Headlines about Gray Television (NYSE:GTN) have trended somewhat positive this week, according to AlphaOne Sentiment. The research group, a unit of Accern, ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gray Television earned a news impact score of 0.20 on AlphaOne’s scale. AlphaOne also assigned news headlines about the company an impact score of 77 out of 100, meaning that recent media coverage is likely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have impacted AlphaOne’s rankings:
- ETFs with exposure to Gray Television, Inc. : May 23, 2017 (finance.yahoo.com)
- Gray Television, Inc. (NYSE:GTN) Shares Move -0.79% – Concord … – Concord Register (concordregister.com)
- Gray Television, Inc. :GTN-US: Earnings Analysis: Q1, 2017 By the Numbers : May 22, 2017 (finance.yahoo.com)
- The Gray Television, Inc. (GTN) Rating Reiterated by Benchmark Co. – BangaloreWeekly (bangaloreweekly.com)
- A Look at the Technicals For Gray Television, Inc. (NYSE:GTN) – Pearson Press (pearsonnewspress.com)
Several brokerages have issued reports on GTN. Benchmark Co. restated a “buy” rating and issued a $19.00 target price on shares of Gray Television in a research note on Monday, May 15th. Singular Research boosted their target price on Gray Television from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, March 9th. TheStreet upgraded Gray Television from a “c+” rating to a “b” rating in a research note on Wednesday, March 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $17.00 price objective on shares of Gray Television in a research note on Thursday, April 13th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $16.50.
Gray Television (NYSE:GTN) opened at 12.45 on Wednesday. The stock has a 50 day moving average price of $13.79 and a 200-day moving average price of $12.22. Gray Television has a 12-month low of $7.00 and a 12-month high of $15.45. The stock has a market capitalization of $895.86 million, a PE ratio of 14.15 and a beta of 3.16.
Gray Television (NYSE:GTN) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.09. The firm had revenue of $203.46 million during the quarter, compared to analysts’ expectations of $194.68 million. Gray Television had a net margin of 5.57% and a return on equity of 13.68%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the company posted $0.12 EPS. On average, equities analysts anticipate that Gray Television will post $0.89 earnings per share for the current fiscal year.
In related news, Director Richard Lee Boger sold 7,000 shares of the stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $14.21, for a total transaction of $99,470.00. Following the completion of the transaction, the director now owns 21,066 shares of the company’s stock, valued at approximately $299,347.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.77% of the company’s stock.
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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