Positive News Coverage Somewhat Unlikely to Impact Gray Television (NYSE:GTN) Share Price

Headlines about Gray Television (NYSE:GTN) have been trending positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gray Television earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.6982882262812 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern’s analysis:

A number of research firms recently issued reports on GTN. ValuEngine downgraded shares of Gray Television from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Zacks Investment Research raised shares of Gray Television from a “strong sell” rating to a “hold” rating in a research report on Monday, January 1st. Jefferies Group assumed coverage on shares of Gray Television in a research report on Thursday, December 14th. They set a “buy” rating and a $18.00 price target on the stock. Benchmark reissued a “buy” rating and set a $21.00 target price on shares of Gray Television in a research report on Tuesday, November 7th. Finally, Guggenheim assumed coverage on shares of Gray Television in a research report on Wednesday, October 18th. They set a “buy” rating and a $20.00 target price on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $18.43.

Gray Television (GTN) opened at $17.35 on Monday. The company has a market cap of $1,558.92, a PE ratio of 9.59, a PEG ratio of 2.27 and a beta of 3.14. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 3.11. Gray Television has a 12-month low of $10.50 and a 12-month high of $17.50.

Gray Television (NYSE:GTN) last announced its earnings results on Monday, November 6th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). The company had revenue of $219.00 million during the quarter, compared to the consensus estimate of $218.78 million. Gray Television had a net margin of 14.91% and a return on equity of 15.53%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS. research analysts expect that Gray Television will post 1.57 EPS for the current fiscal year.

In related news, EVP Kevin Paul Latek sold 97,634 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 219,706 shares in the company, valued at approximately $3,726,213.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.00% of the company’s stock.

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Gray Television Company Profile

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).

Insider Buying and Selling by Quarter for Gray Television (NYSE:GTN)

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