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Gray Television (GTN)
NYSE:GTN
Gray Television (GTN) Stock Price & Analysis
512 Followers
GTN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.37 - $10.34
Previous Close$5.52
Volume1.21M
Average Volume (3M)1.16M
Market Cap
$578.08M
Enterprise Value$6.79B
Total Cash (Recent Filing)$21.00M
Total Debt (Recent Filing)$6.24B
Price to Earnings (P/E)―
Beta1.13
Next Earnings
Aug 02, 2024EPS Estimate
$0.1Next Dividend Ex-Date
Jun 14, 2024Dividend Yield5.66%
Share Statistics
EPS (TTM)-0.11
Shares Outstanding99,137,547
10 Day Avg. Volume1,229,245
30 Day Avg. Volume1,158,165
Standard Deviation0.15
R-Squared0.32
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)-0.09
Price to Sales (P/S)0.15
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/Ebitda10.19
Forecast
1Y Price Target
$12.25Price Target Upside121.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Gray Television News
Bulls Say, Bears Say
Bulls Say
Advertising GrowthCore advertising grew modestly, benefiting from the strength of the station group and some incremental sports programming.
Financial StrategyGray Television is prioritizing leverage reduction, indicating a focus on financial stability.
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.
Bears Say
Analyst Rating And ForecastAnalyst reiterates an Underweight rating due to retransmission uncertainty and the combination of negative net retransmission growth with high leverage, which poses risks to equity holders.
Financial StabilityGTN ended Q1 with high leverage at 5.63x and $6bn in debt, which raises concerns about the company's capital structure.
Revenue Growth ConcernsFirst-quarter guidance suggests year-over-year core advertising revenue growth below previous estimates, with higher expenses and lower EBITDA.
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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 $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 Aug 02, 2024 which is in 64 days.
How were Gray Television’s earnings last quarter?
Gray Television released its earnings results on May 07, 2024. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.246 by $0.544.
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 5.66%. See more information on Gray Television dividends here
What is Gray Television’s EPS estimate?
Gray Television’s EPS estimate is $0.1.
How many shares outstanding does Gray Television have?
Gray Television has 90,294,785 shares outstanding.
What happened to Gray Television’s price movement after its last earnings report?
Gray Television reported an EPS of $0.79 in its last earnings report, beating expectations of $0.246. Following the earnings report the stock price went up 0.601%.
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 33M.
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Gray Television Stock Smart Score
Underperform
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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$12.25 (121.92% Upside)
$12.25 (121.92% Upside)
Blogger Sentiment
Bullish
GTN Sentiment 66%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 4.0M 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 ▼ 3.0%
Last 30 Days ▼ 3.0%
Last 30 Days ▼ 3.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-20.74%
12-Months-Change
Fundamentals
Return on Equity
1.59%
Trailing 12-Months
Asset Growth
-1.01%
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
Q1 2024
0:00 / 0:00
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GTN Stock 12 Month Forecast
Average Price Target
$12.25
▲(121.92% Upside)
Technical Analysis
Best Analysts Covering GTN
1 Year
1 Year Success Rate
6/18 ratings generated profit
1 Year Average Return
+0.01%
reiterated a buy rating 22 days ago
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