Barrington Research Weighs in on Gray Television, Inc.’s FY2025 Earnings (NYSE:GTN)

Gray Television, Inc. (NYSE:GTN) – Research analysts at Barrington Research lifted their FY2025 earnings estimates for shares of Gray Television in a research report issued on Tuesday, July 23rd. Barrington Research analyst J. Goss now anticipates that the company will earn ($0.29) per share for the year, up from their previous estimate of ($0.30). The consensus estimate for Gray Television’s current full-year earnings is $5.15 per share. Barrington Research also issued estimates for Gray Television’s FY2026 earnings at $2.90 EPS.

GTN has been the topic of several other reports. Wells Fargo & Company raised their target price on Gray Television from $5.50 to $6.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 8th. Loop Capital upgraded shares of Gray Television to a “strong-buy” rating in a research note on Wednesday, May 8th. Finally, Benchmark boosted their target price on shares of Gray Television from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Gray Television currently has an average rating of “Hold” and a consensus target price of $11.40.

Gray Television Stock Up 3.0 %

GTN stock opened at $6.28 on Friday. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.42 and a current ratio of 1.42. Gray Television has a 1 year low of $4.39 and a 1 year high of $10.69. The stock’s fifty day moving average price is $5.45 and its 200-day moving average price is $6.49.

Gray Television (NYSE:GTN) last posted its earnings results on Tuesday, May 7th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. The business had revenue of $823.00 million during the quarter, compared to the consensus estimate of $824.98 million. Gray Television had a net margin of 1.30% and a return on equity of 2.13%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.48) EPS.

Institutional Investors Weigh In On Gray Television

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Gray Television during the first quarter worth about $25,000. CWM LLC boosted its stake in Gray Television by 61.5% in the 4th quarter. CWM LLC now owns 3,017 shares of the company’s stock worth $27,000 after purchasing an additional 1,149 shares during the period. Entropy Technologies LP purchased a new stake in Gray Television during the 1st quarter valued at approximately $73,000. Innealta Capital LLC bought a new stake in shares of Gray Television during the first quarter valued at approximately $74,000. Finally, Dakota Wealth Management lifted its holdings in shares of Gray Television by 34.5% in the second quarter. Dakota Wealth Management now owns 14,753 shares of the company’s stock worth $77,000 after buying an additional 3,781 shares in the last quarter. 78.64% of the stock is owned by institutional investors.

Gray Television Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.32 dividend on an annualized basis and a yield of 5.10%. Gray Television’s payout ratio is presently -266.67%.

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.