Understanding Gray Television, Inc. (GTN)’s financial health through ratios

After finishing at $8.20 in the prior trading day, Gray Television, Inc. (NYSE: GTN) closed at $8.22, up 0.24%. In other words, the price has increased by $+0.02 from its previous closing price. On the day, 752905 shares were traded. GTN stock price reached its highest trading level at $8.40 during the session, while it also had its lowest trading level at $8.14.

Elon Musk just Triggered a BOOM in These Stocks

Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"

Click Here to Download the FREE Report.



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 37.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.11. For the most recent quarter (mrq), Quick Ratio is recorded 1.13 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 2.36 whereas as Long-Term Debt/Eq ratio is at 2.35.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on November 09, 2022, Downgraded its rating to Underweight and sets its target price to $7 from $25 previously.

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 Oct 02 when BOGER RICHARD LEE bought 465 shares for $6.84 per share. The transaction valued at 3,182 led to the insider holds 59,693 shares of the business.

ELDER T L sold 500 shares of GTN for $4,645 on Aug 31. The Director Emeritus now owns 24,260 shares after completing the transaction at $9.29 per share. On Aug 04, another insider, ELDER T L, who serves as the Director Emeritus of the company, sold 3,793 shares for $10.36 each. As a result, the insider received 39,277 and left with 24,760 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 789.31M and an Enterprise Value of 7.69B. As of this moment, Gray’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.18, and their Forward P/E ratio for the next fiscal year is 2.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22 while its Price-to-Book (P/B) ratio in mrq is 0.39. Its current Enterprise Value per Revenue stands at 2.20 whereas that against EBITDA is 7.87.

Stock Price History:

Over the past 52 weeks, GTN has reached a high of $14.40, while it has fallen to a 52-week low of $5.97. The 50-Day Moving Average of the stock is 6.97, while the 200-Day Moving Average is calculated to be 8.09.

Shares Statistics:

The stock has traded on average 1.23M shares per day over the past 3-months and 1.24M shares per day over the last 10 days, according to various share statistics. A total of 85.47M shares are outstanding, with a floating share count of 82.18M. Insiders hold about 13.91% of the company’s shares, while institutions hold 77.63% stake in the company. Shares short for GTN as of Nov 14, 2023 were 5.18M with a Short Ratio of 5.18M, compared to 5.3M on Oct 12, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.43% and a Short% of Float of 6.07%.

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 3.90%, it implies a Forward Annual Dividend Yield of 3.90%. The stock’s 5-year Average Dividend Yield is 4.83. The current Payout Ratio is 7.38% for GTN, which recently paid a dividend on Dec 28, 2023 with an ex-dividend date of Dec 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

Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of -$0.16 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.25, while EPS last year was $1.88. The consensus estimate for the next quarter is $0.14, with high estimates of $0.4 and low estimates of -$0.17.

Analysts are recommending an EPS of between -$1.22 and -$1.4 for the fiscal current year, implying an average EPS of -$1.31. EPS for the following year is $4.1, with 6 analysts recommending between $4.54 and $3.37.

Revenue Estimates

7 analysts predict $862.59M in revenue for the current quarter. It ranges from a high estimate of $867.9M to a low estimate of $859.5M. As of the current estimate, Gray Television, Inc.’s year-ago sales were $1.07B, an estimated decrease of -19.50% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $878.97M, an increase of 9.70% over than the figure of -$19.50% in the same quarter last year. There is a high estimate of $904.02M for the next quarter, whereas the lowest estimate is $861M.

A total of 7 analysts have provided revenue estimates for GTN’s current fiscal year. The highest revenue estimate was $3.28B, while the lowest revenue estimate was $3.28B, resulting in an average revenue estimate of $3.28B. In the same quarter a year ago, actual revenue was $3.68B, down -10.80% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $3.93B in the next fiscal year. The high estimate is $3.98B and the low estimate is $3.84B. The average revenue growth estimate for next year is up 19.90% from the average revenue estimate for this year.

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular