Research Analysts Issue Forecasts for Gray Media Q3 Earnings

Key Points

• Analysts from Barrington Research have revised their Q3 2025 earnings per share estimate for Gray Media to ($0.41), down from a prior estimate of ($0.32), maintaining a "Strong-Buy" rating with a price target of $6.50.
• Gray Media's shares are currently trading at $5.77, reflecting a 13.9% increase, with a market capitalization of approximately $585.40 million.
• The company recently announced a quarterly dividend of $0.08 per share, with a yield of 5.6%, payable on September 30th to investors of record on September 15th.

Gray Media Inc. (NYSE:GTN - Free Report) - Analysts at Barrington Research dropped their Q3 2025 earnings per share estimates for Gray Media in a research note issued to investors on Monday, August 11th. Barrington Research analyst P. Sholl now forecasts that the company will post earnings per share of ($0.41) for the quarter, down from their prior estimate of ($0.32). Barrington Research has a "Strong-Buy" rating and a $6.50 price objective on the stock. The consensus estimate for Gray Media's current full-year earnings is $3.32 per share. Barrington Research also issued estimates for Gray Media's Q4 2025 earnings at ($0.05) EPS, FY2025 earnings at ($1.11) EPS, Q1 2026 earnings at ($0.17) EPS, Q2 2026 earnings at $0.48 EPS, Q3 2026 earnings at $0.58 EPS, FY2026 earnings at $2.46 EPS and FY2027 earnings at ($0.21) EPS.

Other research analysts have also issued reports about the company. Wall Street Zen lowered Gray Media from a "hold" rating to a "sell" rating in a report on Saturday. Wells Fargo & Company increased their price objective on Gray Media from $4.50 to $5.00 and gave the company an "equal weight" rating in a report on Monday. Finally, Benchmark reissued a "buy" rating and issued a $9.00 price objective (up from $7.00) on shares of Gray Media in a report on Monday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $6.88.

Gray Media Stock Up 13.9%

Shares of GTN stock opened at $5.77 on Wednesday. The stock's 50-day simple moving average is $4.64 and its 200-day simple moving average is $4.17. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.91 and a current ratio of 0.87. The firm has a market capitalization of $585.40 million, a PE ratio of 3.82 and a beta of 1.20. Gray Media has a fifty-two week low of $2.91 and a fifty-two week high of $6.16.

Gray Media (NYSE:GTN - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.19). The firm had revenue of $772.00 million during the quarter, compared to analyst estimates of $765.16 million. Gray Media had a net margin of 5.64% and a return on equity of 10.31%. The firm's revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share.

Institutional Trading of Gray Media

Several institutional investors have recently bought and sold shares of GTN. Miller Value Partners LLC grew its holdings in Gray Media by 132.1% in the fourth quarter. Miller Value Partners LLC now owns 3,384,450 shares of the company's stock valued at $10,661,000 after purchasing an additional 1,926,330 shares during the period. Capital Management Corp VA grew its holdings in Gray Media 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 purchasing an additional 1,103,690 shares during the period. Millennium Management LLC grew its holdings in Gray Media by 903.0% in the fourth quarter. Millennium Management LLC now owns 719,201 shares of the company's stock valued at $2,265,000 after purchasing an additional 808,764 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Gray Media by 60.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,956,635 shares of the company's stock valued at $8,453,000 after purchasing an additional 734,085 shares during the period. Finally, Nuveen LLC acquired a new stake in Gray Media in the first quarter valued at approximately $2,876,000. 78.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Jeffrey R. Gignac bought 12,500 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average cost of $3.68 per share, with a total value of $46,000.00. Following the completion of the acquisition, the chief financial officer directly owned 644,599 shares in the company, valued at approximately $2,372,124.32. The trade was a 1.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 15.22% of the stock is currently owned by company insiders.

Gray Media Dividend Announcement

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

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.

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