Gray Television (GTN) Stock Price, News & Analysis

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.
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5 Wall Street research analysts have issued 1-year price objectives for Gray Television's stock. Their GTN share price targets range from $7.00 to $19.00. On average, they predict the company's share price to reach $12.80 in the next year. This suggests a possible upside of 121.8% from the stock's current price.
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Gray Television's stock was trading at $8.96 at the beginning of the year. Since then, GTN stock has decreased by 35.6% and is now trading at $5.77.
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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 trading volume, of 1,200,000 shares, the days-to-cover ratio is presently 5.6 days. Approximately 8.2% of the company's shares are short sold.
View Gray Television's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our GTN earnings forecast.

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#".

Gray Television, Inc. (NYSE:GTN) released its quarterly earnings results 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 trailing twelve-month return on equity of 3.76% and a negative net margin of 2.32%. The company's revenue for the quarter was down 19.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.88 EPS.

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 yield of 5.55%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for GTN.

Gray Television (NYSE:GTN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 5.79%. 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.

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

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.

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.

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).

Gray Television's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Diversified Trust Co (0.02%). 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, Richard Lee Boger, Robert Lawrence Smith, Robin Robinson Howell and T L Elder.
View institutional ownership trends.

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.
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