Q1 EPS Estimate for Gray Television Decreased by Analyst

Gray Television, Inc. (NYSE:GTN) – Analysts at Barrington Research reduced their Q1 2025 earnings per share (EPS) estimates for shares of Gray Television in a report released on Wednesday, March 5th. Barrington Research analyst P. Sholl now anticipates that the company will post earnings per share of ($0.48) for the quarter, down from their previous forecast of ($0.30). Barrington Research currently has a “Hold” rating on the stock. 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 ($0.03) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at $0.29 EPS and FY2025 earnings at ($0.27) EPS.

A number of other equities analysts have also recently weighed in on GTN. Wells Fargo & Company raised Gray Television from an “underweight” rating to an “equal weight” rating and set a $4.00 price objective on the stock in a report on Monday, March 3rd. Guggenheim reduced their price target on Gray Television from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $6.33.

Gray Television Stock Performance

Shares of NYSE GTN opened at $3.88 on Monday. The stock has a market cap of $393.48 million, a price-to-earnings ratio of 2.58 and a beta of 1.45. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76. Gray Television has a 1-year low of $2.91 and a 1-year high of $7.41. The stock’s 50-day moving average is $3.70 and its 200 day moving average is $4.37.

Gray Television (NYSE:GTN) last announced its quarterly earnings data on Thursday, February 27th. The company reported $1.59 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.59. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Gray Television had a return on equity of 9.60% and a net margin of 5.69%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GTN. GSA Capital Partners LLP raised its stake in shares of Gray Television by 287.9% in the third quarter. GSA Capital Partners LLP now owns 232,832 shares of the company’s stock worth $1,248,000 after purchasing an additional 172,801 shares during the last quarter. State Street Corp raised its stake in shares of Gray Television by 1.9% in the third quarter. State Street Corp now owns 2,009,896 shares of the company’s stock worth $10,773,000 after purchasing an additional 36,541 shares during the last quarter. Barclays PLC raised its stake in shares of Gray Television by 114.4% in the third quarter. Barclays PLC now owns 272,272 shares of the company’s stock worth $1,460,000 after purchasing an additional 145,263 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of Gray Television in the fourth quarter worth $340,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Gray Television by 109.3% in the third quarter. BNP Paribas Financial Markets now owns 127,497 shares of the company’s stock worth $683,000 after purchasing an additional 66,578 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Insider Transactions at Gray Television

In related news, Director Richard Lee Boger sold 16,000 shares of Gray Television stock in a transaction that occurred 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 sale, the director now directly owns 55,347 shares in the company, valued at $213,085.95. The trade was a 22.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.80% of the company’s stock.

Gray Television Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 8.26%. 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.