Media stories about Gray Television (NYSE:GTN) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gray Television earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.9253446733509 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
GTN has been the topic of several recent research reports. Noble Financial reaffirmed a “buy” rating on shares of Gray Television in a report on Monday, March 5th. Zacks Investment Research raised shares of Gray Television from a “strong sell” rating to a “hold” rating in a report on Monday, January 1st. Barrington Research reiterated a “buy” rating and issued a $22.00 price objective on shares of Gray Television in a research report on Tuesday, February 27th. Guggenheim reiterated a “buy” rating and issued a $20.00 price objective on shares of Gray Television in a research report on Thursday, March 1st. Finally, ValuEngine downgraded shares of Gray Television from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $19.00.
Shares of Gray Television stock traded down $0.05 during trading hours on Friday, reaching $12.00. The stock had a trading volume of 3,059,009 shares, compared to its average volume of 1,370,361. Gray Television has a twelve month low of $11.65 and a twelve month high of $17.80. The company has a debt-to-equity ratio of 1.84, a quick ratio of 5.08 and a current ratio of 5.08. The company has a market cap of $1,088.36, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 1.52 and a beta of 2.53.
Gray Television (NYSE:GTN) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.15. Gray Television had a net margin of 29.67% and a return on equity of 11.91%. The firm had revenue of $233.60 million during the quarter, compared to the consensus estimate of $232.24 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. equities research analysts forecast that Gray Television will post 1.86 EPS for the current year.
In related news, major shareholder Harriett J. Robinson purchased 8,214 shares of Gray Television stock in a transaction that occurred on Thursday, March 15th. The stock was purchased at an average price of $11.60 per share, for a total transaction of $95,282.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 12.00% of the stock is owned by corporate 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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