About Gray Television (NYSE:GTN)
Gray Television, Inc., a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 23, 2018, the company owned and operated television stations in 57 television markets broadcasting approximately 200 program streams, including approximately 100 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network. It 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. 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.
Industry, Sector and Symbol
Industry Television broadcasting stations
Sub-IndustryN/A
SectorConsumer Discretionary
SymbolNYSE:GTN
CUSIPN/A
Phone404-504-9828
Debt
Debt-to-Equity Ratio1.84%
Current Ratio5.08%
Quick Ratio5.08%
Price-To-Earnings
Trailing P/E Ratio10.00
Forward P/E Ratio6.29
P/E Growth1.48
Sales & Book Value
Annual Sales$882.73 million
Price / Sales1.20
Cash Flow$2.0930 per share
Price / Cash5.59
Book Value$11.05 per share
Price / Book1.06
Profitability
EPS (Most Recent Fiscal Year)$1.17
Net Income$261.95 million
Net Margins29.67%
Return on Equity11.91%
Return on Assets2.64%
Miscellaneous
Employees3,938
Outstanding Shares90,320,000
Gray Television (NYSE:GTN) Frequently Asked Questions
What is Gray Television's stock symbol?
Gray Television trades on the New York Stock Exchange (NYSE) under the ticker symbol "GTN."
How were Gray Television's earnings last quarter?
Gray Television (NYSE:GTN) issued its quarterly earnings results on Tuesday, February, 27th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.15. The company had revenue of $233.60 million for the quarter, compared to analyst estimates of $232.24 million. Gray Television had a return on equity of 11.91% and a net margin of 29.67%. The company's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. View Gray Television's Earnings History.
When is Gray Television's next earnings date?
What price target have analysts set for GTN?
7 brokers have issued 1-year target prices for Gray Television's shares. Their forecasts range from $17.00 to $22.00. On average, they expect Gray Television's stock price to reach $19.3333 in the next year. View Analyst Ratings for Gray Television.
What are Wall Street analysts saying about Gray Television stock?
Here are some recent quotes from research analysts about Gray Television stock:
- 1. According to Zacks Investment Research, "Gray Television is a communications company headquartered in Atlanta, Georgia, and currently operates 15 CBS-affiliated television stations, seven NBC-affiliated television stations, seven ABC-affiliated television stations and four daily newspapers. " (2/28/2018)
- 2. Benchmark Co. analysts commented, "We noted in our recent political primer that the Alaskan gubernatorial race has heated up once again, albeit not to the same degree, while Gray reaches the third largest number of toss- up/contested DMAs in our broadcast group, which bodes well for material upside. Change in Earnings Forecast Rating: Buy Current Price $15.25 Price Target $21.00 52-Wk Range $11.70 – $17.80 Shares Outstanding (mm) 73 Market Cap (mm) $1,106 Enterprise Value (mm) $2,837 Average Volume (000s) 811 Net Debt (mm) $1,731 Sector Weight Market Weight Daniel L. Kurnos, CFA 561-939-8262 [email protected] FY Dec Q1 Q2 Q3 Q4 Total P/E EV/EBITDA EPS 2017E $0.14A $0.97A $0.21A $0.22E $1.55E 10x 2018E $0.30E $0.48E $0.50E $0.75E $2.03E 8x 2019E $0.27E $0.52E $0.35E $0.34E $1.49E 10x EBITDA 2017E $64A $86A $73A $75E $297E 10x 2018E $76E $93E $94E $119E $382E 7x 2019E $73E $98E $81E $80E $331E 9x Gray Television, Inc." (2/15/2018)
Are investors shorting Gray Television?
Gray Television saw a increase in short interest in March. As of March 29th, there was short interest totalling 4,469,758 shares, an increase of 61.3% from the March 15th total of 2,770,392 shares. Based on an average trading volume of 1,935,815 shares, the days-to-cover ratio is currently 2.3 days. Currently, 5.5% of the shares of the company are sold short.
Who are some of Gray Television's key competitors?
Who are Gray Television's key executives?
Gray Television's management team includes the folowing people:
- Mr. Hilton Hatchett Howell Jr., Chairman, Pres & CEO (Age 56)
- Mr. James C. Ryan, Exec. VP & CFO (Age 57)
- Mr. Kevin P. Latek, Exec. VP, Chief Legal & Devel. Officer and Sec. (Age 47)
- Mr. Nick Craig Waller, Exec. VP & Co-COO (Age 64)
- Mr. Robert Smith, Co-Chief Operating Officer and Exec. VP (Age 55)
Has Gray Television been receiving favorable news coverage?
Media stories about GTN stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gray Television earned a media sentiment score of 0.11 on Accern's scale. They also assigned media stories about the company an impact score of 46.42 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
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, Scottrade, Fidelity and Charles Schwab.
What is Gray Television's stock price today?
One share of GTN stock can currently be purchased for approximately $11.70.
How big of a company is Gray Television?
Gray Television has a market capitalization of $1.07 billion and generates $882.73 million in revenue each year. The company earns $261.95 million in net income (profit) each year or $1.17 on an earnings per share basis. Gray Television employs 3,938 workers across the globe.
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.
MarketBeat Community Rating for Gray Television (GTN)
MarketBeat's community ratings are surveys of what our community members think about Gray Television and other stocks. Vote "Outperform" if you believe GTN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GTN will underperform the S&P 500 over the long term. You may vote once every thirty days.
Gray Television (NYSE:GTN) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for Gray Television in the last 12 months. Their average twelve-month price target is $19.3333, suggesting that the stock has a possible upside of 65.24%. The high price target for GTN is $22.00 and the low price target for GTN is $17.00. There are currently 7 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 3.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $19.3333 | $19.3333 | $18.8333 | $18.60 |
| Price Target Upside: | 65.24% upside | 42.47% upside | 8.55% upside | 23.59% upside |
Gray Television (NYSE:GTN) Consensus Price Target History
Gray Television (NYSE:GTN) Analyst Ratings History
Show:
(Data available from 4/26/2016 forward)
Gray Television (NYSE:GTN) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Gray Television (NYSE GTN) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 9.98%
Institutional Ownership Percentage: 85.25%
Gray Television (NYSE GTN) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/15/2018 | Harriett J Robinson | Major Shareholder | Buy | 8,214 | $11.60 | $95,282.40 | |  |
| 12/21/2017 | Kevin Paul Latek | EVP | Sell | 97,634 | $16.96 | $1,655,872.64 | 219,706 | |
| 3/10/2017 | Richard Lee Boger | Director | Sell | 7,000 | $14.21 | $99,470.00 | 21,066 | |
| 12/29/2016 | T L Elder | Director | Sell | 2,960 | $10.98 | $32,500.80 | 22,251 | |
| 11/16/2016 | Harriett J Robinson | Director | Buy | 6,100 | $9.55 | $58,255.00 | 992,753 | |
| 11/15/2016 | Hilton H Howell Jr | Vice Chairman | Buy | 1,720 | $8.98 | $15,445.60 | 537,021 | |
| 11/10/2016 | Harriett J Robinson | Director | Buy | 12,000 | $7.62 | $91,440.00 | 986,653 | |
| 11/10/2016 | Hilton H Howell Jr | Vice Chairman | Buy | 1,600 | $7.58 | $12,128.00 | 536,377 | |
| 7/14/2015 | Hugh Norton | Director | Sell | 7,500 | $17.12 | $128,400.00 | | |
| 9/9/2014 | Howell Newton | Director | Sell | 1,000 | $9.53 | $9,530.00 | | |
| 1/16/2014 | Howell Newton | Director | Sell | 3,000 | $12.25 | $36,750.00 | | |
| 12/10/2013 | Hilton H Howell Jr | CEO | Buy | 1,000 | $10.69 | $10,690.00 | | |
| 12/3/2013 | Hilton H Howell Jr | CEO | Buy | 1,000 | $10.04 | $10,040.00 | | |
| 11/27/2013 | Hilton H Howell Jr | CEO | Buy | 5,800 | $10.61 | $61,538.00 | | |
| 8/2/2013 | J Mack Robinson | Major Shareholder | Buy | 492,212 | $8.00 | $3,937,696.00 | | |
| 6/20/2013 | Harriett J Robinson | Director | Buy | 9,000 | $6.97 | $62,730.00 | | |
| 6/19/2013 | J Mack Robinson | Major Shareholder | Buy | 1,000 | $7.08 | $7,080.00 | | |
| 6/18/2013 | Harriett J Robinson | Director | Buy | 15,000 | $6.94 | $104,100.00 | | |
| 5/8/2013 | T L Elder | Director | Sell | 10,000 | $6.53 | $65,300.00 | | |
(Data available from 1/1/2013 forward)
Gray Television (NYSE GTN) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Gray Television stations win 19 regional Edward R. Murrow Awards Plus two of three NABEF Service to America Television Awards
finance.yahoo.com - April 26 at 8:57 AM |
 | Gray Television (GTN) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - April 26 at 5:28 AM |
| Gray Television (GTN) Scheduled to Post Quarterly Earnings on Wednesday
www.americanbankingnews.com - April 25 at 5:47 AM |
| Getin Holding SA. (WSE:GTN): Should The Recent Earnings Drop Worry You?
finance.yahoo.com - April 18 at 9:09 AM |
| Gray Television (GTN) Short Interest Update
www.americanbankingnews.com - April 17 at 1:37 AM |
| Zacks: Analysts Expect Gray Television (GTN) Will Post Quarterly Sales of $225.63 Million
www.americanbankingnews.com - April 15 at 4:05 AM |
| BidaskClub Upgrades Gray Television (GTN) to Strong-Buy
www.americanbankingnews.com - April 14 at 10:53 PM |
| Gray Television (GTN) Expected to Post Earnings of $0.16 Per Share
www.americanbankingnews.com - April 13 at 11:49 AM |
| Reviewing Entravision Communications (EVC) & Gray Television (GTN)
www.americanbankingnews.com - April 12 at 1:29 AM |
| Gray Television (GTN) Price Target Raised to $17.00 at Royal Bank of Canada
www.americanbankingnews.com - April 11 at 11:52 PM |
| Gray Television (GTN) Rating Reiterated by Wells Fargo
www.americanbankingnews.com - April 11 at 2:55 PM |
| Have You Considered These Key Risks For Getin Holding SA. (WSE:GTN)?
finance.yahoo.com - April 11 at 9:42 AM |
| SKY (SKYAY) versus Gray Television (GTN) Head to Head Survey
www.americanbankingnews.com - April 8 at 5:08 PM |
| Gray Television (GTN) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - April 7 at 2:46 PM |
| Gray Television (GTN) Earns Buy Rating from Analysts at Guggenheim
www.americanbankingnews.com - April 6 at 3:32 PM |
| Gray Television (GTN) Rating Reiterated by Benchmark
www.americanbankingnews.com - April 1 at 3:43 PM |
| Gray Television, Inc. (GTN) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - April 1 at 5:34 AM |
| Gray Television (GTN) Downgraded by ValuEngine
www.americanbankingnews.com - March 31 at 1:04 PM |
| Gray Television, Inc. (GTN) Expected to Post Quarterly Sales of $225.63 Million
www.americanbankingnews.com - March 29 at 5:52 AM |
| Brokerages Anticipate Gray Television, Inc. (GTN) Will Announce Earnings of $0.16 Per Share
www.americanbankingnews.com - March 27 at 1:14 PM |
| Gray Sets Date For First Quarter Earnings Release And Earnings Conference Call
finance.yahoo.com - March 27 at 9:30 AM |
| ValuEngine Upgrades Gray Television (GTN) to "Buy"
www.americanbankingnews.com - March 25 at 5:54 PM |
| Gray Television Sees Unusually Large Options Volume (GTN)
www.americanbankingnews.com - March 21 at 7:26 AM |
| Edited Transcript of GTN earnings conference call or presentation 27-Feb-18 4:00pm GMT
finance.yahoo.com - March 18 at 9:03 AM |
| Gray Television, Inc. (GTN) Major Shareholder Purchases $95,282.40 in Stock
www.americanbankingnews.com - March 16 at 8:36 PM |
| Gray Television, Inc. (GTN) Expected to Post Quarterly Sales of $225.70 Million
www.americanbankingnews.com - March 12 at 10:27 AM |
| Brokers Set Expectations for Gray Television, Inc.'s Q1 2018 Earnings (GTN)
www.americanbankingnews.com - March 12 at 2:14 AM |
| $0.18 Earnings Per Share Expected for Gray Television, Inc. (GTN) This Quarter
www.americanbankingnews.com - March 10 at 5:09 AM |
 | Gray Television (GTN) Presents At 26th Annual Media, Telecom And Business Services Conference - Slideshow
seekingalpha.com - March 8 at 5:45 PM |
| Gray Television, Inc. (GTN) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - March 7 at 5:58 AM |
| Gray Television's (GTN) Buy Rating Reiterated at Noble Financial
www.americanbankingnews.com - March 6 at 3:28 PM |
| Schroder Investment Management Group Buys Shares of 356,200 Gray Television, Inc. (GTN)
www.americanbankingnews.com - March 2 at 9:58 AM |
| Q1 2018 EPS Estimates for Gray Television, Inc. (GTN) Reduced by Analyst
www.americanbankingnews.com - March 2 at 9:04 AM |
| Gray Television (GTN) Stock Rating Reaffirmed by Guggenheim
www.americanbankingnews.com - March 1 at 6:45 PM |
| Q2 2018 Earnings Estimate for Gray Television, Inc. (GTN) Issued By Jefferies Group
www.americanbankingnews.com - March 1 at 9:20 AM |
| Stock Traders Purchase Large Volume of Gray Television Put Options (GTN)
www.americanbankingnews.com - March 1 at 7:24 AM |
| Gray Television Target of Unusually High Options Trading (GTN)
www.americanbankingnews.com - March 1 at 7:24 AM |
| Gray Television (GTN) Rating Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - February 28 at 11:22 PM |
| Gray Television (GTN) Given "Buy" Rating at Barrington Research
www.americanbankingnews.com - February 27 at 6:50 PM |
| Gray Television, Inc. to Host Earnings Call
finance.yahoo.com - February 27 at 5:18 PM |
| Gray Television beats Street 4Q forecasts
finance.yahoo.com - February 27 at 5:18 PM |
| Gray Television (GTN) Announces Earnings Results, Beats Expectations By $0.15 EPS
www.americanbankingnews.com - February 27 at 5:14 PM |
| Adirondack Research & Management Inc. Takes $3.05 Million Position in Gray Television, Inc. (GTN)
www.americanbankingnews.com - February 26 at 5:10 AM |
| $232.62 Million in Sales Expected for Gray Television, Inc. (GTN) This Quarter
www.americanbankingnews.com - February 23 at 7:26 AM |
| Zacks: Analysts Anticipate Gray Television, Inc. (GTN) Will Announce Earnings of $0.25 Per Share
www.americanbankingnews.com - February 21 at 2:28 PM |
| Gray Television (GTN) to Release Earnings on Tuesday
www.americanbankingnews.com - February 20 at 4:12 AM |
| Gray Television (GTN) Upgraded to "Hold" by Zacks Investment Research
www.americanbankingnews.com - February 18 at 5:24 PM |
| Gray Television (GTN) Stock Rating Reaffirmed by Benchmark
www.americanbankingnews.com - February 15 at 6:52 PM |
| Directv (DTV) & Gray Television (GTN) Head to Head Review
www.americanbankingnews.com - February 11 at 11:12 AM |
| Traders Purchase High Volume of Put Options on Gray Television (GTN)
www.americanbankingnews.com - February 11 at 2:56 AM |
Gray Television (NYSE:GTN) SEC Filings
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Gray Television (NYSE:GTN) Income Statement, Balance Sheet and Cash Flow Statement
Gray Television (NYSE GTN) Stock Chart for Thursday, April, 26, 2018
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