Gray Media (GTN) Projected to Post Quarterly Earnings on Thursday

Key Points

• Gray Media will report Q1 2026 results before the market opens on Thursday, May 7, 2026, with analysts forecasting EPS of -$0.218 and revenue of $769.254 million; the earnings call is scheduled for 11:00 AM ET.
• In the prior quarter (reported Feb. 26) Gray posted EPS of -$0.24 (above estimates) and $792 million in revenue, but revenue fell 24.2% year‑over‑year and the company recorded a negative net margin and negative return on equity.
• Shares trade near $5.53 with a market cap around $574 million; the company pays a $0.08 quarterly dividend (roughly a 5.8% yield) and analyst coverage is mixed with a consensus "Hold" and a $8.13 price target.

Gray Media (NYSE:GTN - Get Free Report) is expected to issue its Q1 2026 results before the market opens on Thursday, May 7th. Analysts expect the company to announce earnings of ($0.2180) per share and revenue of $769.2540 million for the quarter. Parties can find conference call details on the company's upcoming Q1 2026 earning report page for the latest details on the call scheduled for Thursday, May 7, 2026 at 11:00 AM ET.

Gray Media (NYSE:GTN - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.28) by $0.04. The business had revenue of $792.00 million for the quarter, compared to analysts' expectations of $780.50 million. Gray Media had a negative net margin of 2.75% and a negative return on equity of 2.51%. The firm's revenue for the quarter was down 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.59 earnings per share. On average, analysts expect Gray Media to post $3 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Gray Media Stock Performance

NYSE GTN opened at $5.53 on Thursday. The stock has a market cap of $574.09 million, a P/E ratio of -3.90 and a beta of 0.90. The company's 50-day simple moving average is $5.09 and its 200 day simple moving average is $4.85. Gray Media has a twelve month low of $3.25 and a twelve month high of $6.43. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.66.

Gray Media Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.32 dividend on an annualized basis and a yield of 5.8%. Gray Media's payout ratio is presently -22.54%.

Analyst Upgrades and Downgrades

GTN has been the topic of a number of analyst reports. Benchmark upped their target price on shares of Gray Media from $10.00 to $12.00 and gave the company a "buy" rating in a research note on Friday, February 27th. Barrington Research reaffirmed an "outperform" rating and set a $6.50 price objective on shares of Gray Media in a research note on Tuesday. Wall Street Zen raised shares of Gray Media from a "sell" rating to a "hold" rating in a research note on Saturday, February 28th. Zacks Research cut shares of Gray Media from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 4th. Finally, Wells Fargo & Company raised their price objective on shares of Gray Media from $5.50 to $6.00 and gave the company an "equal weight" rating in a research note on Monday, March 2nd. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $8.13.

Hedge Funds Weigh In On Gray Media

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oxford Asset Management LLP boosted its stake in Gray Media by 147.6% in the second quarter. Oxford Asset Management LLP now owns 29,471 shares of the company's stock valued at $134,000 after acquiring an additional 17,566 shares during the last quarter. Orion Porfolio Solutions LLC bought a new position in Gray Media in the fourth quarter valued at approximately $130,000. Mercer Global Advisors Inc. ADV raised its holdings in Gray Media by 24.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 21,437 shares of the company's stock worth $104,000 after purchasing an additional 4,278 shares during the period. Corient Private Wealth LLC bought a new position in shares of Gray Media during the fourth quarter worth $102,000. Finally, Focus Partners Wealth bought a new position in shares of Gray Media during the third quarter worth $73,000. 78.64% of the stock is owned by institutional investors.

Gray Media Company Profile

Gray Media NYSE: GTN is a U.S.-based broadcasting and digital media company that owns and operates a portfolio of local television stations and associated digital platforms. The company's core business centers on delivering local news, sports and entertainment programming through its network-affiliated broadcast outlets. In addition to traditional over-the-air distribution, Gray Media supports multi-platform video streaming and on-demand services for audiences across its markets.

Gray Media's television stations carry network programming from major national broadcasters, including ABC, CBS, NBC, Fox and The CW, and often feature locally produced news and public affairs content.

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