Gray Media Q2 EPS Estimate Reduced by Barrington Research

Key Points

• Barrington Research has lowered its Q2 2026 earnings per share (EPS) estimate for Gray Media to $0.39, down from a previous estimate of $0.50. The consensus estimate for the full year is $3.32 per share.
• Gray Media reported a Q1 earnings result of ($0.23) EPS, surpassing analysts' expectations, alongside a revenue of $782 million, which was slightly higher than the $772.71 million consensus estimate.
• The stock currently holds a consensus rating of "Hold" with an average target price of $6.17, as various analysts have adjusted their ratings and price targets recently.

Gray Media Inc. (NYSE:GTN - Free Report) - Stock analysts at Barrington Research lowered their Q2 2026 earnings estimates for shares of Gray Media in a report issued on Wednesday, July 30th. Barrington Research analyst P. Sholl now anticipates that the company will post earnings of $0.39 per share for the quarter, down from their previous forecast of $0.50. 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 2026 earnings at $0.57 EPS.

Gray Media (NYSE:GTN - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.23) earnings per share for the quarter, topping analysts' consensus estimates of ($0.49) by $0.26. The company had revenue of $782.00 million for 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 firm's quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 EPS.

Several other research firms also recently commented on GTN. Benchmark dropped their price objective on shares of Gray Media from $8.00 to $7.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Wall Street Zen upgraded shares of Gray Media from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Wells Fargo & Company upped their target price on Gray Media from $4.00 to $4.50 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $6.17.

Gray Media Stock Performance

Shares of NYSE:GTN traded down $0.05 during midday trading on Thursday, reaching $4.46. The company had a trading volume of 1,344,856 shares, compared to its average volume of 1,566,564. The stock has a market cap of $452.87 million, a P/E ratio of 1.93 and a beta of 1.20. Gray Media has a 52-week low of $2.91 and a 52-week high of $6.16. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 2.48. The company's 50 day moving average price is $4.55 and its 200 day moving average price is $4.11.

Institutional Trading of Gray Media

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its position in shares of Gray Media by 12.7% during the 4th quarter. American Century Companies Inc. now owns 124,215 shares of the company's stock valued at $391,000 after purchasing an additional 13,967 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Gray Media during the 4th quarter worth $43,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Gray Media by 12.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 227,775 shares of the company's stock worth $717,000 after purchasing an additional 25,211 shares during the last quarter. Norges Bank purchased a new stake in Gray Media in the fourth quarter valued at about $2,170,000. Finally, Trexquant Investment LP raised its stake in Gray Media by 41.1% in the fourth quarter. Trexquant Investment LP now owns 236,831 shares of the company's stock valued at $746,000 after buying an additional 68,983 shares during the last quarter. Institutional investors own 78.64% of the company's stock.

Insider Transactions at Gray Media

In related news, CFO Jeffrey R. Gignac acquired 12,500 shares of the stock in a transaction dated Thursday, June 5th. The shares were purchased at an average cost of $3.68 per share, with a total value of $46,000.00. Following the transaction, the chief financial officer directly owned 644,599 shares in the company, valued at approximately $2,372,124.32. This represents a 1.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 15.22% of the company's stock.

Gray Media Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend was Friday, June 13th. Gray Media's dividend payout ratio (DPR) is presently 13.85%.

About Gray Media

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.