Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Gray Television (GTN)
NYSE:GTN
Gray Television (GTN) Stock Price & Analysis
502 Followers
GTN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.37 - $10.34
Previous Close$5.53
Volume932.38K
Average Volume (3M)1.25M
Market Cap
$571.87M
Enterprise Value$6.78B
Total Cash (Recent Filing)$21.00M
Total Debt (Recent Filing)$6.24B
Price to Earnings (P/E)-4.0
Beta1.13
Next Earnings
May 07, 2024EPS Estimate
$0.07Last Dividend Ex-Date
Mar 14, 2024Dividend Yield5.65%
Share Statistics
EPS (TTM)-1.38
Shares Outstanding97,204,159
10 Day Avg. Volume966,864
30 Day Avg. Volume1,252,701
Standard Deviation0.15
R-Squared0.32
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)-0.09
Price to Sales (P/S)0.56
Price to Cash Flow (P/CF)1.70
P/FCF Ratio0.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.07
Enterprise Value/Gross Profit2.07
Enterprise Value/Ebitda20.73
Forecast
1Y Price Target
$11.63Price Target Upside105.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Gray Television News
PremiumPress Releases
Gray Renews InvestigateTV+ For 2024-2025 Season
PremiumPress Releases
Gray Announces Paydown of Debt
Bulls Say, Bears Say
Bulls Say
Financial PerformanceFourth quarter revenues exceeded estimates while managing lower-than-expected expense levels, leading to profitability that also surpassed projections.
Market PositioningImpressive market positioning with a high share of stations being #1 or #2 in their markets, enabling strong political advertising revenue and sports programming opportunities.
Strategic InvestmentsGTN's investments in sports broadcasting rights for teams like the Phoenix Suns, Atlanta Hawks, and New Orleans Pelicans are seen as aggressive strides into sports, attracting new advertisers and are accretive to earnings.
Bears Say
EarningsFirst-quarter guidance suggests year-over-year core advertising revenue growth below previous estimates, with higher expenses and lower EBITDA.
Financial HealthGTN's net leverage is expected to remain high, with estimates indicating mid-5x leverage until a significant political quarter, which adds risk to the stock.
Stock RatingChallenges include linear churn, slowing retransmission revenue growth, and high programming costs, leading to a reduction in stock rating to MARKET PERFORM.
---
Ownership Overview
38.92% Insiders
21.52% Mutual Funds
18.46% Other Institutional Investors
21.10% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
---
GTN FAQ
What was Gray Television’s price range in the past 12 months?
Gray Television lowest stock price was $5.37 and its highest was $10.34 in the past 12 months.
What is Gray Television’s market cap?
Currently, no data Available
When is Gray Television’s upcoming earnings report date?
Gray Television’s upcoming earnings report date is May 07, 2024 which is in 17 days.
How were Gray Television’s earnings last quarter?
Gray Television released its earnings results on Feb 23, 2024. The company reported -$0.24 earnings per share for the quarter, missing the consensus estimate of -$0.157 by -$0.083.
Is Gray Television overvalued?
According to Wall Street analysts Gray Television’s price is currently Undervalued.
Does Gray Television pay dividends?
Gray Television pays a Quarterly dividend of $0.08 which represents an annual dividend yield of 5.65%. See more information on Gray Television dividends here
What is Gray Television’s EPS estimate?
Gray Television’s EPS estimate is $0.07.
How many shares outstanding does Gray Television have?
Gray Television has 88,284,760 shares outstanding.
What happened to Gray Television’s price movement after its last earnings report?
Gray Television reported an EPS of -$0.24 in its last earnings report, missing expectations of -$0.157. Following the earnings report the stock price went down -22.704%.
Which hedge fund is a major shareholder of Gray Television?
Among the largest hedge funds holding Gray Television’s share is Darsana Capital Partners LP. It holds Gray Television’s shares valued at 47M.
---
Gray Television Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$11.63 (105.66% Upside)
$11.63 (105.66% Upside)
Blogger Sentiment
Neutral
GTN Sentiment 50%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 2.0M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $161.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.3%
Last 30 Days ▼ 7.9%
Last 30 Days ▼ 7.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-31.50%
12-Months-Change
Fundamentals
Return on Equity
-2.82%
Trailing 12-Months
Asset Growth
-3.91%
Trailing 12-Months
Company Description
Gray Television
Gray Television, Inc. is a television broadcasting company, which engages in owning and operating television stations and digital assets in markets throughout the United States. It operates through the following segments: Broadcasting, and Production Companies. The Broadcasting segment operates television stations located across local markets in the United States. The Production Companies segment includes the production of television and event content. The company was founded in January 1897 and is headquartered in Atlanta, GA.
---
GTN Earnings Call
Q4 2024
0:00 / 0:00
---
GTN Stock 12 Months Forecast
Average Price Target
$11.63
▲(105.66% Upside)
Technical Analysis
Best Analysts Covering GTN
1 Year
1 Year Success Rate
7/18 ratings generated profit
1 Year Average Return
+3.64%
reiterated a buy rating 2 months ago
Copying Daniel Kurnos's trades and holding each position for 1 Year would result in 38.89% of your transactions generating a profit, with an average return of +3.64% per trade.
---