Gray Television (GTN) Set to Announce Quarterly Earnings on Friday

Gray Television (NYSE:GTN - Get Free Report) will be issuing its quarterly earnings data before the market opens on Friday, November 8th. Analysts expect Gray Television to post earnings of $0.94 per share for the quarter. Gray Television has set its Q3 2024 guidance at EPS.Investors that are interested in registering for the company's conference call can do so using this link.

Gray Television (NYSE:GTN - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). Gray Television had a return on equity of 3.02% and a net margin of 1.84%. The business had revenue of $826.00 million during the quarter, compared to analysts' expectations of $840.33 million. During the same quarter in the prior year, the firm earned ($0.10) EPS. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. On average, analysts expect Gray Television to post $4 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Gray Television Stock Performance

NYSE GTN traded up $0.08 during trading hours on Friday, hitting $5.80. The company's stock had a trading volume of 848,887 shares, compared to its average volume of 1,233,177. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market cap of $577.57 million, a P/E ratio of 82.79, a price-to-earnings-growth ratio of 0.13 and a beta of 1.49. The company's 50 day simple moving average is $5.26 and its two-hundred day simple moving average is $5.47. Gray Television has a 12 month low of $4.15 and a 12 month high of $10.07.

Gray Television Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.32 annualized dividend and a dividend yield of 5.52%. Gray Television's payout ratio is 457.14%.

Analyst Ratings Changes

A number of brokerages have weighed in on GTN. Wells Fargo & Company decreased their target price on shares of Gray Television from $6.00 to $4.00 and set an "underweight" rating for the company in a research note on Friday, August 9th. Guggenheim lowered their target price on Gray Television from $12.00 to $10.00 and set a "buy" rating on the stock in a report on Wednesday, August 14th. Finally, Benchmark cut their price target on Gray Television from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, one has given 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 company currently has an average rating of "Hold" and a consensus target price of $8.33.

Gray Television Company Profile

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.