Gray Television FY2024 EPS Increased by Barrington Research

Gray Television, Inc. (NYSE:GTN - Free Report) - Stock analysts at Barrington Research boosted their FY2024 EPS estimates for shares of Gray Television in a research report issued to clients and investors on Tuesday, February 4th. Barrington Research analyst P. Sholl now expects that the company will post earnings of $3.32 per share for the year, up from their previous forecast of $3.06. 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 Q4 2025 earnings at $0.07 EPS and FY2026 earnings at $3.18 EPS.

Several other research firms have also commented on GTN. Benchmark reduced their price target on shares of Gray Television from $11.00 to $8.00 and set a "buy" rating for the company in a report on Monday, November 11th. StockNews.com upgraded shares of Gray Television from a "sell" rating to a "hold" rating in a report on Monday, November 11th. Finally, Guggenheim reduced their price target on shares of Gray Television from $10.00 to $8.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $6.67.

Gray Television Stock Down 3.3 %

Shares of NYSE:GTN traded down $0.14 during trading hours on Wednesday, hitting $3.95. The company's stock had a trading volume of 1,482,336 shares, compared to its average volume of 1,055,545. Gray Television has a 52 week low of $2.91 and a 52 week high of $8.69. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $393.20 million, a price-to-earnings ratio of 2.63 and a beta of 1.41. The firm's fifty day moving average price is $3.57 and its 200 day moving average price is $4.60.

Gray Television (NYSE:GTN - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.08). Gray Television had a net margin of 5.69% and a return on equity of 9.60%. The business had revenue of $950.00 million during the quarter, compared to the consensus estimate of $967.49 million. During the same quarter in the prior year, the firm posted ($0.57) EPS. The company's revenue for the quarter was up 18.3% compared to the same quarter last year.

Institutional Trading of Gray Television

Several large investors have recently bought and sold shares of the stock. Capital Management Corp VA boosted its holdings in shares of Gray Television by 6.6% in the 4th quarter. Capital Management Corp VA now owns 5,763,336 shares of the company's stock valued at $18,155,000 after acquiring an additional 355,067 shares during the last quarter. State Street Corp boosted its holdings in shares of Gray Television by 1.9% in the 3rd quarter. State Street Corp now owns 2,009,896 shares of the company's stock valued at $10,773,000 after acquiring an additional 36,541 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Gray Television by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,971,374 shares of the company's stock valued at $10,568,000 after acquiring an additional 57,481 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Gray Television by 10.1% in the 4th quarter. Bank of New York Mellon Corp now owns 970,615 shares of the company's stock valued at $3,057,000 after acquiring an additional 89,385 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Gray Television by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 696,853 shares of the company's stock valued at $3,951,000 after acquiring an additional 36,312 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

Insider Buying and Selling

In other Gray Television news, EVP Kevin Paul Latek sold 150,216 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $4.37, for a total transaction of $656,443.92. Following the sale, the executive vice president now owns 509,212 shares of the company's stock, valued at approximately $2,225,256.44. The trade was a 22.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.80% of the stock is currently owned by company insiders.

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.