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Gray Television (GTN)
NYSE:GTN
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GTN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$3.95 - $10.07
Previous Close$4.44
Volume855.83K
Average Volume (3M)1.19M
Market Cap
$499.45M
Enterprise Value$6.40B
Total Cash (Recent Filing)$69.00M
Total Debt (Recent Filing)$5.96B
Price to Earnings (P/E)3.1
Beta0.68
Next Earnings
Feb 21, 2025EPS Estimate
$1.31Next Dividend Ex-Date
Dec 13, 2024Dividend Yield6.82%
Share Statistics
EPS (TTM)1.50
Shares Outstanding99,667,209
10 Day Avg. Volume2,208,370
30 Day Avg. Volume1,189,329
Standard Deviation0.15
R-Squared0.27
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)0.21
Price to Sales (P/S)0.13
Price to Cash Flow (P/CF)0.40
P/FCF Ratio0.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.85
Enterprise Value/Gross Profit7.12
Enterprise Value/Ebitda5.98
Forecast
1Y Price Target
$6.75Price Target Upside55.17% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Gray Television News
Bulls Say, Bears Say
Bulls Say
Debt ManagementThe company has been repurchasing debt below par, which has been an efficient means to reduce the debt load.
Market EnvironmentA more favorable Broadcast environment under the new FCC modestly improves the target EV/EBITDA multiple.
ProfitabilityLower-than-expected expense levels supported profitability, with EBITDA of $338 million, ahead of analyst estimates.
Bears Say
Dividend PolicyCutting or eliminating dividends was a major discussion point, with management and capital providers currently not in agreement.
Financial PerformanceThird quarter revenues of $950 million were below the $966 million estimate, leading to disappointment among investors.
Investor ConcernsThere is investor angst due to GTN's 5.6x leverage ratio, with concerns about the company's ability to deliver strong performance for long-term deleveraging.
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Ownership Overview
16.69% Insiders
18.60% Mutual Funds
17.33% Other Institutional Investors
32.94% 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 $3.95 and its highest was $10.07 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 Feb 21, 2025 which is in 93 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 $0.08 which represents an annual dividend yield of 6.82%. See more information on Gray Television dividends here
What is Gray Television’s EPS estimate?
Gray Television’s EPS estimate is $1.31.
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 -26.079%.
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 22M.
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Gray Television Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$6.75 (55.17% Upside)
$6.75 (55.17% Upside)
Blogger Sentiment
Bullish
GTN Sentiment 66%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 304.0 Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 0.6%
Last 30 Days ▲ 1.4%
Last 30 Days ▲ 1.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-41.66%
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
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GTN Stock 12 Month Forecast
Average Price Target
$6.75
▲(55.17% Upside)
Technical Analysis
Best Analysts Covering GTN
1 Year
1 Year Success Rate
6/18 ratings generated profit
1 Year Average Return
-3.64%
assigned a buy rating 9 days ago
Copying Daniel Kurnos's trades and holding each position for 1 Year would result in 33.33% of your transactions generating a profit, with an average return of -3.64% per trade.
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