Somewhat Positive News Coverage Somewhat Unlikely to Impact Gray Television (NYSE:GTN) Stock Price
Media coverage about Gray Television (NYSE:GTN) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gray Television earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.3523170447395 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern’s rankings:
- Analysts Anticipate Gray Television, Inc (iphonefresh.com)
- FY2019 EPS Estimates for Gray Television, Inc. Raised by Barrington Research (GTN) (americanbankingnews.com)
- Is Gray Television (GTN) Running Out of Gas? (wpsuperfanboy.com)
- Gray Television, Inc. (NASDAQ:GTN) Expected To Report Earnings On Tuesday (footballhebdo.com)
- Gray Television, Inc. (GTN) Has Another Very Strong Trading Session (overnewsmagazine.com)
Several analysts have commented on the stock. Wells Fargo & Company reiterated an “outperform” rating and set a $18.00 target price (up previously from $15.50) on shares of Gray Television in a research report on Thursday. Benchmark Co. reiterated a “buy” rating and set a $19.00 target price on shares of Gray Television in a research report on Monday, May 15th. BidaskClub upgraded shares of Gray Television from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada set a $16.00 target price on shares of Gray Television and gave the company a “buy” rating in a research report on Tuesday, July 18th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $17.00.
Shares of Gray Television (NYSE GTN) opened at 14.70 on Friday. Gray Television has a 52-week low of $7.00 and a 52-week high of $15.45. The company has a 50 day moving average of $14.16 and a 200-day moving average of $13.56. The company has a market cap of $1.05 billion, a PE ratio of 9.14 and a beta of 3.28.
Gray Television (NYSE:GTN) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. Gray Television had a net margin of 13.38% and a return on equity of 17.32%. The business had revenue of $226.70 million for the quarter, compared to analysts’ expectations of $221.05 million. During the same period in the previous year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. Analysts forecast that Gray Television will post $0.92 EPS for the current fiscal year.
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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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