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 twelve months. 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 equities research analysts have issued 12-month price objectives for Gray Television's shares. Their GTN share price targets range from $7.00 to $19.00. On average, they predict the company's stock price to reach $12.80 in the next twelve months. This suggests a possible upside of 126.1% 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 on January 1st, 2024. Since then, GTN shares have decreased by 36.8% and is now trading at $5.66. View the best growth stocks for 2024 here .

Are investors shorting Gray Television?

Gray Television saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 6,690,000 shares, an increase of 26.2% from the March 15th total of 5,300,000 shares. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is currently 5.6 days. Approximately 8.2% of the company's shares are sold short. 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 Tuesday, May 7th 2024. View our GTN earnings forecast .

How can I listen to Gray Television's earnings call?

Gray Television will be holding an earnings conference call on Tuesday, May 7th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 888-556-3470 with passcode "898476#".

How were Gray Television's earnings last quarter?

Gray Television, Inc. (NYSE:GTN) issued its quarterly earnings data on Friday, February, 23rd. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.16) by $0.08. The company earned $864 million during the quarter, compared to analysts' expectations 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 quarterly revenue was down 19.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.88 EPS.

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 paid a dividend of $0.08 per share on Thursday, March 28th. This represents a $0.32 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend 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 5.76%. 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 ETF holds Gray Television's stock?

Roundhill Acquirers Deep Value ETF holds 50,951 shares of GTN stock, representing 1.10% of its portfolio.

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

Gray Television updated its first quarter 2024 earnings guidance on Friday, February, 23rd. The company provided earnings per share (EPS) 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) .

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 .

NYSE:GTN

Gray Television (GTN) Stock Price, News & Analysis

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$5.66

+0.10 (+1.80%)

(As of 04/15/2024 ET)

Compare

Today's Range: $5.53
▼
$5.84
50-Day Range: $5.56
▼
$8.77
52-Week Range: $5.44
▼
$10.69

Volume: 939,991 shs
Average Volume: 1.08 million shs
Market Capitalization: $550.15 million

P/E Ratio: N/A
Dividend Yield: 5.65%
Price Target: $12.80

Get Gray Television alerts:

Gray Television MarketRank™ Stock Analysis

Analyst Rating: Hold
2.20 Rating Score
Upside/Downside: 126.1% Upside
$12.80 Price Target
Short Interest: Bearish
8.18% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -0.74
Upright™ Environmental Score
News Sentiment: 0.39
Based on 6 Articles This Week
Insider Trading: Acquiring Shares
$80,900 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.

4.36 out of 5 stars

Consumer Discretionary Sector

48th out of 267 stocks

Television Broadcasting Stations Industry

1st out of 11 stocks

3.1

Analyst's Opinion

Consensus Rating
Gray Television has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 2 buy ratings, 2 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Gray Television has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
8.18% of the float of Gray Television has been sold short.
Short Interest Ratio / Days to Cover
Gray Television has a short interest ratio ("days to cover") of 5.6.
Change versus previous month
Short interest in Gray Television has recently increased by 26.23%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
Gray Television is a leading dividend payer. It pays a dividend yield of 5.76%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Gray Television does not have a long track record of dividend growth.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Gray Television has received a 32.05% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is false driven by its "Broadcasting of television news programs" and "Television advertisements" products. See details.
Environmental Sustainability
The Environmental Impact score for Gray Television is -0.74.

1.9

News and Social Media Coverage

News Sentiment
Gray Television has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Gray Television this week, compared to 3 articles on an average week.
Search Interest
Only 2 people have searched for GTN on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Gray Television to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Gray Television insiders have bought more of their company's stock than they have sold. Specifically, they have bought $80,900.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
13.83% of the stock of Gray Television is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
78.64% of the stock of Gray Television is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Gray Television are expected to decrease in the coming year, from $3.78 to ($1.17) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Gray Television is -4.07, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Gray Television is -4.07, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Gray Television has a PEG Ratio of 0.15. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Gray Television has a P/B Ratio of 0.27. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

GTN Stock News Headlines

April 2, 2024 | insidertrades.com

Gray Television, Inc. (NYSE:GTN) CEO Hilton H. Howell, Jr. Acquires 10,000 Shares

April 13, 2024 | msn.com

Waymark’s Ai Video Advertising Platform Now in 90%+ of U.S. Markets

April 16, 2024 | InvestorPlace (Ad)

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10 Underperforming Stocks Insiders are Buying

April 9, 2024 | globenewswire.com

GRAY SETS DATE FOR FIRST QUARTER EARNINGS RELEASE AND EARNINGS CONFERENCE CALL

April 5, 2024 | globenewswire.com

Gray Announces Paydown of Debt

April 4, 2024 | globenewswire.com

Gray Promotes Peter Zampa to Senior National Correspondent

April 4, 2024 | msn.com

Grey’s Anatomy Was Renewed For Season 21, And The Responses On Social Are Wild

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April 4, 2024 | msn.com

WIFR, Gray Television stations to stream live solar eclipse coverage

April 4, 2024 | msn.com

Gray Television will share market research with CBS-owned TV stations

April 3, 2024 | msn.com

Local News Live, Gray Stations to stream continuous live eclipse coverage

April 3, 2024 | msn.com

Grey's Anatomy Shake-Up: *None* of the Vets Are Signed On for Season 21 Yet

April 3, 2024 | globenewswire.com

Local News Live and Gray Stations to Stream Continuous Live Eclipse Coverage

April 3, 2024 | msn.com

Grey’s Anatomy To Return For Record-Breaking Season 21

April 3, 2024 | msn.com

Grey's Anatomy future revealed after season 20

April 3, 2024 | forbes.com

‘Grey’s Anatomy’ Greenlit For Season 21 By ABC

April 2, 2024 | globenewswire.com

Gray to Provide Research and Consulting Services to CBS Owned and Operated Television Stations

April 2, 2024 | seekingalpha.com

Gray Television: Tune In To The Main Event

April 2, 2024 | finance.yahoo.com

Gray Television’s BEAT THE ODDS and SportsGrid Launch Partnership for National Syndication of Five Sports Betting Specials

April 2, 2024 | finance.yahoo.com

Gray Television’s BEAT THE ODDS and SportsGrid Launch Partnership for National Syndication of Five Sports Betting Specials

April 2, 2024 | globenewswire.com

Gray Television's BEAT THE ODDS and SportsGrid Launch Partnership for National Syndication of Five Sports Betting Specials

March 29, 2024 | msn.com

Grey’s Anatomy Recap: The Blame Game

March 28, 2024 | msn.com

What’s on TV tonight: Big Mood, Grey’s Anatomy and more

March 28, 2024 | yahoo.com

The 21 Wildest ‘Grey’s Anatomy’ Scenes

March 28, 2024 | msn.com

Gray Television to Air Arena Football League Local Games

March 28, 2024 | globenewswire.com

Gray Television Partners with Revamped Arena Football League to Bring Local Spring Football to Viewers Free Over-The-Air Starting April 27

See More Headlines

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Company Calendar

Last Earnings: 2/23/2024
Ex-Dividend for 3/28 Dividend: 3/14/2024
Dividend Payable: 3/28/2024
Today: 4/15/2024
Next Earnings (Confirmed): 5/07/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Consumer Discretionary
Industry: Television broadcasting stations
Sub-Industry: N/A
Current Symbol: NYSE:GTN
CUSIP: N/A
CIK: 43196
Web: www.gray.tv
Phone: (404) 266-8333
Fax: 404-261-9607
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: +126.1%
Consensus Rating: Hold
Rating Score (0-4): 2.20
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.39)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 1.50
P/E Growth: 0.15
Net Income: $-76,000,000.00
Net Margins: -2.32%
Pretax Margin: -2.50%
Return on Equity: -3.76%
Return on Assets: -0.71%

Debt

Debt-to-Equity Ratio: 3.12
Current Ratio: 1.18
Quick Ratio: 1.18

Sales & Book Value

Annual Sales: $3.28 billion
Price / Sales: 0.17
Cash Flow: $4.01 per share
Price / Cash Flow: 1.41
Book Value: $20.66 per share
Price / Book: 0.27

Miscellaneous

Outstanding Shares: 97,204,000
Free Float: 83,761,000
Market Cap: $550.17 million
Optionable: Optionable
Beta: 1.57

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Key Executives

Mr. Hilton Hatchett Howell Jr. (Age 62)
Executive Chairman & CEO
Comp: $4.8M
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
Ms. Jan Goldstein
Senior Vice President of Human Resources
Mr. Matt Jaquint
Senior Managing VP & Chief Revenue Officer
Becky Meyer
Senior Vice President of National Sales
Ms. Sabra Cowart
Senior Vice President of Financial Reporting

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 twelve months. 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 equities research analysts have issued 12-month price objectives for Gray Television's shares. Their GTN share price targets range from $7.00 to $19.00. On average, they predict the company's stock price to reach $12.80 in the next twelve months. This suggests a possible upside of 126.1% 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 on January 1st, 2024. Since then, GTN shares have decreased by 36.8% and is now trading at $5.66.
View the best growth stocks for 2024 here.
Are investors shorting Gray Television?: Gray Television saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 6,690,000 shares, an increase of 26.2% from the March 15th total of 5,300,000 shares. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is currently 5.6 days. Approximately 8.2% of the company's shares are sold short.
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 Tuesday, May 7th 2024.
View our GTN earnings forecast.
How can I listen to Gray Television's earnings call?: Gray Television will be holding an earnings conference call on Tuesday, May 7th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 888-556-3470 with passcode "898476#".
How were Gray Television's earnings last quarter?: Gray Television, Inc. (NYSE:GTN) issued its quarterly earnings data on Friday, February, 23rd. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.16) by $0.08. The company earned $864 million during the quarter, compared to analysts' expectations 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 quarterly revenue was down 19.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.88 EPS.
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 paid a dividend of $0.08 per share on Thursday, March 28th. This represents a $0.32 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend 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 5.76%. 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 ETF holds Gray Television's stock?: Roundhill Acquirers Deep Value ETF holds 50,951 shares of GTN stock, representing 1.10% of its portfolio.
What guidance has Gray Television issued on next quarter's earnings?: Gray Television updated its first quarter 2024 earnings guidance on Friday, February, 23rd. The company provided earnings per share (EPS) 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).
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 4/16/2024 by MarketBeat.com Staff

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Gray Television (GTN) Stock Price, News & Analysis

Gray Television MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Gray Television Stock (NYSE:GTN)

GTN Stock Price History

GTN Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

GTN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™