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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 Ratio1.85
Current Ratio6.46
Quick Ratio6.46
Price-To-Earnings
Trailing P/E Ratio9.74
Forward P/E Ratio5.73
P/E Growth0.96
Sales & Book Value
Annual Sales$882.73 million
Price / Sales1.15
Cash Flow$2.1111 per share
Price / Cash5.40
Book Value$11.16 per share
Price / Book1.02
Profitability
EPS (Most Recent Fiscal Year)$1.17
Net Income$261.95 million
Net Margins29.97%
Return on Equity11.06%
Return on Assets2.79%
Miscellaneous
Employees3,938
Outstanding Shares88,770,000
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) released its earnings results on Tuesday, May, 8th. The company reported $0.22 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.15 by $0.07. The firm had revenue of $226.26 million for the quarter, compared to analysts' expectations of $225.41 million. Gray Television had a net margin of 29.97% and a return on equity of 11.06%. The company's quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. View Gray Television's Earnings History.
What price target have analysts set for GTN?
7 equities research analysts have issued 1 year target prices for Gray Television's stock. Their forecasts range from $17.00 to $22.00. On average, they anticipate Gray Television's share price to reach $19.1667 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. " (5/22/2018)
- 2. 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)
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?
News coverage about GTN stock has trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gray Television earned a daily sentiment score of 0.11 on Accern's scale. They also assigned media stories about the company an impact score of 47.50 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are Gray Television's major shareholders?
Gray Television's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.79%), Neuberger Berman Group LLC (5.63%), Royal Bank of Canada (4.74%), Victory Capital Management Inc. (2.76%), Loomis Sayles & Co. L P (1.90%) and Penn Capital Management Co. Inc. (1.70%). Company insiders that own Gray Television stock include Harriett J Robinson, Hilton H Howell Jr, Kevin Paul Latek, Richard Lee Boger and T L Elder. 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 Point72 Asset Management L.P., Federated Investors Inc. PA, Sound Point Capital Management LP, Neuberger Berman Group LLC, Virginia Retirement Systems ET AL, JPMorgan Chase & Co., Schroder Investment Management Group and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for Gray Television.
Which institutional investors are buying Gray Television stock?
GTN stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Stifel Financial Corp, Royal Bank of Canada, Jupiter Asset Management Ltd., Allianz Asset Management GmbH, Allianz Asset Management GmbH, Highbridge Capital Management LLC and Hussman Strategic Advisors Inc.. 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 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 $11.40.
How big of a company is Gray Television?
Gray Television has a market capitalization of $1.01 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 $19.1667, suggesting that the stock has a possible upside of 68.13%. 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: | $19.1667 | $19.3333 | $18.8333 | $18.80 |
| Price Target Upside: | 68.13% upside | 42.47% upside | 23.50% upside | 27.89% upside |
Gray Television (NYSE:GTN) Consensus Price Target History
Gray Television (NYSE:GTN) Analyst Ratings History
Show:
(Data available from 5/26/2016 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: 83.52%
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
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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 Saturday, May, 26, 2018
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