News stories about Gray Television (NYSE:GTN) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gray Television earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.862437130215 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Edited Transcript of GTN earnings conference call or presentation 27-Feb-18 4:00pm GMT (finance.yahoo.com)
- Gray Television, Inc. (GTN) Major Shareholder Purchases $95,282.40 in Stock (americanbankingnews.com)
- News Bell: Investors Real Estate Trust (NYSE:IRET), Gray Television, Inc. (NYSE:GTN) – The Oracle Examiner (oracleexaminer.com)
- Shares of Gray Television, Inc. (GTN) are value at $13.30 – Wall Street Morning (wallstreetmorning.com)
- Gray Television, Inc. (GTN) returned -10.00% low in last month – The Stocks News (press release) (thestocksnews.com)
Several equities research analysts have recently issued reports on GTN shares. Zacks Investment Research upgraded shares of Gray Television from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 14th. ValuEngine upgraded shares of Gray Television from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Benchmark reiterated a “buy” rating and set a $21.00 price target on shares of Gray Television in a research note on Thursday, February 15th. Jefferies Group started coverage on shares of Gray Television in a research note on Thursday, December 14th. They set a “buy” rating and a $18.00 price target on the stock. Finally, Barrington Research reiterated a “buy” rating and set a $22.00 price target on shares of Gray Television in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $19.00.
Gray Television (NYSE:GTN) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.15. The company had revenue of $233.60 million during the quarter, compared to analysts’ expectations of $232.24 million. Gray Television had a return on equity of 11.91% and a net margin of 29.67%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. analysts forecast that Gray Television will post 1.86 earnings per share for the current fiscal year.
In related news, major shareholder Harriett J. Robinson acquired 8,214 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was bought at an average cost of $11.60 per share, with a total value of $95,282.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin Paul Latek sold 97,634 shares of Gray Television stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $16.96, for a total value of $1,655,872.64. Following the transaction, the executive vice president now directly owns 219,706 shares of the company’s stock, valued at $3,726,213.76. The disclosure for this sale can be found here. 12.00% of the stock is currently owned by company insiders.
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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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