Gray Television (NYSE:GTN) Posts Quarterly Earnings Results

Gray Television (NYSE:GTN) released its quarterly earnings data on Thursday. The company reported $1.59 earnings per share for the quarter, meeting the consensus estimate of $1.59, Zacks reports. Gray Television had a return on equity of 9.60% and a net margin of 5.69%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Gray Television updated its Q1 2025 guidance to EPS.

Gray Television Stock Up 0.9 %

NYSE GTN opened at $3.91 on Friday. The business has a fifty day moving average price of $3.60 and a 200 day moving average price of $4.43. 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 company has a market cap of $389.30 million, a P/E ratio of 2.60 and a beta of 1.41. Gray Television has a one year low of $2.91 and a one year high of $7.41.

Insiders Place Their Bets

In other news, EVP Kevin Paul Latek sold 150,216 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.37, for a total value of $656,443.92. Following the transaction, the executive vice president now directly owns 509,212 shares of the company’s stock, valued at approximately $2,225,256.44. This trade represents a 22.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GTN. Benchmark lowered their price target on shares of Gray Television from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Barrington Research raised Gray Television to a “hold” rating in a research report on Thursday, November 14th. Guggenheim cut their price target on Gray Television from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Finally, StockNews.com upgraded Gray Television from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.67.

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.