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Gray Television (GTN)
NYSE:GTN
GTN Stock Chart & Stats
Day’s Range― - ―
52-Week Range$2.91 - $8.05
Previous CloseN/A
Volume254.08K
Average Volume (3M)1.16M
Market Cap
$424.05M
Enterprise Value$7.07B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)2.7
Beta0.74
Next Earnings
Feb 27, 2025EPS Estimate
1.26Last Dividend Ex-Date
Dec 13, 2024Dividend Yield7.8%
Share Statistics
EPS (TTM)1.50
Shares Outstanding90,824,450
10 Day Avg. Volume1,269,977
30 Day Avg. Volume1,157,830
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)0.12
Price to Cash Flow (P/CF)0.30
P/FCF Ratio0.30
Enterprise Value/Market Cap16.66
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit7.87
Enterprise Value/Ebitda6.68
Forecast
1Y Price Target
$4.00Price Target Upside0.00%
Rating ConsensusModerate Sell
Number of Analyst Covering2
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Bulls Say, Bears Say
Bulls Say
Affiliation Agreement RenewalThe 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.
ProfitabilityLower-than-expected expense levels supported profitability, with EBITDA of $338 million, ahead of estimates.
Bears Say
Dividend ConcernsCutting/eliminating the dividends was a continuous topic on the call, with management and its capital providers not currently seeing eye-to-eye.
Leverage ConcernsLeverage remains elevated due to slowing retransmission growth and an ad environment that has been choppy along with some disappointing political revenue results.
Revenue ExpectationsThird quarter revenues of $950 million were below the $966 million estimate, leading to disappointment.
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Ownership Overview
16.33% Insiders
17.13% Mutual Funds
23.05% Other Institutional Investors
29.65% 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 $8.04 in the past 12 months.
What is Gray Television’s market cap?
Gray Television’s market cap is $424.05M.
When is Gray Television’s upcoming earnings report date?
Gray Television’s upcoming earnings report date is Feb 27, 2025 which is in 5 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 same.
Does Gray Television pay dividends?
Gray Television pays a Quarterly dividend of $0.079 which represents an annual dividend yield of 7.8%. See more information on Gray Television dividends here
What is Gray Television’s EPS estimate?
Gray Television’s EPS estimate is 1.26.
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?
Currently, no hedge funds are holding shares in GTN
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Gray Television Stock Smart Score
Underperform
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9
10
Analyst Consensus
Moderate Sell
Average Price Target:
$4.00 (0.00% )
$4.00 (0.00% )
Blogger Sentiment
Bullish
GTN Sentiment 80%
Sector Average 72%
Sector Average 72%
Insider Transactions
Sold Shares
Worth $848.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 4.3%
Last 30 Days ▼ 3.9%
Last 30 Days ▼ 3.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-47.11%
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
$4.00
▲(0.00% Upside)
Technical Analysis
Best Analysts Covering GTN
1 Year
1 Year Success Rate
10/14 ratings generated profit
1 Year Average Return
+12.07%
reiterated a sell rating 26 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 +12.07% per trade.
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