Barrington Research Boosts Earnings Estimates for Gray Media

Key Points

• Barrington Research has increased its Q2 2025 earnings estimate for Gray Media from ($0.34) to ($0.23) per share.
• Gray Media’s average price target from analysts is now $6.17, with a consensus rating of "Hold" from several brokerages.
• The company declared a quarterly dividend of $0.08 per share, reflecting an annualized yield of 7.1%.

Gray Media Inc. (NYSE:GTN - Free Report) - Equities researchers at Barrington Research upped their Q2 2025 earnings estimates for Gray Media in a report released on Wednesday, July 30th. Barrington Research analyst P. Sholl now expects that the company will earn ($0.23) per share for the quarter, up from their previous forecast of ($0.34). The consensus estimate for Gray Media's current full-year earnings is $3.32 per share. Barrington Research also issued estimates for Gray Media's Q3 2025 earnings at ($0.32) EPS, Q4 2025 earnings at $0.04 EPS, FY2025 earnings at ($0.74) EPS, Q1 2026 earnings at ($0.21) EPS, Q4 2026 earnings at $1.64 EPS, FY2026 earnings at $2.40 EPS and FY2027 earnings at ($0.29) EPS.

Several other brokerages have also recently issued reports on GTN. Benchmark reduced their price target on shares of Gray Media from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Wells Fargo & Company boosted their price objective on shares of Gray Media from $4.00 to $4.50 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Finally, Wall Street Zen raised shares of Gray Media from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $6.17.

Gray Media Stock Performance

Shares of NYSE:GTN opened at $4.50 on Friday. The company has a market cap of $457.34 million, a price-to-earnings ratio of 1.95 and a beta of 1.19. The company has a 50-day moving average price of $4.54 and a 200-day moving average price of $4.10. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 2.48. Gray Media has a 12 month low of $2.91 and a 12 month high of $6.56.

Gray Media (NYSE:GTN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.26. The firm had revenue of $782.00 million during the quarter, compared to the consensus estimate of $772.71 million. Gray Media had a net margin of 7.72% and a return on equity of 12.75%. The company's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 earnings per share.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GTN. Capital Management Corp VA grew its stake in shares of Gray Media by 19.2% in the first quarter. Capital Management Corp VA now owns 6,867,026 shares of the company's stock worth $29,666,000 after acquiring an additional 1,103,690 shares during the period. Miller Value Partners LLC grew its stake in shares of Gray Media by 132.1% in the fourth quarter. Miller Value Partners LLC now owns 3,384,450 shares of the company's stock worth $10,661,000 after acquiring an additional 1,926,330 shares during the period. Penn Capital Management Company LLC grew its stake in shares of Gray Media by 16.2% in the first quarter. Penn Capital Management Company LLC now owns 2,017,748 shares of the company's stock worth $8,740,000 after acquiring an additional 281,566 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Gray Media by 60.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,956,635 shares of the company's stock worth $8,453,000 after acquiring an additional 734,085 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of Gray Media by 52.6% in the fourth quarter. Marshall Wace LLP now owns 1,161,862 shares of the company's stock worth $3,660,000 after acquiring an additional 400,274 shares during the period. 78.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Gray Media

In other news, CFO Jeffrey R. Gignac bought 12,500 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was acquired at an average cost of $3.68 per share, with a total value of $46,000.00. Following the completion of the acquisition, the chief financial officer owned 644,599 shares of the company's stock, valued at approximately $2,372,124.32. This represents a 1.98% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 15.22% of the company's stock.

Gray Media Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.32 annualized dividend and a yield of 7.1%. Gray Media's payout ratio is 13.85%.

Gray Media 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.

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