After finishing at $5.93 in the prior trading day, Gray Television, Inc. (NYSE: GTN) closed at $5.66, down -4.55%. In other words, the price has decreased by -$0.27 from its previous closing price. On the day, 1039241 shares were traded.
Ratios:
Our goal is to gain a better understanding of GTN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.83. For the most recent quarter (mrq), Quick Ratio is recorded 1.14 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 2.38 whereas as Long-Term Debt/Eq ratio is at 2.37.
On November 09, 2022, Wells Fargo Downgraded its rating to Underweight which previously was Overweight and also lowered its target price recommendation from $25 to $7.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 28 ’24 when Howell Robin Robinson bought 10,000 shares for $8.09 per share. The transaction valued at 80,934 led to the insider holds 2,982,386 shares of the business.
HOWELL HILTON H JR bought 10,000 shares of GTN for $80,934 on Mar 28 ’24. The Chairman, President & CEO now owns 2,982,386 shares after completing the transaction at $8.09 per share. On Jan 02 ’24, another insider, BOGER RICHARD LEE, who serves as the Director of the company, bought 399 shares for $8.97 each. As a result, the insider paid 3,578 and bolstered with 60,130 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 577.25M and an Enterprise Value of 7.45B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 0.27. Its current Enterprise Value per Revenue stands at 2.27 whereas that against EBITDA is 10.14.
Stock Price History:
Over the past 52 weeks, GTN has reached a high of $10.69, while it has fallen to a 52-week low of $5.44. The 50-Day Moving Average of the stock is 6.78, while the 200-Day Moving Average is calculated to be 7.70.
Shares Statistics:
The stock has traded on average 1.23M shares per day over the past 3-months and 1.14M shares per day over the last 10 days, according to various share statistics. A total of 87.23M shares are outstanding, with a floating share count of 81.75M. Insiders hold about 15.89% of the company’s shares, while institutions hold 79.12% stake in the company. Shares short for GTN as of Mar 28, 2024 were 6.69M with a Short Ratio of 5.44, compared to 5.5M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.74% and a Short% of Float of 7.74%.
Dividends & Splits
In the trailing 12 months, GTN’s forward annual dividend rate was 0.32, compared to 0.32 this year. Against a Trailing Annual Dividend Yield of 5.40%, it implies a Forward Annual Dividend Yield of 5.65%. The stock’s 5-year Average Dividend Yield is 4.83.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of $0.7 and a low estimate of -$0.3, while EPS last year was -$0.48. The consensus estimate for the next quarter is $0.14, with high estimates of $0.23 and low estimates of $0.03.
Analysts are recommending an EPS of between $4.49 and $2.79 for the fiscal current year, implying an average EPS of $3.57. EPS for the following year is -$0.53, with 4 analysts recommending between -$0.21 and -$1.17.
Revenue Estimates
7 analysts predict $824.98M in revenue for the current quarter. It ranges from a high estimate of $832.1M to a low estimate of $814M. As of the current estimate, Gray Television, Inc.’s year-ago sales were $801M, an estimated increase of 3.00% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $853.51M, an increase of 5.00% over than the figure of $3.00% in the same quarter last year. There is a high estimate of $872.17M for the next quarter, whereas the lowest estimate is $819.9M.
A total of 7 analysts have provided revenue estimates for GTN’s current fiscal year. The highest revenue estimate was $3.95B, while the lowest revenue estimate was $3.79B, resulting in an average revenue estimate of $3.87B. In the same quarter a year ago, actual revenue was $3.28B, up 17.80% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $3.35B in the next fiscal year. The high estimate is $3.44B and the low estimate is $3.26B. The average revenue growth estimate for next year is down -13.40% from the average revenue estimate for this year.
