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Mid-Cap Stocks to Outperform the Market This Cycle
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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
NYSE:GTN

Gray Television (GTN) Stock Price, News & Analysis

$6.22
+0.21 (+3.49%)
(As of 03/27/2024 ET)
Today's Range
$6.07
$6.23
50-Day Range
$5.62
$9.97
52-Week Range
$5.44
$10.69
Volume
1.79 million shs
Average Volume
1.20 million shs
Market Capitalization
$605.07 million
P/E Ratio
N/A
Dividend Yield
5.14%
Price Target
$12.80

Gray Television MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
105.6% Upside
$12.80 Price Target
Short Interest
Bearish
6.45% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$3,579 Bought Last Quarter
Proj. Earnings Growth
Decreasing
From $3.78 to ($1.17) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.70 out of 5 stars

Consumer Discretionary Sector

15th out of 266 stocks

Television Broadcasting Stations Industry

1st out of 10 stocks

GTN stock logo

About Gray Television Stock (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, Circle, Telemundo, THE365, and Outlaw; and local news/weather channels in various markets. It owns and operates television stations and digital assets that serve 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 Price History

GTN Stock News Headlines

GTN Apr 2024 5.000 call
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GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE
Q4 2023 Gray Television Inc Earnings Call
Why Gray Television Stock Tanked Today
Earnings Outlook For Gray Television
Gray Television Q4 2023 Earnings Preview
Gray Television, Inc. Class A
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Last Earnings
2/23/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Today
3/27/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
5/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
N/A
Employees
9,923
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$12.80
High Stock Price Target
$19.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+105.6%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$-76,000,000.00
Pretax Margin
-2.50%

Debt

Sales & Book Value

Annual Sales
$3.28 billion
Cash Flow
$4.04 per share
Book Value
$20.66 per share

Miscellaneous

Free Float
86,375,000
Market Cap
$605.07 million
Optionable
Optionable
Beta
1.56
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Key Executives

  • Mr. Hilton Hatchett Howell Jr. (Age 62)
    Executive Chairman & CEO
    Comp: $3.53M
  • Mr. Donald Patrick LaPlatney (Age 64)
    President, Co-CEO & Director
    Comp: $2.86M
  • Mr. James C. Ryan (Age 63)
    Executive VP & CFO
    Comp: $2.02M
  • Mr. Kevin P. Latek (Age 53)
    Executive VP, Chief Legal & Development Officer and Secretary
    Comp: $1.99M
  • Ms. McNamara Sandra Breland (Age 61)
    Executive VP & COO
  • Mr. Jackson S. Cowart IV
    Senior VP & Chief Accounting Officer
  • Mr. David Burke
    Senior VP & Chief Technology Officer
  • Ms. Charlie Effinger
    Vice President of Corporate Development
  • Mr. Mike King
    Senior Managing VP & Chief Marketing Officer
  • Mr. Garrett Pope
    Senior VP of Sales Operations

GTN Stock Analysis - Frequently Asked Questions

Should I buy or sell Gray Television stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gray Television in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

5 Wall Street analysts have issued twelve-month target prices for Gray Television's shares. Their GTN share price targets range from $7.00 to $19.00. On average, they anticipate the company's share price to reach $12.80 in the next twelve months. This suggests a possible upside of 105.6% 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 2024?

Gray Television's stock was trading at $8.96 at the beginning of the year. Since then, GTN stock has decreased by 30.5% and is now trading at $6.2250.
View the best growth stocks for 2024 here
.

Are investors shorting Gray Television?

Gray Television saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 5,760,000 shares, an increase of 10.3% from the January 31st total of 5,220,000 shares. Based on an average daily volume of 1,080,000 shares, the short-interest ratio is presently 5.3 days. Currently, 7.1% of the company's stock are short sold.
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, May 3rd 2024.
View our GTN earnings forecast
.

How were Gray Television's earnings last quarter?

Gray Television, Inc. (NYSE:GTN) posted its earnings results on Friday, February, 23rd. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by $0.08. The company had revenue of $864 million for the quarter, compared to the consensus estimate of $863.31 million. Gray Television had a negative net margin of 2.32% and a negative trailing twelve-month return on equity of 3.76%. The company's revenue for the quarter was down 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.88 earnings per share.

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

Gray Television announced a quarterly dividend on Monday, February 26th. Shareholders of record on Friday, March 15th will be given a dividend of $0.08 per share on Thursday, March 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date is Thursday, March 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 5.29%. GTN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for GTN.

What ETFs hold Gray Television's stock?

ETFs with the largest weight of Gray Television (NYSE:GTN) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

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

Gray Television issued an update on its first quarter 2024 earnings guidance on Friday, February, 23rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $810.0 million-$830.0 million, compared to the consensus revenue estimate of $875.0 million.

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).

Who are Gray Television's major shareholders?

Gray Television's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.40%), Vanguard Group Inc. (5.30%), Capital Management Corp VA (3.24%), Charles Schwab Investment Management Inc. (2.33%), Penn Capital Management Company LLC (1.91%) and Clearbridge Investments LLC (1.34%). 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, Robin Robinson Howell and T L Elder.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GTN) was last updated on 3/28/2024 by MarketBeat.com Staff

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