Barrington Research Comments on Gray Television Q1 Earnings

Gray Television, Inc. (NYSE:GTN - Free Report) - Investment analysts at Barrington Research lowered their Q1 2025 earnings per share (EPS) estimates for shares of Gray Television in a note issued to investors on Wednesday, April 30th. Barrington Research analyst P. Sholl now expects that the company will earn ($0.49) per share for the quarter, down from their prior estimate of ($0.48). The consensus estimate for Gray Television's current full-year earnings is $3.32 per share. Barrington Research also issued estimates for Gray Television's Q2 2025 earnings at ($0.17) EPS, Q3 2025 earnings at ($0.26) EPS, Q4 2025 earnings at $0.08 EPS, FY2025 earnings at ($0.84) EPS, Q1 2026 earnings at ($0.24) EPS, FY2026 earnings at $2.86 EPS and FY2027 earnings at $0.08 EPS.

Gray Television (NYSE:GTN - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $1.59 earnings per share for the quarter, hitting analysts' consensus estimates of $1.59. Gray Television had a net margin of 5.69% and a return on equity of 9.60%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion.

Several other research analysts have also recently commented on the company. Benchmark reduced their target price on Gray Television from $8.00 to $7.00 and set a "buy" rating for the company in a research report on Tuesday. Wells Fargo & Company raised shares of Gray Television from an "underweight" rating to an "equal weight" rating and set a $4.00 price target for the company in a research report on Monday, March 3rd. Finally, Guggenheim decreased their price objective on Gray Television from $8.00 to $7.00 and set a "buy" rating on the stock in a report on Monday, March 10th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $6.00.

Gray Television Stock Performance

Shares of GTN traded down $0.12 during trading hours on Monday, reaching $3.84. 2,226,037 shares of the company traded hands, compared to its average volume of 1,438,116. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.13 and a current ratio of 1.13. The stock's fifty day moving average is $3.87 and its 200 day moving average is $4.01. Gray Television has a 1-year low of $2.91 and a 1-year high of $7.41. The stock has a market cap of $389.42 million, a P/E ratio of 2.56 and a beta of 1.15.

Institutional Investors Weigh In On Gray Television

Several hedge funds and other institutional investors have recently made changes to their positions in GTN. Cetera Investment Advisers increased its position in Gray Television by 128.0% in the first quarter. Cetera Investment Advisers now owns 76,056 shares of the company's stock worth $329,000 after purchasing an additional 42,698 shares during the period. Royce & Associates LP bought a new position in shares of Gray Television in the 1st quarter valued at about $143,000. KLP Kapitalforvaltning AS grew its position in shares of Gray Television by 481.0% during the 1st quarter. KLP Kapitalforvaltning AS now owns 79,600 shares of the company's stock worth $344,000 after buying an additional 65,900 shares during the period. Choreo LLC raised its stake in shares of Gray Television by 13.2% during the first quarter. Choreo LLC now owns 30,374 shares of the company's stock worth $131,000 after buying an additional 3,547 shares during the last quarter. Finally, Capital Management Corp VA lifted its holdings in Gray Television by 19.2% in the first quarter. Capital Management Corp VA now owns 6,867,026 shares of the company's stock valued at $29,666,000 after buying an additional 1,103,690 shares during the period. 78.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gray Television

In other Gray Television news, Director Richard Lee Boger sold 16,000 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $3.85, for a total value of $61,600.00. Following the completion of the sale, the director now owns 55,347 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Company insiders own 15.22% of the company's stock.

Gray Television Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 8.34%. The ex-dividend date was Friday, March 14th. Gray Television's dividend payout ratio is currently 9.61%.

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.