Gray Television (GTN) to Announce Earnings on Friday

Gray Television (NYSE:GTN) is scheduled to post its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect Gray Television to post earnings of $0.94 per share for the quarter. Gray Television has set its Q3 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Gray Television (NYSE:GTN) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business had revenue of $826.00 million during the quarter, compared to analyst estimates of $840.33 million. Gray Television had a net margin of 1.84% and a return on equity of 3.02%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.10) earnings per share. On average, analysts expect Gray Television to post $4 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Gray Television Stock Down 1.8 %

GTN stock opened at $5.72 on Friday. Gray Television has a 1-year low of $4.15 and a 1-year high of $10.07. The business’s 50 day simple moving average is $5.23 and its 200 day simple moving average is $5.47. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 2.98. The firm has a market capitalization of $566.57 million, a PE ratio of -47.63, a PEG ratio of 0.12 and a beta of 1.49.

Gray Television Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.32 annualized dividend and a dividend yield of 5.60%. Gray Television’s dividend payout ratio is currently -266.67%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GTN shares. Guggenheim decreased their price target on shares of Gray Television from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Benchmark reduced their price objective on Gray Television from $13.00 to $11.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Wells Fargo & Company lowered their target price on Gray Television from $6.00 to $4.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $8.33.

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.