Gray Television (GTN) to Release Earnings on Thursday

Gray Television (NYSE:GTN - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $1.59 per share and revenue of $1.04 billion for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Gray Television Trading Down 4.6 %

NYSE:GTN traded down $0.19 during trading hours on Friday, reaching $3.82. 1,367,970 shares of the stock were exchanged, compared to its average volume of 1,195,317. Gray Television has a twelve month low of $2.91 and a twelve month high of $8.05. 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 business has a 50-day moving average of $3.54 and a two-hundred day moving average of $4.45. The company has a market capitalization of $380.24 million, a price-to-earnings ratio of 2.54 and a beta of 1.41.

Insider Transactions at Gray Television

In other 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 completion of the sale, the executive vice president now owns 509,212 shares in the company, valued at approximately $2,225,256.44. The trade was a 22.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on GTN shares. Guggenheim lowered their target price on Gray Television from $10.00 to $8.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. Benchmark lowered their price objective on shares of Gray Television from $11.00 to $8.00 and set a "buy" rating for the company in a research note on Monday, November 11th. StockNews.com raised shares of Gray Television from a "sell" rating to a "hold" rating in a research note on Monday, November 11th. Finally, Barrington Research raised shares of Gray Television to a "hold" rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $6.67.

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.