Gray Media (NYSE:GTN) Releases Earnings Results, Misses Estimates 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) released its quarterly earnings results on Friday. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.19), Zacks reports. Gray Media had a net margin of 5.64% and a return on equity of 10.31%. The company had revenue of $772.00 million during the quarter, compared to the consensus estimate of $765.16 million. During the same quarter last year, the firm earned $0.09 EPS. The business's revenue was down 6.5% on a year-over-year basis. Gray Media updated its Q3 2025 guidance to EPS.

Gray Media Stock Performance

GTN traded down $0.04 during midday trading on Wednesday, hitting $5.72. 456,274 shares of the company traded hands, compared to its average volume of 1,505,252. The company has a quick ratio of 0.91, a current ratio of 0.87 and a debt-to-equity ratio of 2.56. The firm has a market capitalization of $580.32 million, a PE ratio of 3.79 and a beta of 1.20. The company's 50-day moving average is $4.64 and its 200 day moving average is $4.17. Gray Media has a 52 week low of $2.91 and a 52 week high of $6.16.

Gray Media Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, September 15th. This represents a $0.32 annualized dividend and a yield of 5.6%. Gray Media's dividend payout ratio is currently 21.19%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GTN shares. Wells Fargo & Company boosted their target price on shares of Gray Media from $4.50 to $5.00 and gave the company an "equal weight" rating in a report on Monday. Benchmark reiterated a "buy" rating and issued a $9.00 price target (up previously from $7.00) on shares of Gray Media in a research note on Monday. Barrington Research upgraded shares of Gray Media from a "hold" rating to a "strong-buy" rating and set a $6.50 price target on the stock 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 investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $6.88.

Insider Activity at Gray Media

In other Gray Media news, CFO Jeffrey R. Gignac purchased 12,500 shares of Gray Media stock in a transaction dated Thursday, June 5th. The stock was purchased at an average price 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 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 filing with the Securities & Exchange Commission, which is accessible through this link. 15.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Gray Media

Several hedge funds and other institutional investors have recently made changes to their positions in GTN. Empowered Funds LLC increased its holdings in Gray Media by 7.4% in the 1st quarter. Empowered Funds LLC now owns 464,859 shares of the company's stock worth $2,008,000 after acquiring an additional 32,173 shares in the last quarter. American Century Companies Inc. increased its holdings in Gray Media by 17.4% in the 2nd quarter. American Century Companies Inc. now owns 161,180 shares of the company's stock worth $730,000 after acquiring an additional 23,842 shares in the last quarter. Cetera Investment Advisers increased its holdings in Gray Media by 19.7% in the 2nd quarter. Cetera Investment Advisers now owns 91,032 shares of the company's stock worth $412,000 after acquiring an additional 14,976 shares in the last quarter. Rhumbline Advisers increased its holdings in Gray Media by 7.0% in the 2nd quarter. Rhumbline Advisers now owns 145,450 shares of the company's stock worth $659,000 after acquiring an additional 9,575 shares in the last quarter. Finally, Creative Planning boosted its stake in Gray Media by 17.3% in the 2nd quarter. Creative Planning now owns 63,544 shares of the company's stock worth $288,000 after purchasing an additional 9,358 shares during the period. Hedge funds and other 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.