An In-Depth Look At The Gray Television Inc. (GTN) Stock – Marketing Sentinel
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An In-Depth Look At The Gray Television Inc. (GTN) Stock

Gray Television Inc. (NYSE:GTN) has a beta value of 2.06 and has seen 0.44 million shares traded in the last trading session. The company, currently valued at $2.17B, closed the last trade at $22.32 per share which meant it lost -$0.53 on the day or -2.32% during that session. The GTN stock price is -9.45% off its 52-week high price of $24.43 and 46.46% above the 52-week low of $11.95. The 3-month trading volume is 620.43K shares.

The consensus among analysts is that Gray Television Inc. (GTN) is a Buy stock at the moment, with a recommendation rating of 1.40. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 5 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.3.

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Gray Television Inc. (NYSE:GTN) trade information

Sporting -2.32% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the GTN stock price touched $22.32 or saw a rise of 4.21%. Year-to-date, Gray Television Inc. shares have moved 24.76%, while the 5-day performance has seen it change -2.58%. Over the past 30 days, the shares of Gray Television Inc. (NYSE:GTN) have changed -0.84%.

Wall Street analysts have a consensus price target for the stock at $28.80, which means that the shares’ value could jump 22.5% from current levels. The projected low price target is $25.00 while the price target rests at a high of $32.00. In that case, then, we find that the current price level is -43.37% off the targeted high while a plunge would see the stock gain -12.01% from current levels.

Gray Television Inc. (GTN) estimates and forecasts

Figures show that Gray Television Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 12.05% over the past 6 months, with this year growth rate of -52.85%, compared to 5.80% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 1,600.00% and -67.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be -2.40%.

7 analysts offering their estimates for the company have set an average revenue estimate of $541.98 million for the current quarter. 4 have an estimated revenue figure of $583.79 million for the next quarter concluding in Sep 2021. Year-ago sales stood $451 million and $604 million respectively for this quarter and the next, and analysts expect sales will grow by 20.20% for the current quarter and -3.30% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 45.30% over the past 5 years. Earnings growth for 2021 is a modest 190.60% while over the next 5 years, the company’s earnings are expected to increase by 36.90%.

GTN Dividends

Gray Television Inc. is expected to release its next earnings report between November 03 and November 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.32 at a share yield of 1.43%. The company’s dividend yield has gone up over the past 12 months.

Gray Television Inc. (NYSE:GTN)’s Major holders

Insiders own 9.66% of the company shares, while shares held by institutions stand at 86.77% with a share float percentage of 96.04%. Investors are also buoyed by the number of investors in a company, with Gray Television Inc. having a total of 271 institutions that hold shares in the company. The top two institutional holders are Dimensional Fund Advisors LP with over 6.56 million shares worth more than $153.51 million. As of Jun 29, 2021, Dimensional Fund Advisors LP held 7.40% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 6.01 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $140.67 million and represent 6.78% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Capitol Ser Tr-Fuller & Thaler Behavioral Small Cap Equity Fd and Vanguard Total Stock Market Index Fund. As of Jun 29, 2021, the former fund manager holds about 2.91% shares in the company for having 2.58 million shares of worth $60.38 million while later fund manager owns 2.38 million shares of worth $55.64 million as of Jun 29, 2021, which makes it owner of about 2.68% of company’s outstanding stock.

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