Media headlines about Gray Television (NYSE:GTN) have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Gray Television earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.895922181579 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Gray Television (GTN) traded down 2.27% during trading on Tuesday, reaching $15.05. 400,586 shares of the company’s stock were exchanged. The company has a 50 day moving average of $14.80 and a 200 day moving average of $14.05. Gray Television has a 12-month low of $7.00 and a 12-month high of $16.70. The stock has a market cap of $1.08 billion, a P/E ratio of 9.36 and a beta of 3.25.
Gray Television (NYSE:GTN) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $226.70 million for the quarter, compared to the consensus estimate of $221.05 million. Gray Television had a net margin of 13.38% and a return on equity of 17.32%. The business’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. Equities research analysts anticipate that Gray Television will post $1.61 EPS for the current year.
A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Gray Television from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub raised shares of Gray Television from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. ValuEngine raised shares of Gray Television from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 21st. Wells Fargo & Company reissued an “outperform” rating and issued a $18.00 price objective (up from $15.50) on shares of Gray Television in a research report on Thursday, August 10th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $17.00 price objective on shares of Gray Television in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Gray Television presently has an average rating of “Buy” and an average target price of $17.80.
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About Gray Television
Gray Television, Inc is a television broadcast company. The Company owns and operates television stations and digital assets in various markets across the United States. As of February 21, 2017, the Company owned and/or operated television stations in 54 television markets broadcasting over 200 separate programming streams, including 37 affiliates of the CBS Network (CBS), 29 affiliates of the NBC Network (NBC), 20 affiliates of the ABC Network (ABC) and 15 affiliates of the FOX Network (FOX).
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