Gray Television Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $7.3
- Today's High:
- $7.71
- Open Price:
- $7.47
- 52W Low:
- $6.4319
- 52W High:
- $18.5533
- Prev. Close:
- $7.37
- Volume:
- 1711825
Company Statistics
- Market Cap.:
- $713.69 million
- Book Value:
- 22.222
- Revenue TTM:
- $3.60 billion
- Operating Margin TTM:
- 23.2%
- Gross Profit TTM:
- $1.43 billion
- Profit Margin:
- 7.43%
- Return on Assets TTM:
- 4.75%
- Return on Equity TTM:
- 10.27%
Company Profile
Gray Television Inc had its IPO on 2002-08-30 under the ticker symbol GTN.
The company operates in the Communication Services sector and Broadcasting industry. Gray Television Inc has a staff strength of 8,942 employees.
Stock update
Shares of Gray Television Inc opened at $7.47 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $7.3 - $7.71, and closed at $7.68.
This is a +4.21% increase from the previous day's closing price.
A total volume of 1,711,825 shares were traded at the close of the day’s session.
In the last one week, shares of Gray Television Inc have slipped by -1.66%.
Gray Television Inc's Key Ratios
Gray Television Inc has a market cap of $713.69 million, indicating a price to book ratio of 0.5744 and a price to sales ratio of 0.314.
In the last 12-months Gray Television Inc’s revenue was $3.60 billion with a gross profit of $1.43 billion and an EBITDA of $1.17 billion. The EBITDA ratio measures Gray Television Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Gray Television Inc’s operating margin was 23.2% while its return on assets stood at 4.75% with a return of equity of 10.27%.
In Q2, Gray Television Inc’s quarterly earnings growth was a positive 1016.4% while revenue growth was a negative 6.3%.
Gray Television Inc’s PE and PEG Ratio
- Forward PE
- 47.619
- Trailing PE
- 3.1905
- PEG
- 1.1511
Its diluted EPS in the last 12-months stands at $2.31 per share while it has a forward price to earnings multiple of 47.619 and a PEG multiple of 1.1511. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Gray Television Inc’s profitability.
Gray Television Inc stock is trading at a EV to sales ratio of 2.4928 and a EV to EBITDA ratio of 7.5901. Its price to sales ratio in the trailing 12-months stood at 0.314.
Gray Television Inc stock pays annual dividends of $0.32 per share, indicating a yield of 4.54% and a payout ratio of 13.73%.
Balance sheet and cash flow metrics
- Total Assets
- $36.00 million
- Total Liabilities
- $444.00 million
- Operating Cash Flow
- $-92000000.00
- Capital Expenditure
- $103 million
- Dividend Payout Ratio
- 13.73%
Gray Television Inc ended 2024 with $36.00 million in total assets and $0 in total liabilities. Its intangible assets were valued at $36.00 million while shareholder equity stood at $650.00 million.
Gray Television Inc ended 2024 with $0 in deferred long-term liabilities, $444.00 million in other current liabilities, 1168000000.00 in common stock, $1.18 billion in retained earnings and $2.66 billion in goodwill. Its cash balance stood at $36.00 million and cash and short-term investments were $36.00 million. The company’s total short-term debt was $444,000,000 while long-term debt stood at $6.21 billion.
Gray Television Inc’s total current assets stands at $36.00 million while long-term investments were $108.00 million and short-term investments were $0. Its net receivables were $350.00 million compared to accounts payable of $33.00 million and inventory worth $-409000000.00.
In 2024, Gray Television Inc's operating cash flow was $-92000000.00 while its capital expenditure stood at $103 million.
Comparatively, Gray Television Inc paid $0.14 in dividends in 2024.
Other key metrics
- Current Trading Price
- $7.68
- 52-Week High
- $18.5533
- 52-Week Low
- $6.4319
- Analyst Target Price
- $13.38
Gray Television Inc stock is currently trading at $7.68 per share. It touched a 52-week high of $18.5533 and a 52-week low of $18.5533. Analysts tracking the stock have a 12-month average target price of $13.38.
Its 50-day moving average was $8.51 and 200-day moving average was $9.31 The short ratio stood at 5.3 indicating a short percent outstanding of 0%.
Around 453.6% of the company’s stock are held by insiders while 8949.1% are held by institutions.
Frequently Asked Questions About Gray Television Inc
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About
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, Circle, Antenna TV, Telemundo, and Cozi; 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 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.