Gray Television (GTN) to Release Quarterly Earnings on Thursday

Gray Television (NYSE:GTN) is projected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $1.59 per share and revenue of $1.04 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Gray Television Price Performance

GTN stock opened at $4.08 on Tuesday. 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 one year low of $2.91 and a one year high of $7.41. The firm has a market capitalization of $406.14 million, a PE ratio of 2.72 and a beta of 1.40. The firm has a 50-day moving average of $3.55 and a two-hundred day moving average of $4.44.

Insider Buying and Selling

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

Analyst Ratings Changes

GTN has been the subject of a number of research analyst reports. Barrington Research raised shares of Gray Television to a “hold” rating in a research report on Thursday, November 14th. StockNews.com raised shares of Gray Television from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Benchmark reduced 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. Finally, Guggenheim reduced their price target on shares of Gray Television from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Gray Television has an average rating of “Moderate Buy” and a consensus price target of $6.67.

About Gray Television

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.