The price of Gray Television Inc. (NYSE: GTN) closed at $7.96 in the last session, up 0.38% from day before closing price of $7.93. In other words, the price has increased by $+0.03 from its previous closing price. On the day, 1024265 shares were traded. GTN stock price reached its highest trading level at $8.24 during the session, while it also had its lowest trading level at $7.91.
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Ratios:
We take a closer look at GTN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.36. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 2.99 whereas as Long-Term Debt/Eq ratio is at 2.98.
Upgrades & Downgrades
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 15 when ELDER T L sold 2,075 shares for $7.76 per share. The transaction valued at 16,102 led to the insider holds 45,163 shares of the business.
ROBINSON HARRIETT J bought 68,750 shares of GTN for $1,225,350 on Dec 19. The 10% Owner now owns 1,042,217 shares after completing the transaction at $17.82 per share. On Dec 19, another insider, ROBINSON HARRIETT J, who serves as the 10% Owner of the company, sold 68,750 shares for $17.82 each. As a result, the insider received 1,225,350 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GTN now has a Market Capitalization of 655.50M and an Enterprise Value of 7.78B. As of this moment, Gray’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.39, and their Forward P/E ratio for the next fiscal year is 1.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.21 while its Price-to-Book (P/B) ratio in mrq is 0.36. Its current Enterprise Value per Revenue stands at 2.13 whereas that against EBITDA is 6.23.
Stock Price History:
Over the past 52 weeks, GTN has reached a high of $20.83, while it has fallen to a 52-week low of $6.50. The 50-Day Moving Average of the stock is 8.08, while the 200-Day Moving Average is calculated to be 12.40.
Shares Statistics:
According to the various share statistics, GTN traded on average about 1.17M shares per day over the past 3-months and 1.43M shares per day over the past 10 days. A total of 92.00M shares are outstanding, with a floating share count of 75.89M. Insiders hold about 2.50% of the company’s shares, while institutions hold 91.40% stake in the company. Shares short for GTN as of Apr 27, 2023 were 3.73M with a Short Ratio of 3.73M, compared to 3.15M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.92% and a Short% of Float of 4.39%.
Dividends & Splits
The forward annual dividend rate for GTN is 0.32, which was 0.32 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 4.04%, it implies a Forward Annual Dividend Yield of 4.06%. The current Payout Ratio is 9.30% for GTN, which recently paid a dividend on Jun 29, 2023 with an ex-dividend date of Jun 13, 2023. Stock splits for the company last occurred on Sep 30, 1998 when the company split stock in a 3:2 ratio.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.17 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.28, while EPS last year was $0.91. The consensus estimate for the next quarter is -$0.04, with high estimates of $0 and low estimates of -$0.09.
Analysts are recommending an EPS of between $0.07 and -$0.58 for the fiscal current year, implying an average EPS of -$0.35. EPS for the following year is $4.63, with 6 analysts recommending between $5.87 and $3.5.
Revenue Estimates
According to 7 analysts, the current quarter’s revenue is expected to be $794.51M. It ranges from a high estimate of $800M to a low estimate of $786.5M. As of the current estimate, Gray Television Inc.’s year-ago sales were $868M, an estimated decrease of -8.50% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $812.13M, a decrease of -14.60% less than the figure of -$8.50% in the same quarter last year. There is a high estimate of $821.6M for the next quarter, whereas the lowest estimate is $797.2M.
A total of 7 analysts have provided revenue estimates for GTN’s current fiscal year. The highest revenue estimate was $3.33B, while the lowest revenue estimate was $3.27B, resulting in an average revenue estimate of $3.31B. In the same quarter a year ago, actual revenue was $3.68B, down -10.00% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $4B in the next fiscal year. The high estimate is $4.1B and the low estimate is $3.87B. The average revenue growth estimate for next year is up 20.90% from the average revenue estimate for this year.
