GTN - Gray Television Inc Stock Price, Fair Value and News

6.55USD-0.10 (-1.50%)Delayed

Market Summary

USD6.55-0.10

Delayed

-1.50%

GTN Alerts

Big jump in Earnings (Y/Y)

GTN Stock Price

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GTN RSI Chart

GTN Valuation

Market Cap

615.7M

Price/Earnings (Trailing)

20.52

Price/Sales (Trailing)

0.19

EV/EBITDA

9.81

Price/Free Cashflow

19.24

GTN Price/Sales (Trailing)

GTN Profitability

EBT Margin

2.39%

Return on Equity

1.46%

Return on Assets

0.28%

Free Cashflow Yield

5.2%

GTN Fundamentals

GTN Revenue

Revenue (TTM)

3.3B

Rev. Growth (Yr)

2.75%

Rev. Growth (Qtr)

-4.75%

GTN Earnings

Earnings (TTM)

30.0M

Earnings Growth (Yr)

341.94%

Earnings Growth (Qtr)

933.33%

Breaking Down GTN Revenue

Last 7 days

-4.5%

Last 30 days

15.9%

Last 90 days

-21.2%

How does GTN drawdown profile look like?

GTN Financial Health

Current Ratio

1.42

Debt/Equity

2.99

Debt/Cashflow

0.05

GTN Investor Care

Dividend Yield

4.89%

Shares Dilution (1Y)

2.17%

Diluted EPS (TTM)

-0.12

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	3.3B	0	0	0
2023	3.6B	3.6B	3.5B	3.3B
2022	2.7B	3.0B	3.3B	3.7B
2021	2.4B	2.5B	2.5B	2.4B
2020	2.1B	2.1B	2.2B	2.4B
2019	1.4B	1.6B	1.9B	2.1B
2018	905.3M	928.6M	988.6M	1.1B
2017	842.2M	872.3M	886.7M	882.7M
2016	637.8M	690.9M	744.3M	812.5M
2015	550.1M	586.4M	605.8M	597.4M
2014	359.4M	382.4M	425.8M	508.1M
2013	402.3M	391.9M	377.3M	346.3M
2012	318.1M	336.6M	362.9M	404.8M
2011	345.3M	345.9M	337.1M	307.1M
2010	0	295.6M	320.8M	346.1M
2009	0	0	0	270.4M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Gray Television Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 08, 2024	howell robin robinson	acquired	-	-	23,739	-
May 08, 2024	boger richard lee	acquired	-	-	23,739	-
May 08, 2024	garcia luis a.	acquired	-	-	23,739	-
May 08, 2024	mcclain lorri	acquired	-	-	23,739	-
May 08, 2024	hare richard b	acquired	-	-	23,739	-
May 08, 2024	mctear paul	acquired	-	-	23,739	-
May 08, 2024	howell hilton h jr	acquired	-	-	23,379	chairman, president & ceo
May 08, 2024	spainhour sterling a jr.	acquired	-	-	23,739	-
May 08, 2024	newton howell	acquired	-	-	23,739	-
Apr 30, 2024	spainhour sterling a jr.	sold (taxes)	-53,509	5.75	-9,306	-

Which funds bought or sold GTN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.36	-261,519	525,053	-%
May 16, 2024	COMERICA BANK	reduced	-18.3	-39,361	53,530	-%
May 16, 2024	Ancora Advisors LLC	unchanged	-	-10,560	25,280	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-42.93	-253,494	170,798	-%
May 16, 2024	INNEALTA CAPITAL, LLC	new	-	73,754	73,754	0.03%
May 15, 2024	PRELUDE CAPITAL MANAGEMENT, LLC	new	-	375,591	375,591	0.02%
May 15, 2024	BARCLAYS PLC	reduced	-8.57	-542,000	983,000	-%
May 15, 2024	Walleye Trading LLC	new	-	72,983	72,983	-%
May 15, 2024	Man Group plc	new	-	77,104	77,104	-%
May 15, 2024	Hudson Bay Capital Management LP	sold off	-100	-2,688,000	-	-%

Are Funds Buying or Selling GTN?

Are funds buying GTN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own GTN

No. of Funds

GTN Alerts

Big jump in Earnings (Y/Y)

Unveiling Gray Television Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	darsana capital partners lp	6.0%	5,242,163	SC 13G
Feb 13, 2024	vanguard group inc	5.91%	5,156,292	SC 13G/A
Feb 13, 2024	channing capital management, llc	0.0%	261	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	5.1%	4,464,070	SC 13G/A
Feb 08, 2024	morgan stanley	5.9%	5,149,285	SC 13G
Jan 25, 2024	blackrock inc.	8.4%	7,324,517	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	7.7%	6,625,573	SC 13G/A
Feb 14, 2020	neuberger berman group llc	3.50%	3,280,138	SC 13G/A
Feb 12, 2020	dimensional fund advisors lp	7.53%	7,050,506	SC 13G/A
Feb 07, 2020	fmr llc	-	0	SC 13G/A

Recent SEC filings of Gray Television Inc

View All Filings

Date Filed	Form Type	Document
May 15, 2024	8-K	Current Report
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading

Peers (Alternatives to Gray Television Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MID-CAP
NYT	8.0B	2.5B	17.26%	33.74%	32.07	3.27	5.48%	30.80%
TGNA	2.6B	2.9B	13.49%	-8.00%	4.55	0.89	-11.11%	-6.42%
SMALL-CAP
GTN	615.7M	3.3B	15.93%	-	20.52	0.19	-9.51%	-91.71%
GCI	548.9M	2.6B	53.72%	63.88%	-4.47	0.21	-8.23%	-89.98%
CMLS	53.7M	838.9M	15.64%	-2.45%	-0.49	0.06	-9.52%	-2455.26%
BBGI	21.5M	243.7M	-2.74%	-34.86%	-0.3	0.09	-5.70%	-70.71%
EDUC	17.5M	57.0M	-9.33%	51.11%	72.46	0.31	-40.68%	192.35%

Gray Television Inc News

Latest updates

Gray Television Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-4.7%	823	864	803	813	801	1,072	909	868	827	721	601	547	544	792	604	451	534	579	517	508	518
Operating Expenses	-6.9%	699	751	719	694	734	709	664	650	663	616	534	439	443	441	392	386	410	399	378	389	478
S&GA Expenses	-	-	-	-	-	-	-	-	-	-	84.00	32.00	25.00	18.00	18.00	15.00	17.00	15.00	21.00	14.00	21.00	48.00
EBITDA Margin	33.3%	0.20*	0.15*	0.21*	0.25*	0.27*	0.30*	0.26*	0.22*	0.20*	0.20*	0.29*	0.34*	0.34*	0.35*	0.31*	0.28*	0.30*	0.26*	0.28*	0.30*	0.32*
Interest Expenses	-0.9%	115	116	111	109	104	100	94.00	81.00	79.00	62.00	48.00	47.00	48.00	48.00	45.00	46.00	52.00	54.00	57.00	58.00	58.00
Income Taxes	1133.3%	31.00	-3.00	3.00	5.00	-11.00	58.00	42.00	38.00	21.00	13.00	35.00	15.00	15.00	67.00	43.00	6.00	18.00	32.00	23.00	18.00	3.00
Earnings Before Taxes	1091.7%	119	-12.00	-37.00	9.00	-42.00	244	150	137	83.00	42.00	18.00	54.00	54.00	291	165	17.00	71.00	126	82.00	62.00	-15.00
EBT Margin	195.7%	0.02*	-0.02*	0.05*	0.10*	0.13*	0.17*	0.12*	0.09*	0.07*	0.07*	0.17*	0.23*	0.22*	0.23*	0.17*	0.14*	0.16*	0.12*	0.13*	0.15*	0.18*
Net Income	933.3%	75.00	-9.00	-40.00	4.00	-31.00	186	108	99.00	62.00	29.00	-17.00	39.00	39.00	211	122	11.00	53.00	81.00	46.00	31.00	-31.00
Net Income Margin	139.2%	0.01*	-0.02*	0.03*	0.07*	0.10*	0.12*	0.09*	0.06*	0.04*	0.04*	0.11*	0.17*	0.16*	0.17*	0.12*	0.09*	0.10*	0.06*	0.07*	0.09*	0.12*
Free Cashflow	47.8%	34.00	23.00	31.00	-56.00	302	95.00	127	77.00	94.00	-36.00	12.00	-17.00	134	124	162	152	104	93.00	121	55.00	6.00

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.9%	10,735	10,640	10,735	10,810	10,845	11,152	11,183	11,123	11,134	11,108	7,779	7,670	7,660	7,643	7,224	7,040	7,028	6,972	7,104	7,001	6,995
Current Assets	28.4%	601	468	495	512	537	857	934	951	1,018	963	872	1,257	1,298	1,304	918	759	721	672	789	683	674
Cash Equivalents	538.1%	134	21.00	21.00	36.00	56.00	61.00	144	162	247	189	322	785	819	773	467	379	296	212	326	251	225
Net PPE	-0.7%	1,590	1,601	1,610	1,574	1,521	1,466	1,366	1,260	1,181	1,165	908	809	730	737	726	732	732	725	695	686	672
Goodwill	0%	2,643	2,643	2,643	2,660	2,663	2,663	2,657	2,657	10.00	2,649	1,633	1,466	1,466	1,460	1,448	1,446	1,446	1,446	2.00	1,452	1,434
Liabilities	0.2%	8,035	8,019	8,083	8,100	8,134	8,386	8,601	8,635	8,680	8,701	5,367	5,223	5,236	5,240	5,012	4,932	4,876	4,858	5,051	4,988	5,016
Current Liabilities	7.3%	424	395	414	357	424	409	446	374	363	384	280	223	249	255	344	297	243	246	292	233	268
Long Term Debt	-0.1%	6,139	6,145	6,171	6,197	6,147	6,440	6,590	6,690	6,740	6,740	3,981	3,979	3,976	3,974	3,706	3,703	3,700	3,697	3,881	3,881	3,882
LT Debt, Current	0%	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	-	-	-	-	-	-	-	-	14.00	14.00	14.00
LT Debt, Non Current	-100.0%	-	6,145	6,171	6,197	6,147	6,440	6,590	6,690	6,740	6,740	3,981	3,979	3,976	3,974	3,706	3,703	3,700	3,697	3,881	3,881	3,882
Shareholder's Equity	4.0%	2,050	1,971	2,002	2,060	2,061	2,116	1,932	1,838	1,804	1,757	1,762	1,797	1,774	1,753	1,562	1,458	1,502	1,464	1,403	1,363	1,329
Retained Earnings	6.2%	1,151	1,084	1,114	1,175	1,191	1,242	1,076	988	910	869	861	899	880	862	651	542	544	504	423	377	343
Accumulated Depreciation	4.0%	830	798	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares Outstanding	2.2%	94.00	92.00	92.00	92.00	92.00	92.00	93.00	93.00	93.00	95.00	94.00	94.00	94.00	96.00	97.00	98.00	98.00	99.00	100	100	99.00
Float	-	-	-	-	677	-	-	-	1,386	-	-	-	2,006	-	-	-	-	-	-	-	1,125	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-18.1%	68,000	83,000	106,000	47,000	412,000	233,000	266,000	189,000	141,000	17,000	45,000	91,000	147,000	164,000	181,000	176,000	131,000	130,000	150,000	81,000	24,000
Share Based Compensation	0%	6,000	6,000	5,000	7,000	2,000	5,000	6,000	6,000	5,000	4,000	3,000	3,000	4,000	4,000	5,000	3,000	4,000	6,000	5,000	2,000	3,000
Cashflow From Investing	350.0%	80,000	-32,000	-72,000	-92,000	-95,000	-141,000	-161,000	-148,000	-53,000	-2,870,000	-487,000	-104,000	-73,000	-82,000	-70,000	-35,000	-24,000	-10,000	-47,000	-37,000	-2,562,000
Cashflow From Financing	31.4%	-35,000	-51,000	-49,000	25,000	-322,000	-175,000	-123,000	-126,000	-30,000	2,720,000	-21,000	-21,000	-28,000	224,000	-23,000	-58,000	-23,000	-234,000	-28,000	-18,000	1,344,000
Dividend Payments	-100.0%	-	8,000	8,000	7,000	7,000	7,000	7,000	8,000	8,000	8,000	8,000	7,000	8,000	-	-	-	-	-	-	-	-
Buy Backs	-	-	-	-	-	-	-	-	-	-	30,000	-	-	-	16,000	10,000	43,000	6,000	21,000	11,000	-	-

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GTN Income Statement

2024-03-31

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue (less agency commissions)	$ 823	$ 801
Operating expenses before depreciation, amortization and loss on disposal of assets, net:
Depreciation	36	35
Amortization of intangible assets	31	49
Loss on disposal of assets, net	0	10
Operating expenses	699	734
Operating income	124	67
Other income (expense):
Miscellaneous income (expense), net	110	(2)
Interest expense	(115)	(104)
Loss on early extinguishment of debt	0	(3)
Income (loss) before income taxes	119	(42)
Income tax expense (benefit)	31	(11)
Net income (loss)	88	(31)
Preferred stock dividends	13	13
Net income (loss) attributable to common stockholders	$ 75	$ (44)
Basic per share information:
Net income (loss) attributable to common stockholders (in dollars per share)	$ 0.8	$ (0.48)
Weighted average common shares outstanding (in shares)	94	92
Diluted per share information:
Net income (loss) attributable to common stockholders (in dollars per share)	$ 0.79	$ (0.48)
Weighted average common shares outstanding (in shares)	95	92
Dividends declared per common share (in dollars per share)	$ 0.08	$ 0.08
Broadcasting, Segment [Member]
Revenue (less agency commissions)	$ 799	$ 779
Operating expenses before depreciation, amortization and loss on disposal of assets, net:
Cost of goods and services sold	583	555
Production Companies, Segment [Member]
Revenue (less agency commissions)	24	22
Operating expenses before depreciation, amortization and loss on disposal of assets, net:
Cost of goods and services sold	21	59
Other Operating Segment [Member]
Operating expenses before depreciation, amortization and loss on disposal of assets, net:
Corporate and administrative	28	26
Depreciation	36	35
Amortization of intangible assets	$ 31	$ 49

GTN Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets:
Cash	$ 134	$ 21
Accounts receivable, less allowance for credit losses of $16 and $17, respectively	362	342
Current portion of program broadcast rights, net	12	18
Income tax refunds receivable	21	21
Prepaid income taxes	14	18
Prepaid and other current assets	58	48
Total current assets	601	468
Property and equipment, net	1,590	1,601
Operating lease right of use asset	71	75
Broadcast licenses	5,320	5,320
Goodwill	2,643	2,643
Other intangible assets, net	384	415
Investment in broadcasting, production and technology companies	86	85
Deferred pension assets	18	17
Other	22	16
Total assets	10,735	10,640
Liabilities and stockholders’ equity:
Accounts payable	36	23
Employee compensation and benefits	77	110
Accrued interest	93	63
Accrued network programming fees	39	37
Other accrued expenses	50	57
Federal and state income taxes	56	22
Current portion of program broadcast obligations	12	20
Deferred revenue	22	23
Dividends payable	14	14
Current portion of operating lease liabilities	10	11
Current portion of long-term debt	15	15
Total current liabilities	424	395
Long-term debt, less current portion and less deferred financing costs	6,139	6,145
Program broadcast obligations, less current portion	1	1
Deferred income taxes	1,353	1,359
Operating lease liabilities, less current portion	65	69
Other	53	50
Total liabilities	8,035	8,019
Commitments and contingencies (Note 9)
Series A Perpetual Preferred Stock, no par value; cumulative; redeemable; designated 1,500,000 shares, issued and outstanding 650,000 shares at each date and $650 aggregate liquidation value, at each date	650	650
Stockholders’ equity:
Retained earnings	1,151	1,084
Accumulated other comprehensive loss	(23)	(23)
Stockholders' equity before treasury stock	2,367	2,285
Total stockholders’ equity	2,050	1,971
Total liabilities and stockholders’ equity	10,735	10,640
Common Stock (No Par Value) [Member]
Stockholders’ equity:
Common stock	1,187	1,174
Treasury stock at cost	(284)	(282)
Class A Common Stock (No Par Value) [Member]
Stockholders’ equity:
Common stock	52	50
Treasury stock at cost	$ (33)	$ (32)

About Gray Television Inc

Gray Television, Inc., a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Antenna TV, Telemundo, and Cozi; and local news/weather channels in various markets. In addition, the company offers video program production services. It owns and operates television stations and digital assets that serve television markets in the United States. The company was formerly known as Gray Communications Systems, Inc. and changed its name to Gray Television, Inc. in August 2002. Gray Television, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.

CEO	Mr. Hilton Hatchett Howell Jr.
WEBSITE	gray.tv
INDUSTRY	Media
EMPLOYEES	8942

Gray Television Inc Frequently Asked Questions

What is the ticker symbol for Gray Television Inc? What does GTN stand for in stocks?

GTN is the stock ticker symbol of Gray Television Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Gray Television Inc (GTN)?

As of Fri May 17 2024, market cap of Gray Television Inc is 615.7 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of GTN stock?

You can check GTN's fair value in chart for subscribers.

What is the fair value of GTN stock?

You can check GTN's fair value in chart for subscribers. The fair value of Gray Television Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Gray Television Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for GTN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Gray Television Inc a good stock to buy?

The fair value guage provides a quick view whether GTN is over valued or under valued. Whether Gray Television Inc is cheap or expensive depends on the assumptions which impact Gray Television Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for GTN.

What is Gray Television Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, GTN's PE ratio (Price to Earnings) is 20.52 and Price to Sales (PS) ratio is 0.19. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. GTN PE ratio will change depending on the future growth rate expectations of investors.