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

5.61USD-0.16 (-2.77%)Delayed

Market Summary

USD5.61-0.16

Delayed

-2.77%

GTN Alerts

2 major insider buys recently.

GTN Stock Price

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GTN RSI Chart

GTN Valuation

Market Cap

516.1M

Price/Earnings (Trailing)

-6.79

Price/Sales (Trailing)

0.16

EV/EBITDA

13.2

Price/Free Cashflow

1.72

GTN Price/Sales (Trailing)

GTN Profitability

EBT Margin

-2.50%

Return on Equity

-3.86%

Return on Assets

-0.71%

Free Cashflow Yield

58.13%

GTN Fundamentals

GTN Revenue

Revenue (TTM)

3.3B

Rev. Growth (Yr)

-19.4%

Rev. Growth (Qtr)

7.6%

GTN Earnings

Earnings (TTM)

-76.0M

Earnings Growth (Yr)

-104.84%

Earnings Growth (Qtr)

77.5%

Breaking Down GTN Revenue

Last 7 days

-5.2%

Last 30 days

-9.8%

Last 90 days

-43.4%

How does GTN drawdown profile look like?

GTN Financial Health

Current Ratio

1.18

Debt/Equity

3.12

Debt/Cashflow

0.11

GTN Investor Care

Dividend Yield

5.7%

Dividend/Share (TTM)

0.32

Diluted EPS (TTM)

-1.39

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
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
Apr 01, 2024	gignac jeffrey r	acquired	-	-	469,750	evp, finance
Mar 28, 2024	howell hilton h jr	bought	80,934	8.0934	10,000	chairman, president & ceo
Mar 28, 2024	howell robin robinson	bought	80,934	8.0934	10,000	-
Mar 01, 2024	cowart jackson s iv	acquired	-	-	17,498	chief accounting officer
Mar 01, 2024	cowart jackson s iv	sold (taxes)	-28,382	5.72	-4,962	chief accounting officer
Mar 01, 2024	cowart jackson s iv	sold (taxes)	-35,830	5.72	-6,264	chief accounting officer
Mar 01, 2024	cowart jackson s iv	acquired	-	-	21,026	chief accounting officer
Feb 29, 2024	mcnamara sandra breland	sold (taxes)	-46,048	5.84	-7,885	executive vice president, coo
Feb 29, 2024	howell hilton h jr	acquired	235,653	6.61	35,651	chairman, president & ceo
Feb 29, 2024	laplatney d patrick	sold (taxes)	-312,335	5.84	-53,482	president and co-ceo

Which funds bought or sold GTN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	Zurcher Kantonalbank (Zurich Cantonalbank)	unchanged	-	-70,667	169,174	-%
Apr 25, 2024	Mendota Financial Group, LLC	new	-	16,932	16,932	0.01%
Apr 25, 2024	NATIXIS ADVISORS, L.P.	sold off	-100	-236,000	-	-%
Apr 25, 2024	HERITAGE WEALTH MANAGEMENT, LLC	added	0.6	-38,797	94,814	0.05%
Apr 25, 2024	SIMPLEX TRADING, LLC	reduced	-82.24	-231,000	32,000	-%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-1.94	-2,855,220	6,405,670	-%
Apr 25, 2024	Lindbrook Capital, LLC	added	1.96	-12,934	33,129	-%
Apr 25, 2024	Capital Investment Advisory Services, LLC	sold off	-100	-448,000	-	-%
Apr 25, 2024	Allworth Financial LP	reduced	-90.7	-2,972	209	-%
Apr 25, 2024	Capital Investment Advisory Services, LLC	sold off	-100	-27,049	-	-%

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

2 major insider buys recently.

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
Apr 03, 2024	3	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Mar 28, 2024	DEF 14A	DEF 14A
Mar 28, 2024	DEFA14A	DEFA14A
Mar 08, 2024	8-K	Current Report
Mar 05, 2024	4	Insider Trading
Mar 01, 2024	4	Insider Trading
Mar 01, 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	7.1B	2.4B	-2.09%	10.10%	30.59	2.93	5.10%	33.63%
TGNA	2.4B	2.9B	-8.82%	-20.49%	5	0.82	-11.23%	-24.39%
SMALL-CAP
GTN	516.1M	3.3B	-9.81%	-	-6.79	0.16	-10.75%	-116.70%
GCI	383.9M	2.7B	10.73%	44.94%	-13.82	0.14	-9.57%	64.37%
CMLS	44.7M	844.5M	-16.41%	-16.15%	-0.38	0.05	-11.43%	-826.08%
BBGI	22.1M	247.1M	-11.90%	-22.19%	-0.29	0.09	-3.62%	-78.30%
EDUC	18.7M	57.0M	7.92%	-4.80%	77.43	0.33	-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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	7.6%	864	803	813	801	1,072	909	868	827	721	601	547	544	792	604	451	534	579	517	508	518	329
Operating Expenses	4.5%	751	719	694	734	709	664	650	663	616	534	439	443	441	392	386	410	399	378	389	478	178
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	11.00
EBITDA Margin	-27.4%	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*	0.41*
Interest Expenses	4.5%	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	33.00
Income Taxes	-200.0%	-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	34.00
Earnings Before Taxes	67.6%	-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	123
EBT Margin	-150.1%	-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*	0.27*
Net Income	77.5%	-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	88.00
Net Income Margin	-167.9%	-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*	0.19*
Free Cashflow	-25.8%	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	102

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-0.9%	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	4,213
Current Assets	-5.5%	468	495	512	537	857	934	951	1,018	963	872	1,257	1,298	1,304	918	759	721	672	789	683	674	873
Cash Equivalents	0%	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	667
Net PPE	-0.6%	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	363
Goodwill	0%	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	829
Liabilities	-0.8%	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	3,026
Current Liabilities	-4.6%	395	414	357	424	409	446	374	363	384	280	223	249	255	344	297	243	246	292	233	268	150
Long Term Debt	-0.4%	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	2,549
LT Debt, Current	0%	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	-0.4%	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	2,549
Shareholder's Equity	-1.5%	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	1,187
Retained Earnings	-2.7%	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	372
Shares Outstanding	0%	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	88.00
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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-21.7%	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	137,000
Share Based Compensation	20.0%	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	2,000
Cashflow From Investing	55.6%	-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	-14,000
Cashflow From Financing	-4.1%	-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	745,000
Dividend Payments	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	-	-	-1,000

GTN Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) $ in Thousands, shares in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue (less agency commissions)	$ 3,281,000	$ 3,676,000	$ 2,413,000
Operating expenses before depreciation, amortization, impairment and (gain) loss on disposals of assets, net:
Depreciation	145,000	129,000	104,000
Amortization of intangible assets	194,000	207,000	117,000
Impairment of goodwill and other intangible assets	43,000	0	0
Loss (gain) on disposal of assets, net	21,000	(2,000)	42,000
Operating expenses, net	2,898,000	2,686,000	2,032,000
Operating income	383,000	990,000	381,000
Other income (expense):
Miscellaneous income (expense), net	7,000	(4,000)	(8,000)
Impairment of investments	(29,000)	(18,000)	0
Interest expense	(440,000)	(354,000)	(205,000)
Loss on early extinguishment of debt	(3,000)	0	0
Income (loss) before income taxes	(82,000)	614,000	168,000
Income tax (benefit) expense	(6,000)	159,000	78,000
Net (loss) income	(76,000)	455,000	90,000
Preferred stock dividends	52,000	52,000	52,000
Net (loss) income attributable to common stockholders	$ (128,000)	$ 403,000	$ 38,000
Basic per share information:
Net (loss) income attributable to common stockholders (in dollars per share)	$ (1.39)	$ 4.38	$ 0.4
Weighted average shares outstanding (in shares)	92	92	95
Diluted per share information:
Net (loss) income attributable to common stockholders (in dollars per share)	$ (1.39)	$ 4.33	$ 0.4
Weighted average shares outstanding (in shares)	92	93	95
Dividends declared per common share (in dollars per share)	$ 0.32	$ 0.32	$ 0.32
Broadcasting, Segment [Member]
Revenue (less agency commissions)	$ 3,195,000	$ 3,583,000	$ 2,340,000
Operating expenses before depreciation, amortization, impairment and (gain) loss on disposals of assets, net:
Cost of goods and services sold	2,268,000	2,165,000	1,548,000
Production Companies, Segment [Member]
Revenue (less agency commissions)	86,000	93,000	73,000
Operating expenses before depreciation, amortization, impairment and (gain) loss on disposals of assets, net:
Cost of goods and services sold	115,000	83,000	62,000
Other Segments [Member]
Operating expenses before depreciation, amortization, impairment and (gain) loss on disposals of assets, net:
Corporate and administrative	112,000	104,000	159,000
Depreciation	145,000	129,000	104,000
Amortization of intangible assets	$ 194,000	$ 207,000	$ 117,000

GTN Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Assets:
Cash	$ 21	$ 61
Accounts receivable, less allowance for credit losses of $17 and $16, respectively	342	650
Current portion of program broadcast rights, net	18	27
Income tax refunds receivable	21	22
Prepaid income taxes	18	43
Prepaid and other current assets	48	54
Total current assets	468	857
Property and equipment, net	1,601	1,466
Operating lease right of use asset	75	75
Broadcast licenses	5,320	5,331
Goodwill	2,643	2,663
Other intangible assets, net	415	636
Investments in broadcasting and technology companies	85	105
Deferred pension assets	17	5
Other	16	14
Total assets	10,640	11,152
Liabilities and stockholders’ equity:
Accounts payable	23	55
Employee compensation and benefits	110	98
Accrued interest	63	60
Accrued network programming fees	37	39
Other accrued expenses	41	50
Federal and state income taxes	22	15
Current portion of program broadcast obligations	20	29
Deferred revenue	39	24
Dividends payable	14	14
Current portion of operating lease liabilities	11	10
Current portion of long-term debt	15	15
Total current liabilities	395	409
Long-term debt, less current portion and less deferred financing costs	6,145	6,440
Program broadcast obligations, less current portion	1	1
Deferred income taxes	1,359	1,454
Operating lease liabilities, less current portion	69	68
Other	50	14
Total liabilities	8,019	8,386
Commitments and contingencies (Note 12)
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	1,084	1,242
Accumulated other comprehensive loss	(23)	(12)
Stockholders' equity before treasury stock	2,285	2,425
Total stockholders’ equity	1,971	2,116
Total liabilities and stockholders’ equity	10,640	11,152
Common Stock (No Par Value) [Member]
Stockholders’ equity:
Common stock	1,174	1,150
Treasury stock at cost	(282)	(278)
Class A Common Stock (No Par Value) [Member]
Stockholders’ equity:
Common stock	50	45
Treasury stock at cost	$ (32)	$ (31)

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 Apr 26 2024, market cap of Gray Television Inc is 516.12 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 Apr 26 2024, GTN's PE ratio (Price to Earnings) is -6.79 and Price to Sales (PS) ratio is 0.16. 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.