Gray Media (NYSE:GTN) Issues Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Key Points

• Gray Media reported a quarterly loss of ($0.71) earnings per share, significantly missing analyst expectations of ($0.23).
• The company generated $772.00 million in revenue for the quarter, surpassing predictions of $765.16 million, but experienced a 6.5% year-over-year decline in revenues.
• Analyst ratings for Gray Media have varied, with the stock receiving a mix of hold and buy ratings, resulting in a current average rating of "Hold" with a price target of $6.17.

Gray Media (NYSE:GTN - Get Free Report) announced its earnings results on Friday. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.19), Zacks reports. Gray Media had a net margin of 7.72% and a return on equity of 12.75%. The business had revenue of $772.00 million for the quarter, compared to the consensus estimate of $765.16 million. During the same quarter last year, the firm posted $0.09 EPS. The business's quarterly revenue was down 6.5% on a year-over-year basis. Gray Media updated its Q3 2025 guidance to EPS.

Gray Media Price Performance

Shares of NYSE GTN traded down $0.01 during midday trading on Friday, reaching $4.13. 3,057,001 shares of the stock traded hands, compared to its average volume of 1,378,352. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $419.36 million, a PE ratio of 1.79 and a beta of 1.20. Gray Media has a one year low of $2.91 and a one year high of $6.16. The company's 50 day moving average is $4.58 and its 200 day moving average is $4.14.

Insider Activity at Gray Media

In related news, CFO Jeffrey R. Gignac purchased 12,500 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average cost of $3.68 per share, for a total transaction of $46,000.00. Following the completion of the transaction, the chief financial officer directly owned 644,599 shares in the company, valued at $2,372,124.32. This represents a 1.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 15.22% of the company's stock.

Institutional Trading of Gray Media

A number of hedge funds and other institutional investors have recently bought and sold shares of GTN. Acadian Asset Management LLC purchased a new position in shares of Gray Media during the first quarter valued at $28,000. Creative Planning increased its stake in shares of Gray Media by 17.3% during the second quarter. Creative Planning now owns 63,544 shares of the company's stock valued at $288,000 after buying an additional 9,358 shares during the period. Cetera Investment Advisers increased its stake in shares of Gray Media by 19.7% during the second quarter. Cetera Investment Advisers now owns 91,032 shares of the company's stock valued at $412,000 after buying an additional 14,976 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Gray Media by 7.4% during the first quarter. Empowered Funds LLC now owns 464,859 shares of the company's stock valued at $2,008,000 after buying an additional 32,173 shares during the period. Hedge funds and other institutional investors own 78.64% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GTN shares. Benchmark lowered their target price on shares of Gray Media from $8.00 to $7.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company increased their target price on shares of Gray Media from $4.00 to $4.50 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, Wall Street Zen downgraded Gray Media from a "hold" rating to a "sell" rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $6.17.

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.