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
Stock Exchange NYSE
Industry Television broadcasting stations
Sub-IndustryN/A
SectorConsumer Discretionary
Current SymbolNYSE:GTN
Previous Symbol
CUSIPN/A
Phone404-504-9828
Debt
Debt-to-Equity Ratio1.64
Current Ratio6.32
Quick Ratio6.32
Price-To-Earnings
Trailing P/E Ratio14.24
Forward P/E Ratio7.24
P/E Growth0.74
Sales & Book Value
Annual Sales$882.73 million
Price / Sales1.68
Cash Flow$2.0747 per share
Price / Cash Flow8.03
Book Value$11.05 per share
Price / Book1.51
Profitability
EPS (Most Recent Fiscal Year)$1.17
Net Income$261.95 million
Net Margins29.12%
Return on Equity14.95%
Return on Assets4.68%
Miscellaneous
Employees3,938
Outstanding Shares88,750,000
Market Cap$1.50 billion
OptionableOptionable
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, Inc. (NYSE:GTN) issued its quarterly earnings results on Tuesday, November, 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.09. The company had revenue of $279 million for the quarter, compared to the consensus estimate of $276.52 million. Gray Television had a return on equity of 14.95% and a net margin of 29.12%. Gray Television's revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 earnings per share. View Gray Television's Earnings History.
When is Gray Television's next earnings date?
What guidance has Gray Television issued on next quarter's earnings?
Gray Television updated its fourth quarter 2018 earnings guidance on Tuesday, November, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $319-325 million, compared to the consensus revenue estimate of $306.14 million.
What price target have analysts set for GTN?
8 Wall Street analysts have issued twelve-month price objectives for Gray Television's shares. Their predictions range from $19.00 to $29.00. On average, they anticipate Gray Television's share price to reach $23.00 in the next year. This suggests a possible upside of 38.1% from the stock's current price. View Analyst Price Targets for Gray Television.
What is the consensus analysts' recommendation for Gray Television?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gray Television in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. " (11/9/2018)
- 2. Barrington Research analysts commented, "We are raising our full-year 2018 EPS estimate by $0.25 to $2.10 from $1.85." (8/7/2018)
- 3. Benchmark Co. analysts commented, "We suspect management’s conservative nature could allow 1Q18 results to still fall within the prior guidance range despite some incremental softness in Auto, differentiating them from the broader peer group, although we are reducing our 2Q core outlook from slightly up to down 1%. We are raising our 2018E EBITDA, however, by $5 million to $388 million, still below what we think is an achievable number north of $400 million depending on political. Unfortunately, the bigger issue for Gray is 2019, with consensus at $322 million, including our overly ambitious $330 million forecast. We acknowledge we failed to consider the NBC full-year renewal impact, as well as the CBS step-up in 2H19, bringing our EBITDA forecast down to $298 million for the year. Even on our new numbers, however, shares still only trade at 6.5x blended 2018/2019E EV/EBITDA, with the Firm unfairly impacted by concerns over the pending UHF discount ruling." (5/3/2018)
Has Gray Television been receiving favorable news coverage?
Headlines about GTN stock have trended somewhat positive this week, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Gray Television earned a news sentiment score of 2.0 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 8.0 out of 10, indicating that recent news coverage is very likely to have an impact on the stock's share price in the next few days.
Who are some of Gray Television's key competitors?
Some companies that are related to Gray Television include PROSIEBENSAT 1/ADR (PBSFY), Tribune (TRCO), Nexstar Media Group (NXST), Sinclair Broadcast Group (SBGI), TEGNA (TGNA), Television Francaise 1 (TVFCF), Gray Television (GTN.A), Central European Media Enterprises (CETV), Liberty Braves Group Series A (BATRA), Entravision Communication (EVC), Phoenix New Media (FENG), E. W. Scripps (SSP) and Rtl Group (RGLXF).
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. Robert Smith, Exec. VP & COO (Age 55)
- Mr. Jackson S. Cowart IV, Chief Accounting Officer & VP
Who are Gray Television's major shareholders?
Gray Television's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.03%), Neuberger Berman Group LLC (5.56%), Vanguard Group Inc. (4.05%), Vanguard Group Inc (4.05%), Clearbridge Investments LLC (3.02%) and FMR LLC (2.80%). Company insiders that own Gray Television stock include Harriett J Robinson, Kevin Paul Latek, Richard Lee Boger and T L Elder. View Institutional Ownership Trends for Gray Television.
Which major investors are selling Gray Television stock?
GTN stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Penn Capital Management Co. Inc., Victory Capital Management Inc., Marshall Wace North America L.P., BlackRock Inc., United Services Automobile Association, Federated Investors Inc. PA and Meghalaya Partners L.P.. View Insider Buying and Selling for Gray Television.
Which major investors are buying Gray Television stock?
GTN stock was bought by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, New Amsterdam Partners LLC NY, Sound Point Capital Management LP, Point72 Asset Management L.P., AXA, Loomis Sayles & Co. L P, Chicago Equity Partners LLC and James Investment Research Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Gray Television's stock price today?
One share of GTN stock can currently be purchased for approximately $16.66.
How big of a company is Gray Television?
Gray Television has a market capitalization of $1.50 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.
What is Gray Television's official website?
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 (NYSE 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.
