Barrington Research Weighs in on Gray Television Q1 Earnings

Gray Television, Inc. (NYSE:GTN) – Analysts at Barrington Research decreased their Q1 2025 earnings per share (EPS) estimates for Gray Television in a research report issued on Wednesday, March 5th. Barrington Research analyst P. Sholl now forecasts that the company will earn ($0.48) per share for the quarter, down from their previous estimate of ($0.30). Barrington Research 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.

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

GTN has been the topic of a number of other reports. StockNews.com upgraded Gray Television from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Wells Fargo & Company raised shares of Gray Television from an “underweight” rating to an “equal weight” rating and set a $4.00 target price on the stock in a research note on Monday, March 3rd. Guggenheim decreased their price target on Gray Television from $10.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Finally, Benchmark lowered their target price on Gray Television from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Gray Television has a consensus rating of “Moderate Buy” and a consensus price target of $6.67.

Gray Television Trading Up 3.5 %

Shares of GTN opened at $3.75 on Monday. Gray Television has a twelve month low of $2.91 and a twelve month high of $7.41. The firm has a market capitalization of $380.28 million, a P/E ratio of 2.50 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. The stock’s fifty day simple moving average is $3.67 and its 200 day simple moving average is $4.39.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Miller Value Partners LLC raised its stake in Gray Television by 132.1% during the fourth quarter. Miller Value Partners LLC now owns 3,384,450 shares of the company’s stock worth $10,661,000 after acquiring an additional 1,926,330 shares during the period. Millennium Management LLC lifted its holdings in shares of Gray Television by 903.0% in the 4th quarter. Millennium Management LLC now owns 719,201 shares of the company’s stock worth $2,265,000 after purchasing an additional 808,764 shares during the last quarter. Norges Bank acquired a new position in Gray Television during the 4th quarter valued at approximately $2,170,000. Marshall Wace LLP grew its stake in Gray Television by 52.6% during the 4th quarter. Marshall Wace LLP now owns 1,161,862 shares of the company’s stock worth $3,660,000 after buying an additional 400,274 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new stake in Gray Television in the fourth quarter worth $1,261,000. 78.64% of the stock is currently owned by institutional investors.

Insider Activity at Gray Television

In other Gray Television news, Director Richard Lee Boger sold 16,000 shares of Gray Television stock in a transaction on Friday, February 28th. The shares were sold at an average price of $3.85, for a total value of $61,600.00. Following the completion of the transaction, the director now owns 55,347 shares of the company’s stock, 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 link. 4.80% of the stock is owned by corporate insiders.

Gray Television Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.08 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 8.54%. Gray Television’s dividend payout ratio (DPR) is 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.