Gray Television (NYSE:GTN - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $1.59 EPS for the quarter, hitting analysts' consensus estimates of $1.59, Zacks reports. Gray Television had a net margin of 5.69% and a return on equity of 9.60%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Gray Television updated its Q1 2025 guidance to EPS.
Gray Television Stock Performance
NYSE GTN traded down $0.06 during trading on Monday, reaching $3.70. 1,960,406 shares of the company's stock were exchanged, compared to its average volume of 1,368,299. 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 business has a 50 day moving average price of $3.61 and a 200-day moving average price of $4.43. The stock has a market capitalization of $368.77 million, a P/E ratio of 2.47 and a beta of 1.41. Gray Television has a fifty-two week low of $2.91 and a fifty-two week high of $7.41.
Gray Television Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date of this dividend is Friday, March 14th. Gray Television's payout ratio is currently 21.33%.
Analysts Set New Price Targets
GTN has been the topic of several analyst reports. Wells Fargo & Company raised shares of Gray Television from an "underweight" rating to an "equal weight" rating and set a $4.00 price target on the stock in a research report on Monday. Barrington Research raised Gray Television to a "hold" rating in a research report on Thursday, November 14th. Guggenheim reduced their price target on Gray Television from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Tuesday, November 12th. StockNews.com upgraded Gray Television from a "sell" rating to a "hold" rating in a research note on Monday, November 11th. Finally, Benchmark dropped their price objective on Gray Television from $11.00 to $8.00 and set a "buy" rating on the stock in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.67.
View Our Latest Report on GTN
About Gray Television
(
Get Free Report)
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.
Featured Stories
Before you consider Gray Television, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gray Television wasn't on the list.
While Gray Television currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
