis. During the same quarter last year, the company posted $0.27 EPS.
View Gray Television's earnings history
.

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

Gray Television declared a quarterly dividend on Friday, May 6th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.08 per share on Thursday, June 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Tuesday, June 14th.
View Gray Television's dividend history
.

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 1.89%. Gray Television does not yet have a strong track record of dividend growth. The dividend payout ratio of Gray Television is 50.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Gray Television will have a dividend payout ratio of 9.22% next year. This indicates that Gray Television will be able to sustain or increase its dividend.
View Gray Television's dividend history.

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

Gray Television updated its second quarter 2022 earnings guidance on Monday, June, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $846.00 million-$864.00 million, compared to the consensus revenue estimate of $824.22 million.

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 60, Pay $3.2M)
  • Mr. Donald Patrick LaPlatney, Pres, Co-CEO & Director (Age 62, Pay $4.66M)
  • Mr. James C. Ryan, Exec. VP & CFO (Age 61, Pay $3.67M)
  • Mr. Robert Lawrence Smith, Exec. VP & COO (Age 59, Pay $3.33M)
  • Mr. Kevin P. Latek, Exec. VP, Chief Legal & Devel. Officer and Sec. (Age 51, Pay $3.73M)
  • 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 Hilton H. Howell, Jr.'s approval rating as Gray Television's CEO?

63 employees have rated Gray Television CEO Hilton H. Howell, Jr. on Glassdoor.com. Hilton H. Howell, Jr. has an approval rating of 57% among Gray Television'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."

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 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 $17.58.

How much money does Gray Television make?

Gray Television (NYSE:GTN) has a market capitalization of $1.68 billion and generates $2.41 billion in revenue each year. The company earns $90 million in net income (profit) each year or $0.639990 on an earnings per share basis.

How many employees does Gray Television have?

Gray Television 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 Gray Television 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 7/2/2022 by MarketBeat.com Staff

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