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Gray Television (GTN)
NYSE:GTN
GTN Stock Chart & Stats
Day’s Range― - ―
52-Week Range$2.91 - $9.95
Previous CloseN/A
Volume254.08K
Average Volume (3M)1.49M
Market Cap
$404.65M
Enterprise Value$7.07B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)2.5
Beta0.85
Next Earnings
Feb 27, 2025EPS Estimate
1.21Last Dividend Ex-Date
Dec 13, 2024Dividend Yield8.65%
Share Statistics
EPS (TTM)1.50
Shares Outstanding90,824,450
10 Day Avg. Volume1,005,086
30 Day Avg. Volume1,487,697
Standard Deviation0.15
R-Squared0.23
Alpha-0.03
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.11
Price to Cash Flow (P/CF)0.30
P/FCF Ratio0.30
Enterprise Value/Market Cap17.46
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit7.87
Enterprise Value/Ebitda6.68
Forecast
1Y Price Target
$6.75Price Target Upside82.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
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Gray Television News
PremiumCompany Announcements
Gray Television Reports Strong Q3 Results and Debt Reduction---
Bulls Say, Bears Say
Bulls Say
Affiliation AgreementThe company’s affiliation agreement with ABC stations was renewed through 2028, comprising 25 markets across the country.
Debt ManagementThe company has been repurchasing debt below par, which has been an efficient means to reduce the debt load.
Financial PerformanceLower-than-expected expense levels supported profitability, with EBITDA of $338 million, ahead of our estimate.
Bears Say
DividendsCutting/eliminating the dividends was a continuous topic on the call, and management and its capital providers do not currently see eye-to-eye.
Financial PerformanceThird quarter revenues of $950 million were below our $966 million estimate.
LeverageThe trends worry investors because of GTN's 5.6x leverage ratio, with longer-term delevering requiring a solid performance.
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Ownership Overview
16.39% Insiders
17.49% Mutual Funds
0.04% Other Institutional Investors
52.20% 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.
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GTN FAQ
What was Gray Television’s price range in the past 12 months?
Gray Television lowest stock price was $2.91 and its highest was $9.95 in the past 12 months.
What is Gray Television’s market cap?
Gray Television’s market cap is $404.65M.
When is Gray Television’s upcoming earnings report date?
Gray Television’s upcoming earnings report date is Feb 27, 2025 which is in 22 days.
How were Gray Television’s earnings last quarter?
Gray Television released its earnings results on Nov 08, 2024. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.948 by -$0.088.
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 $0.079 which represents an annual dividend yield of 8.65%. See more information on Gray Television dividends here
What is Gray Television’s EPS estimate?
Gray Television’s EPS estimate is 1.21.
How many shares outstanding does Gray Television have?
Gray Television has 90,824,450 shares outstanding.
What happened to Gray Television’s price movement after its last earnings report?
Gray Television reported an EPS of $0.86 in its last earnings report, missing expectations of $0.948. Following the earnings report the stock price went down -26.102%.
Which hedge fund is a major shareholder of Gray Television?
Among the largest hedge funds holding Gray Television’s share is Gamco Investors, Inc. ET AL. It holds Gray Television’s shares valued at 2M.
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Gray Television Stock Smart Score
Underperform
1
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3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$6.75 (82.43% Upside)
$6.75 (82.43% Upside)
Blogger Sentiment
Bullish
GTN Sentiment 80%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 4.1M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $848.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.6%
Last 30 Days ▲ 3.8%
Last 30 Days ▲ 3.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-56.86%
12-Months-Change
Fundamentals
Return on Equity
7.25%
Trailing 12-Months
Asset Growth
-0.97%
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.
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GTN Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
Gray Media achieved significant revenue and EBITDA growth, along with notable debt reduction and digital ad sales success. However, challenges in political ad revenue, core ad revenue projections, and external factors like hurricanes and sub losses present concerns.Read More>---
GTN Stock 12 Month Forecast
Average Price Target
$6.75
▲(82.43% Upside)
Technical Analysis
Best Analysts Covering GTN
1 Year
1 Year Success Rate
10/14 ratings generated profit
1 Year Average Return
+10.96%
reiterated a sell rating 10 days ago
Copying Steven Cahall's trades and holding each position for 1 Year would result in 71.43% of your transactions generating a profit, with an average return of +10.96% per trade.
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