Gray Television (GTN) Earns Daily Media Impact Score of 0.09
Media headlines about Gray Television (NYSE:GTN) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing 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 news impact score of 0.09 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.8818589213345 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- 5 Excellent Value Stocks Based on Low PEG Ratio – Nasdaq (nasdaq.com)
- Needle Action Activity Spotted in Gray Television Inc (GTN) and Alexandria Real Estate Equities Inc (ARE) – FLBC News (flbcnews.com)
- Gray Television Inc (GTN) Shares Moving On Volume – Sparta Review (spartareview.com)
- CBS Corp. (CBS) Inks a Deal to Buy Australia’s Network Ten – Nasdaq (nasdaq.com)
- Gray Television, Inc. (GTN) 11.17% off from 200- SMA | Analysts Buzz – Voice Of Analysts (analystsbuzz.com)
Gray Television (NYSE:GTN) traded up 4.63% during mid-day trading on Wednesday, reaching $14.70. 1,184,092 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.05 billion, a PE ratio of 9.14 and a beta of 3.28. The firm’s 50-day moving average is $14.31 and its 200 day moving average is $13.74. Gray Television has a 1-year low of $7.00 and a 1-year high of $15.45.
Gray Television (NYSE:GTN) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $226.70 million during the quarter, compared to analyst estimates of $221.05 million. Gray Television had a net margin of 13.38% and a return on equity of 17.32%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. Analysts forecast that Gray Television will post $1.61 earnings per share for the current fiscal year.
A number of analysts have commented on GTN shares. Benchmark Co. reiterated a “buy” rating and issued a $19.00 price objective on shares of Gray Television in a report on Friday, May 5th. Royal Bank Of Canada set a $16.00 price objective on shares of Gray Television and gave the company a “buy” rating in a report on Tuesday, July 18th. BidaskClub upgraded shares of Gray Television from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $18.00 price objective (up previously from $15.50) on shares of Gray Television in a report on Thursday, August 10th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $17.00.
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).
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