Media coverage about Gray Television (NYSE:GTN) has trended somewhat positive on Friday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 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 daily sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.7795908085904 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
A number of equities analysts have weighed in on GTN shares. Noble Financial restated a “buy” rating on shares of Gray Television in a report on Monday, March 5th. Zacks Investment Research upgraded Gray Television from a “strong sell” rating to a “hold” rating in a report on Monday, January 1st. Barrington Research restated a “buy” rating and issued a $22.00 price target on shares of Gray Television in a report on Tuesday, February 27th. Guggenheim restated a “buy” rating and issued a $20.00 price target on shares of Gray Television in a report on Thursday, March 1st. Finally, ValuEngine cut Gray Television from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $19.00.
GTN stock opened at $12.20 on Friday. The company has a current ratio of 5.08, a quick ratio of 5.08 and a debt-to-equity ratio of 1.84. The company has a market cap of $1,065.78, a P/E ratio of 10.43, a PEG ratio of 1.48 and a beta of 2.53. Gray Television has a 12-month low of $11.25 and a 12-month high of $17.80.
Gray Television (NYSE:GTN) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.15. The business had revenue of $233.60 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. sell-side analysts expect that Gray Television will post 1.86 earnings per share for the current year.
In other news, major shareholder Harriett J. Robinson purchased 8,214 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were acquired at an average cost of $11.60 per share, with a total value of $95,282.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 9.98% of the company’s stock.
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About Gray Television
Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 23, 2018, the company owned and operated television stations in 57 television markets broadcasting approximately 200 program streams, including approximately 100 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.
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