Gray Media Inc. (NYSE:GTN) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Gray Media Inc. has received a consensus recommendation of "Moderate Buy" from five brokerages, with an average price target of $6.8750.
• The company recently reported a loss of ($0.42) EPS for the quarter, missing estimates, while revenue of $772 million fell 6.5% year-over-year.
• Gray Media also announced a quarterly dividend of $0.08 per share, resulting in a dividend yield of 5.7% and a payout ratio of 21.19%.

Gray Media Inc. (NYSE:GTN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $6.8750.

Several research analysts have issued reports on the company. Guggenheim increased their price target on Gray Media from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Benchmark reiterated a "buy" rating and issued a $9.00 price target (up previously from $7.00) on shares of Gray Media in a report on Monday, August 11th. Barrington Research reiterated an "outperform" rating and issued a $6.50 price target on shares of Gray Media in a report on Tuesday, September 23rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Gray Media in a report on Saturday, September 27th. Finally, Wall Street Zen lowered Gray Media from a "hold" rating to a "sell" rating in a report on Saturday, August 9th.

Gray Media Trading Down 0.8%

Shares of Gray Media stock traded down $0.05 on Friday, hitting $5.66. 748,178 shares of the company's stock traded hands, compared to its average volume of 1,180,673. Gray Media has a one year low of $2.91 and a one year high of $6.30. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.87 and a quick ratio of 0.87. The company has a fifty day moving average of $5.56 and a two-hundred day moving average of $4.67. The company has a market capitalization of $577.30 million, a price-to-earnings ratio of 3.75 and a beta of 1.17.

Gray Media (NYSE:GTN - Get Free Report) last announced its earnings results on Friday, August 8th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.19). Gray Media had a net margin of 5.64% and a return on equity of 10.31%. The business had revenue of $772.00 million for the quarter, compared to the consensus estimate of $765.16 million. During the same quarter in the previous year, the company earned $0.09 EPS. The firm's revenue for the quarter was down 6.5% on a year-over-year basis. Gray Media has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Gray Media will post 3.32 earnings per share for the current year.

Gray Media Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Monday, September 15th. Gray Media's dividend payout ratio (DPR) is currently 21.19%.

Insider Buying and Selling at Gray Media

In other news, Director Richard Lee Boger sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $5.82, for a total value of $116,400.00. Following the transaction, the director owned 61,343 shares in the company, valued at $357,016.26. This trade represents a 24.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 15.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. purchased a new stake in shares of Gray Media during the fourth quarter valued at approximately $33,000. Nuveen Asset Management LLC increased its position in shares of Gray Media by 1.1% during the fourth quarter. Nuveen Asset Management LLC now owns 336,905 shares of the company's stock valued at $1,061,000 after acquiring an additional 3,737 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Gray Media by 102.3% during the fourth quarter. Two Sigma Investments LP now owns 176,644 shares of the company's stock valued at $556,000 after acquiring an additional 89,319 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Gray Media during the fourth quarter valued at approximately $134,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Gray Media by 49.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 357,198 shares of the company's stock valued at $1,125,000 after acquiring an additional 117,827 shares during the last quarter. Institutional investors own 78.64% of the company's stock.

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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