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Gray Television (GTN)
NYSE:GTN
Holding GTN?
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GTN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$4.15 - $10.07
Previous Close$5.21
Volume1.44M
Average Volume (3M)1.59M
Market Cap
$553.40M
Enterprise Value$6.69B
Total Cash (Recent Filing)$75.00M
Total Debt (Recent Filing)$6.21B
Price to Earnings (P/E)67.8
Beta1.48
Next Earnings
Nov 07, 2024EPS Estimate
$0.95Next Dividend Ex-Date
Sep 13, 2024Dividend Yield6.57%
Share Statistics
EPS (TTM)0.08
Shares Outstanding99,667,209
10 Day Avg. Volume1,713,479
30 Day Avg. Volume1,593,007
Standard Deviation0.15
R-Squared0.29
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)-0.08
Price to Sales (P/S)0.15
Price to Cash Flow (P/CF)6.70
P/FCF Ratio4.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.02
Enterprise Value/Gross Profit2.04
Enterprise Value/Ebitda7.40
Forecast
1Y Price Target
$7.67Price Target Upside47.22% Upside
Rating ConsensusHold
Number of Analyst Covering4
Gray Television News
PremiumCompany Announcements
Gray Television Initiates Investor Outreach with Presentations
Bulls Say, Bears Say
Bulls Say
Financial FlexibilityGTN has flexibility on its liquidity, paying dividends, investing and buying debt in the open market.
Market PositionGray Television has a very high share of stations that are #1 or #2 in their markets, with 102 out of 113 markets served.
Sector LeadershipGray is a high-quality TV broadcaster whose dominance in its local markets and excellent cost controls position it well within its sector and enable industry-leading shares of political dollars.
Bears Say
Advertising TrendsCore ad trends were softer than the company’s guidance provided in May, and down versus a year ago.
Financial PerformanceLeverage of 5.9x in 2Q24 is expected to start to decline, but our YE'24 estimate is still elevated at 5.3x.
Investor ConfidenceThe refi process has caused significant event risk with investors.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
GTN FAQ
What was Gray Television’s price range in the past 12 months?
Gray Television lowest stock price was $4.15 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 Nov 07, 2024 which is in 75 days.
How were Gray Television’s earnings last quarter?
Gray Television released its earnings results on Aug 08, 2024. The company reported $0.09 earnings per share for the quarter, the consensus estimate of $0.09 by $0.
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 6.57%. See more information on Gray Television dividends here
What is Gray Television’s EPS estimate?
Gray Television’s EPS estimate is $0.95.
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 $0.09 in its last earnings report, expectations of $0.09. Following the earnings report the stock price went down -14.639%.
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 21M.
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Gray Television Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$7.67 (47.22% Upside)
$7.67 (47.22% Upside)
Blogger Sentiment
Bullish
GTN Sentiment 80%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Decreased
By 1.8M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 2.6%
Last 30 Days ▼ 2.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-31.15%
12-Months-Change
Fundamentals
Return on Equity
2.25%
Trailing 12-Months
Asset Growth
-1.63%
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 Company Deck
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GTN Earnings Call
Q2 2024
0:00 / 0:00
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GTN Stock 12 Month Forecast
Average Price Target
$7.67
▲(47.22% Upside)
Technical Analysis
Best Analysts Covering GTN
1 Year
1 Year Success Rate
7/17 ratings generated profit
1 Year Average Return
+0.06%
reiterated a buy rating 16 days ago
Copying Daniel Kurnos's trades and holding each position for 1 Year would result in 41.18% of your transactions generating a profit, with an average return of +0.06% per trade.
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