Q1 EPS Forecast for Gray Television Lowered by Analyst

Gray Television, Inc. (NYSE:GTN - Free Report) - Equities research analysts at Barrington Research cut their Q1 2025 earnings per share estimates for shares of Gray Television in a report released on Wednesday, March 5th. Barrington Research analyst P. Sholl now anticipates that the company will post earnings per share of ($0.48) for the quarter, down from their prior estimate of ($0.30). Barrington Research has a "Hold" rating on the stock. The consensus estimate for Gray Television's current full-year earnings is $3.32 per share. Barrington Research also issued estimates for Gray Television's Q2 2025 earnings at ($0.03) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at $0.29 EPS and FY2025 earnings at ($0.27) EPS.

A number of other research firms have also recently weighed in on GTN. Wells Fargo & Company upgraded shares of Gray Television from an "underweight" rating to an "equal weight" rating and set a $4.00 target price on the stock in a research note on Monday, March 3rd. Guggenheim decreased their price target on Gray Television from $8.00 to $7.00 and set a "buy" rating on the stock in a report on Monday. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.33.

Gray Television Price Performance

NYSE:GTN traded up $0.12 during trading hours on Monday, hitting $4.23. 2,133,763 shares of the stock traded hands, compared to its average volume of 1,413,466. The stock has a 50 day moving average price of $3.72 and a 200 day moving average price of $4.37. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. The company has a market cap of $429.02 million, a price-to-earnings ratio of 2.86 and a beta of 1.45. Gray Television has a 1 year low of $2.91 and a 1 year high of $7.41.

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Gray Television (NYSE:GTN - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $1.59 earnings per share for the quarter, meeting analysts' consensus estimates of $1.59. The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.04 billion. Gray Television had a return on equity of 9.60% and a net margin of 5.69%.

Gray Television Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.57%. Gray Television's dividend payout ratio is 9.61%.

Insider Activity at Gray Television

In other Gray Television news, Director Richard Lee Boger sold 16,000 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $3.85, for a total value of $61,600.00. Following the sale, the director now owns 55,347 shares in the company, valued at $213,085.95. The trade was a 22.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gray Television

Several large investors have recently made changes to their positions in the company. Voleon Capital Management LP purchased a new position in Gray Television during the 4th quarter valued at approximately $32,000. Ameriprise Financial Inc. purchased a new position in shares of Gray Television in the fourth quarter valued at $33,000. Boothbay Fund Management LLC bought a new stake in Gray Television in the fourth quarter worth $34,000. Federated Hermes Inc. lifted its position in Gray Television by 214,100.0% during the fourth quarter. Federated Hermes Inc. now owns 12,852 shares of the company's stock valued at $40,000 after purchasing an additional 12,846 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Gray Television in the 4th quarter worth $43,000. 78.64% of the stock is owned by institutional investors.

About Gray Television

Gray Television, Inc, a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Telemundo, THE365, and Outlaw; and local news/weather channels in various markets.