According to Zacks, “Gray Television is a communications company headquartered in Atlanta, Georgia, and currently operates 15 CBS affiliate TV stations, seven NBC affiliate TV stations, seven ABC affiliate TV stations and four daily newspapers. .
GTN actions open for $ 19.80 Thursday. The company has a market cap of $ 1.90 billion, a P / E ratio of 8.11, a PEG ratio of 1.49 and a beta of 1.93. The company has a 50-day moving average of $ 22.11. Gray Television has a 52-week minimum of $ 16.30 and a 52-week maximum of $ 25.24. The company has a debt to equity ratio of 2.26, a rapid ratio of 3.11, and a current ratio of 3.11.
Gray Television (NYSE: GTN) last released its results on Thursday, November 4. The company reported ($ 0.32) earnings per share (EPS) for the quarter, missing Zacks’ consensus estimate of $ 0.38 ($ 0.70). Gray Television had a net margin of 11.47% and a return on equity of 16.09%. The company posted revenue of $ 601.00 million in the quarter, compared to a consensus estimate of $ 597.00 million. In the same quarter of the previous year, the company achieved EPS of $ 1.14. The company’s revenue was down 0.5% year-on-year. As a group, analysts predict Gray Television will post 1.3 EPS for the current fiscal year.
A number of institutional investors have recently increased or reduced their stakes in the company. Vanguard Group Inc. increased its position in Gray Television by 2.6% in the second quarter. Vanguard Group Inc. now owns 4,606,782 shares of the company valued at $ 107,798,000 after acquiring an additional 118,844 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings of Gray Television shares by 10.5% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,037,493 shares of the company valued at $ 69,316,000 after purchasing an additional 289,231 shares in the last quarter. State Street Corp increased its holdings of Gray Television shares by 2.5% in the second quarter. State Street Corp now owns 1,949,811 shares of the company valued at $ 45,626,000 after purchasing an additional 47,881 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings of Gray Television shares by 143.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,940,692 shares of the company valued at $ 45,413,000 after purchasing an additional 1,144,829 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Gray Television shares by 21.5% during the second quarter. Bank of New York Mellon Corp now owns 1,639,429 shares of the company valued at $ 38,361,000 after purchasing an additional 289,894 shares during the last quarter. Hedge funds and other institutional investors hold 83.04% of the company’s shares.
Gray Television Company Profile
Gray Television, Inc. is a television broadcasting company that owns and operates television stations and digital assets in United States markets. It operates through the following segments: Broadcasting and production companies. The Broadcasting segment operates television stations located in local markets in the United States.
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