Barrington Research Predicts Lower Earnings for Gray Media

Key Points

• Barrington Research has downgraded its Q4 2026 earnings estimate for Gray Media, now forecasting earnings of $1.57 per share, down from $1.64.
• Gray Media recently reported a loss of $0.42 per share for the last quarter, missing estimates and reflecting a revenue decline of 6.5% year-over-year.
• The company's stock has a market cap of $511.15 million and recently opened at $5.03, with a twelve-month high of $6.16.

Gray Media Inc. (NYSE:GTN - Free Report) - Stock analysts at Barrington Research decreased their Q4 2026 earnings estimates for Gray Media in a research report issued to clients and investors on Monday, August 11th. Barrington Research analyst P. Sholl now anticipates that the company will earn $1.57 per share for the quarter, down from their prior estimate of $1.64. Barrington Research currently has a "Strong-Buy" rating and a $6.50 target price on the stock. The consensus estimate for Gray Media's current full-year earnings is $3.32 per share.

Gray Media (NYSE:GTN - Get Free Report) last posted its earnings results on Friday, August 8th. The company reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.19). The business had revenue of $772.00 million during the quarter, compared to the consensus estimate of $765.16 million. Gray Media had a net margin of 5.64% and a return on equity of 10.26%. The business's revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 EPS.

A number of other research firms have also recently weighed in on GTN. Benchmark reissued a "buy" rating and issued a $9.00 target price (up previously from $7.00) on shares of Gray Media in a research note on Monday. Wells Fargo & Company upped their target price on shares of Gray Media from $4.50 to $5.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Wall Street Zen cut shares of Gray Media from a "hold" rating to a "sell" rating in a research note on Saturday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Gray Media has a consensus rating of "Moderate Buy" and a consensus target price of $6.88.

Gray Media Stock Performance

NYSE GTN opened at $5.03 on Tuesday. The stock has a market cap of $511.15 million, a P/E ratio of 3.33 and a beta of 1.20. The company's 50-day simple moving average is $4.60 and its 200 day simple moving average is $4.16. Gray Media has a twelve month low of $2.91 and a twelve month high of $6.16. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 2.48.

Gray Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.32 annualized dividend and a dividend yield of 6.4%. Gray Media's dividend payout ratio (DPR) is presently 21.19%.

Insider Buying and Selling at Gray Media

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

Institutional Trading of Gray Media

Several hedge funds have recently modified their holdings of GTN. Acadian Asset Management LLC bought a new stake in shares of Gray Media during the first quarter valued at approximately $28,000. Voleon Capital Management LP bought a new stake in shares of Gray Media during the fourth quarter valued at approximately $32,000. Ameriprise Financial Inc. bought a new stake in shares of Gray Media during the fourth quarter valued at approximately $33,000. Boothbay Fund Management LLC bought a new stake in shares of Gray Media during the fourth quarter valued at approximately $34,000. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Gray Media by 157.6% during the first quarter. Harbor Capital Advisors Inc. now owns 8,752 shares of the company's stock valued at $38,000 after purchasing an additional 5,355 shares during the last quarter. 78.64% of the stock is owned by institutional investors.

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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