Communication Services - Broadcasting - NYSE - US
$ 8.31
20.8 %
$ 738 M
Market Cap
4.03
P/E
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, Justice, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; 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 113 television markets in the United States. The company was formerly known as Gray Communications Systems, Inc.[ Read More ]
The intrinsic value of one GTN-A stock under the base case scenario is HIDDEN Compared to the current market price of 8.31 USD, Gray Television, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart GTN-A
FINANCIALS
3.28 B
REVENUE
383 M
OPERATING INCOME
-76 M
NET INCOME
648 M
OPERATING CASH FLOW
-291 M
INVESTING CASH FLOW
-397 M
FINANCING CASH FLOW
950 M
REVENUE
250 M
OPERATING INCOME
96 M
NET INCOME
297 M
OPERATING CASH FLOW
-40 M
INVESTING CASH FLOW
-263 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Gray Television, Inc.
| Current Assets | 468 M |
| Cash & Short-Term Investments | 21 M |
| Receivables | 363 M |
| Other Current Assets | 84 M |
| Non-Current Assets | 10.3 B |
| Long-Term Investments | 85 M |
| PP&E | 1.68 B |
| Other Non-Current Assets | 8.54 B |
| Current Liabilities | 395 M |
| Accounts Payable | 23 M |
| Short-Term Debt | 37 M |
| Other Current Liabilities | 335 M |
| Non-Current Liabilities | 7.62 B |
| Long-Term Debt | 6.21 B |
| Other Non-Current Liabilities | 1.41 B |
EFFICIENCY
Earnings Waterfall
Gray Television, Inc.
| Revenue | 3.28 B |
| Cost Of Revenue | 2.72 B |
| Gross Profit | 560 M |
| Operating Expenses | 516 M |
| Operating Income | 383 M |
| Other Expenses | 459 M |
| Net Income | -76 M |
RATIOS
17.07%
GROSS MARGIN
11.67%
OPERATING MARGIN
-2.32%
NET MARGIN
-2.90%
ROE
-0.71%
ROA
4.04%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Gray Television, Inc.
| Net Income | -76 M |
| Depreciation & Amortization | 339 M |
| Capital Expenditures | -348 M |
| Stock-Based Compensation | 30 M |
| Change in Working Capital | 325 M |
| Others | 170 M |
| Free Cash Flow | 300 M |
Wall Street Analysts Price Targets
Gray Television, Inc.
GTN-A has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
3.53%
DIVIDEND YIELD
0.08 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Gray Television, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
3.75 K USD 1
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
10 months ago
Jan 02, 2024
|
Bought 3.05 K USD
|
BOGER RICHARD LEE
Director |
+ 340
|
8.98 USD |
|
10 months ago
Jan 02, 2024
|
Bought 525 USD
|
BOGER RICHARD LEE
Director |
+ 59
|
8.89 USD |
|
10 months ago
Jan 02, 2024
|
Bought 169 USD
|
BOGER RICHARD LEE
Director |
+ 19
|
8.89 USD |
|
1 year ago
Jul 03, 2023
|
Bought 2.99 K USD
|
BOGER RICHARD LEE
Director |
+ 373
|
8.01 USD |
|
1 year ago
Jul 03, 2023
|
Bought 511 USD
|
BOGER RICHARD LEE
Director |
+ 54
|
9.47 USD |
|
1 year ago
Jul 03, 2023
|
Bought 123 USD
|
BOGER RICHARD LEE
Director |
+ 13
|
9.47 USD |
|
1 year ago
Oct 02, 2023
|
Bought 3.02 K USD
|
BOGER RICHARD LEE
Director |
+ 445
|
6.78 USD |
|
1 year ago
Oct 02, 2023
|
Bought 165 USD
|
BOGER RICHARD LEE
Director |
+ 20
|
8.24 USD |
|
1 year ago
Oct 02, 2023
|
Bought 165 USD
|
BOGER RICHARD LEE
Director |
+ 20
|
8.24 USD |
|
1 year ago
Oct 02, 2023
|
Bought 3.02 K USD
|
BOGER RICHARD LEE
Director |
+ 445
|
6.78 USD |
|
1 year ago
Oct 02, 2023
|
Bought 165 USD
|
BOGER RICHARD LEE
Director |
+ 20
|
8.24 USD |
|
1 year ago
Aug 31, 2023
|
Sell 4.64 K USD
|
ELDER T L
|
- 500
|
9.29 USD |
|
1 year ago
Aug 04, 2023
|
Sell 36.2 K USD
|
ELDER T L
|
- 3493
|
10.36 USD |
|
1 year ago
Aug 04, 2023
|
Sell 3.09 K USD
|
ELDER T L
|
- 300
|
10.3 USD |
|
1 year ago
Jun 30, 2023
|
Bought 9.4 K USD
|
Howell Robin Robinson
Director |
+ 1000
|
9.4 USD |
|
1 year ago
Jun 29, 2023
|
Bought 9.61 K USD
|
Howell Robin Robinson
Director |
+ 1000
|
9.61 USD |
|
1 year ago
Jun 30, 2023
|
Bought 9.4 K USD
|
HOWELL HILTON H JR
Chairman, President & CEO |
+ 1000
|
9.4 USD |
|
1 year ago
Jun 29, 2023
|
Bought 9.61 K USD
|
HOWELL HILTON H JR
Chairman, President & CEO |
+ 1000
|
9.61 USD |
|
1 year ago
Jun 28, 2023
|
Bought 9.6 K USD
|
HOWELL HILTON H JR
Chairman, President & CEO |
+ 1060
|
9.06 USD |
|
1 year ago
Jun 26, 2023
|
Bought 8.77 K USD
|
HOWELL HILTON H JR
Chairman, President & CEO |
+ 940
|
9.33 USD |
|
1 year ago
Jun 28, 2023
|
Bought 9.6 K USD
|
Howell Robin Robinson
Director |
+ 1060
|
9.06 USD |
|
1 year ago
Jun 26, 2023
|
Bought 8.77 K USD
|
Howell Robin Robinson
Director |
+ 940
|
9.33 USD |
|
1 year ago
Jun 23, 2023
|
Bought 18.2 K USD
|
Howell Robin Robinson
Director |
+ 2000
|
9.12 USD |
|
1 year ago
Jun 22, 2023
|
Bought 17.1 K USD
|
Howell Robin Robinson
Director |
+ 2000
|
8.55 USD |
|
1 year ago
Jun 23, 2023
|
Bought 18.2 K USD
|
HOWELL HILTON H JR
Chairman, President & CEO |
+ 2000
|
9.12 USD |
|
1 year ago
Jun 22, 2023
|
Bought 17.1 K USD
|
HOWELL HILTON H JR
Chairman, President & CEO |
+ 2000
|
8.55 USD |
|
1 year ago
Jun 21, 2023
|
Bought 17.3 K USD
|
Howell Robin Robinson
Director |
+ 2000
|
8.66 USD |
|
1 year ago
Jun 21, 2023
|
Bought 17.3 K USD
|
HOWELL HILTON H JR
Chairman, President & CEO |
+ 2000
|
8.66 USD |
|
1 year ago
May 15, 2023
|
Sell 16.1 K USD
|
ELDER T L
|
- 2075
|
7.76 USD |
|
1 year ago
Dec 19, 2022
|
Bought 595 K USD
|
ROBINSON HARRIETT J
Director |
+ 33750
|
17.64 USD |
|
1 year ago
Dec 19, 2022
|
Bought 630 K USD
|
ROBINSON HARRIETT J
Director |
+ 35000
|
18 USD |
|
1 year ago
Dec 19, 2022
|
Sell 595 K USD
|
ROBINSON HARRIETT J
Director |
- 33750
|
17.64 USD |
|
2 years ago
Nov 15, 2022
|
Bought 36.3 K USD
|
BOGER RICHARD LEE
Director |
+ 3200
|
11.35 USD |
|
2 years ago
Nov 11, 2022
|
Bought 52 K USD
|
McTear Paul
Director |
+ 5000
|
10.41 USD |
|
2 years ago
Nov 10, 2022
|
Bought 99.9 K USD
|
LaPlatney D Patrick
Director |
+ 10000
|
9.99 USD |
|
2 years ago
Nov 07, 2022
|
Bought 36.4 K USD
|
BOGER RICHARD LEE
Director |
+ 4000
|
9.1 USD |
7. News
GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE
ATLANTA, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The dividend is payable on December 31, 2024, to shareholders of record at the close of business on December 13, 2024.
globenewswire.com
- 1 week ago
Gray Announces Third Quarter Financial Results, Additional Cost Containment Initiatives, and Approximately $500 Million of Full-Year 2024 Political Ad Revenue and Projected $500 Million Full-Year 2024 Net Debt Reduction
ATLANTA, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “Gray Media,” “we,” “us” or “our”) (NYSE: GTN) today announced a strong third quarter ended September 30, 2024. Gray also projected full-year 2024 political advertising revenue of $500 million, as well as full-year 2024 Net Debt reduction of $500 million.
globenewswire.com
- 1 week ago
Local News Live Announces Election Night Coverage
ATLANTA, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Gray Media (NYSE: GTN) today announced comprehensive election night coverage plans on Local News Live, its 24/7 news network. Starting at 7 p.m. EST on November 5th, Local News Live will stream election coverage on Roku, Amazon Fire, Apple TV, iOS, and Android streaming devices. The Local News Live feed will also be carried on localnewslive.com and more than 500 Gray Media digital properties.
globenewswire.com
- 2 weeks ago
Gray Sets Date for Third Quarter Earnings Release and Earnings Conference Call
ATLANTA, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Gray Media (NYSE: GTN) today announced that it will release its earnings results for the quarter ended September 30, 2024 on Friday, November 8, 2024.
globenewswire.com
- 1 month ago
Local News Live Launches New Streaming Apps
Atlanta, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Gray Media (NYSE: GTN) today announced that Local News Live, its 24/7 streaming news network, launched standalone apps for connected TVs and smartphones. These new apps are now available to download for free by searching “LNL” on Roku, Amazon Fire, Apple TV, iOS, and Android streaming devices.
globenewswire.com
- 1 month ago
Gray Announces Two General Manager Retirements
ATLANTA, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Gray Media (NYSE: GTN) today announced the retirements of two veteran broadcasters. In Monroe, Louisiana, Laura Long is retiring as the General Manager of KNOE effective October 4, 2024. In Sherman, Texas, Rick Dean will retire as the General Manager of KXII effective December 31, 2024.
globenewswire.com
- 1 month ago
Gray Media and Stations Raise More Than $340,000 for Hurricane Helene Relief
ATLANTA, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Gray Media (NYSE: GTN) today announced that its local television stations have raised more than $290,000 for Hurricane Helene response efforts, and Gray itself will donate an additional $50,000 to the relief fund. The money raised will provide immediate aid as well as long-term assistance for residents impacted by the deadly storm system that took the lives of more than 200 people and left a path of destruction across six states.
globenewswire.com
- 1 month ago
InvestigateTV+ Grows Clearances for 2024 – 2025 Season
ATLANTA , Sept. 04, 2024 (GLOBE NEWSWIRE) -- Gray Media (NYSE: GTN) today announced that InvestigateTV+, its award-winning 30-minute news magazine, is now cleared on weekends in 67% of the U.S for the 2024 – 2025 season. The weekday edition of the program is also expanding its reach to 46% of the U.S. this fall. InvestigateTV+ and InvestigateTV+ Weekend will launch their new seasons the week of September 9th.
globenewswire.com
- 2 months ago
Gray Media Announces Coverage Plans for 2024 Democratic National Convention
ATLANTA, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Gray Media (NYSE: GTN) today announced comprehensive coverage plans for the 2024 Democratic National Convention.
globenewswire.com
- 2 months ago
Gray Television: Bumpy Ride But Thesis Intact
Gray Television is the second-largest local television broadcaster in the US, with stations in 114 markets. Gray Television's stock price plunged after mixed second-quarter results, but the company still has potential for growth. GTN is expected to benefit from a surge in political advertising revenue for the 2024 general election. Every dollar of debt paid off should translate into accretion for equity holders.
seekingalpha.com
- 3 months ago
GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE
ATLANTA, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The dividend is payable on September 30, 2024, to shareholders of record at the close of business on September 13, 2024.
globenewswire.com
- 3 months ago
Gray Announces Operating Results for the Second Quarter
ATLANTA, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray Media,” “Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the second quarter ended June 30, 2024, including total revenue of $826 million and total operating expenses (before depreciation, amortization and loss on disposal of assets) of $607 million. While we are overall pleased with our results in the second quarter, macro-economic and other factors largely beyond our control appear likely to result in somewhat lower revenues for the year than we previously anticipated.
globenewswire.com
- 3 months ago
8. Profile Summary
Gray Television, Inc. GTN-A
COUNTRY
US
INDUSTRY
Broadcasting
MARKET CAP
$ 738 M
Dividend Yield
3.53%
Description
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, Justice, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; 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 113 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.
Contact
4370 Peachtree Road, NE, Atlanta, GA, 30319
https://www.gray.tv
IPO Date
March 17, 1993
Employees
9374
Officers
Mr. James C. Ryan
Senior Advisor
Mr. Garrett Pope
Senior Vice President of Sales Operations
Ms. Charlie Effinger
Vice President of Corporate Development
Ms. McNamara Sandra Breland
Executive Vice President & Chief Operating Officer
Mr. David Burke
Senior Vice President & Chief Technology Officer
Mr. Mike King
Senior Managing Vice President & Chief Marketing Officer
Mr. Hilton Hatchett Howell Jr.
Executive Chairman & Chief Executive Officer
Mr. Donald Patrick LaPlatney
President, Co-Chief Executive Officer & Director
Mr. Jeff Gignac
Executive Vice President & Chief Financial Officer
Mr. Jackson S. Cowart IV
Senior Vice President & Chief Accounting Officer