Gray Television (GTN) Projected to Post Earnings on Thursday

Gray Television (NYSE:GTN - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Thursday, May 8th. Analysts expect Gray Television to post earnings of ($0.48) per share and revenue of $772.71 million for the quarter. Gray Television has set its Q1 2025 guidance at EPS.

Gray Television (NYSE:GTN - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $1.59 earnings per share for the quarter, meeting analysts' consensus estimates of $1.59. Gray Television had a return on equity of 9.60% and a net margin of 5.69%. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.04 billion. On average, analysts expect Gray Television to post $3 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Gray Television Stock Performance

GTN stock traded up $0.37 on Friday, reaching $3.71. The company's stock had a trading volume of 1,749,109 shares, compared to its average volume of 1,425,933. Gray Television has a 52 week low of $2.91 and a 52 week high of $7.41. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $376.72 million, a P/E ratio of 2.47 and a beta of 1.15. The firm has a fifty day moving average of $3.87 and a two-hundred day moving average of $4.04.

Gray Television Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 8.63%. Gray Television's payout ratio is 9.61%.

Insider Buying and Selling

In other news, Director Richard Lee Boger sold 16,000 shares of the firm's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $3.85, for a total transaction of $61,600.00. Following the completion of the sale, the director now directly owns 55,347 shares of the company's stock, valued at $213,085.95. This trade represents a 22.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 15.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GTN. Guggenheim decreased their target price on shares of Gray Television from $8.00 to $7.00 and set a "buy" rating for the company in a research report on Monday, March 10th. Wells Fargo & Company upgraded shares of Gray Television from an "underweight" rating to an "equal weight" rating and set a $4.00 price objective for the company in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Gray Television has an average rating of "Moderate Buy" and an average price target of $6.33.

Gray Television 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.