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Gray Television, Inc. (GTN)

NYSE: GTN · Delayed Price · USD
21.76 0.06 (0.28%)
Sep 17, 2021 4:00 PM EDT - Market closed
Market Cap2.07B
Revenue (ttm)2.49B
Net Income (ttm)372.00M
Shares Out95.00M
EPS (ttm)3.90
PE Ratio5.59
Forward PE5.88
Dividend$0.16 (0.74%)
Ex-Dividend DateSep 14, 2021
Volume912,527
Open21.70
Previous Close21.70
Day's Range21.46 - 22.03
52-Week Range11.82 - 24.34
Beta2.07
AnalystsStrong Buy
Price Target29.14 (+33.9%)
Est. Earnings DateNov 4, 2021

About GTN

Gray Television, Inc., a television broadcast company, owns and/or operates television stations and digital assets in the United States. The company also broadcasts secondary digital channels affiliated to ABC, CBS, and FOX, as well as channels affiliated with various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Justice, Circle, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets. In addition, it is also involved ...

IndustryMedia
Founded1897
CEOHilton Howell
Employees7,017
Stock ExchangeNYSE
Ticker SymbolGTN
Full Company Profile

Financial Performance

In 2020, GTN's revenue was $2.38 billion, an increase of 12.21% compared to the previous year's $2.12 billion. Earnings were $410.00 million, an increase of 129.05%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for GTN stock is "Strong Buy." The 12-month stock price forecast is 29.14, which is an increase of 33.92% from the latest price.

Price Target
$29.14
(33.92% upside)
Analyst Consensus: Strong Buy

News

Gray Television Purchases Third Rail Studios

ATLANTA, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN ) announced today that it has purchased Third Rail Studios in Doraville, Georgia, from The Integral Group for $27.5 ...

6 days ago - GlobeNewsWire

Gray Television Stations Partner with Salvation Army to ‘Lift Up Louisiana' for Hurricane Ida Relief Efforts

ATLANTA, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE:GTN) announced today that its portfolio of top local news television stations across 103 markets in the United States wil...

2 weeks ago - GlobeNewsWire

Gray Television Honored with Eight National Edward R. Murrow Awards

ATLANTA, Aug. 17, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray ” ) (NYSE: GTN) announced today that the Radio Television Digital News Association (RTDNA) has selected five of its television sta...

1 month ago - GlobeNewsWire

Gray Television (GTN) Q2 Earnings Miss Estimates

Gray Television (GTN) delivered earnings and revenue surprises of -15.63% and 2.45%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE

ATLANTA, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray” ) (NYSE: GTN) announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its comm...

1 month ago - GlobeNewsWire

Gray Reports Second Quarter Operating Results

ATLANTA, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the second quarter ended June 30, 2021. We experienced st...

1 month ago - GlobeNewsWire

Gray Television Promotes Three Human Resources Veterans

ATLANTA, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (NYSE: GTN) announced today its promotion of three of its talented human resources experts to support the continued growth of the company.

1 month ago - GlobeNewsWire

Charity Holman Promoted to General Manager of WVVA in Bluefield, WV

ATLANTA, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) has promoted Charity Holman to the position of General Manager of WVVA (NBC) in Bluefield, West Virginia. Charity su...

1 month ago - GlobeNewsWire

Gray Television (GTN) Earnings Expected to Grow: Should You Buy?

Gray Television (GTN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

GRAY CHANGES TIME OF SECOND QUARTER EARNINGS RELEASE AND EARNINGS CONFERENCE CALL

ATLANTA, July 23, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (NYSE: GTN) today announced that it has changed the time of its earnings results for the quarter ending June 30, 2021 on Thursday, August...

1 month ago - GlobeNewsWire

Allen Media Group Pays $70M To Acquire Gray Television's WJRT, An ABC Affiliate In Michigan

Allen Media Group is continuing its run of local TV station acquisitions, paying $70 million to Gray Television for WJRT, an ABC affiliate in Flint-Saginaw, MI. The deal for Byron Allen's company follow...

2 months ago - Deadline

Gray Sets Date for Second Quarter Earnings Release and Earnings Conference Call

ATLANTA, July 14, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (NYSE: GTN) today announced that it will release its earnings results for the quarter ending June 30, 2021 on Thursday, August 5, 2021.

2 months ago - GlobeNewsWire

3 Stocks With Low 12-Month and Forward PEG Ratios

When screening the market for bargain opportunities, investors could be interested in the following three securities, as they appear to be underestimated by the market. Their trailing 12-month and forwa...

Other symbols:GEFMARA
3 months ago - GuruFocus

Gray Television Forms New Sports and Entertainment Revenue Group

ATLANTA, June 18, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) has formed a new sales and sponsorship entity called Gray Sports + Entertainment Sales to represent the company's in...

3 months ago - GlobeNewsWire

GRAY AMENDS MERGER AGREEMENT WITH MEREDITH CORPORATION

ATLANTA, June 03, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today confirmed that Meredith Corporation (“Meredith”) recently informed Gray that, after announcing the definitive ...

3 months ago - GlobeNewsWire

Meredith Corporation Accepts Revised Proposal From Gray Television To Acquire Local Media Group

DES MOINES, Iowa, June 3, 2021 /PRNewswire/ -- Meredith Corporation (NYSE: MDP) today announced that it has accepted a revised proposal from Gray Television, Inc. (NYSE: GTN) to acquire Meredith's Local...

Other symbols:MDP
3 months ago - PRNewsWire

Gray Television (GTN) Hits Fresh High: Is There Still Room to Run?

Gray Television (GTN) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

3 months ago - Zacks Investment Research

Here's What Could Help Gray Television (GTN) Maintain Its Recent Price Strength

Gray Television (GTN) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through o...

3 months ago - Zacks Investment Research

3 Stocks Trading Below the GF Value Line

When looking for bargain opportunities as a value investor, you may want to consider the following securities as their share prices are trading near or below the intrinsic value estimated by the GF Valu...

Other symbols:GNWIAG
4 months ago - GuruFocus

MEREDITH INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of ...

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Meredith Corporati...

Other symbols:MDP
4 months ago - Business Wire

5 Mid-Cap Stocks That Reported Solid Q1 Results

Diversify your portfolio to include some mid-cap stocks.

Other symbols:ANDEARCBMEDRCII
4 months ago - Zacks Investment Research

RTDNA Awards 57 Regional Edward R. Murrow Awards to 26 Gray Television Stations

Atlanta, May 06, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray ” ) (NYSE: GTN) announced today that the Radio Television Digital News Association (RTDNA) awarded a combined 57 regional Edward R....

4 months ago - GlobeNewsWire

Here Is Why Bargain Hunters Would Love Fast-paced Mover Gray Television (GTN)

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Gray Television (GTN) could be a great choice. It is one of the several stocks that pa...

4 months ago - Zacks Investment Research

Gray Television (GTN) Beats Q1 Earnings and Revenue Estimates

Gray Television (GTN) delivered earnings and revenue surprises of 80.00% and 2.40%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Gray Television In Major Expansion Is Buying Meredith's Station Group For $2.7 Billion

Gray Television announced Monday a giant leap forward in a deal to acquire Meredith Corp.'s local media group — comprising 17 stations — for $2.7 billion in a deal that Grey said will transform it into ...

Other symbols:MDP
4 months ago - Deadline