Gray Television (GTN) Projected to Post Earnings on Thursday

Gray Television (NYSE:GTN) will likely be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Gray Television to post earnings of $1.59 per share and revenue of $1.04 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Gray Television Price Performance

NYSE GTN opened at $4.10 on Thursday. The company has a 50 day moving average price of $3.54 and a two-hundred day moving average price of $4.46. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. Gray Television has a 12-month low of $2.91 and a 12-month high of $8.16. The stock has a market capitalization of $408.15 million, a PE ratio of 2.73 and a beta of 1.41.

Analyst Ratings Changes

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

Insider Activity at Gray Television

In related news, EVP Kevin Paul Latek sold 150,216 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $4.37, for a total transaction of $656,443.92. Following the completion of the transaction, the executive vice president now directly owns 509,212 shares in the company, valued at $2,225,256.44. This represents a 22.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.83% of the company’s stock.

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.