Barrington Research Comments on Gray Television Q2 Earnings

Gray Television, Inc. (NYSE:GTN) – Barrington Research lowered their Q2 2026 earnings per share estimates for Gray Television in a research note issued on Wednesday, April 30th. Barrington Research analyst P. Sholl now expects that the company will earn $0.66 per share for the quarter, down from their previous estimate of $0.71. 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 Q3 2026 earnings at $0.71 EPS and Q4 2026 earnings at $1.72 EPS.

Several other analysts also recently weighed in on GTN. Guggenheim dropped their target price on shares of Gray Television from $8.00 to $7.00 and set a “buy” rating for the company in a report on Monday, March 10th. Wells Fargo & Company raised Gray Television from an “underweight” rating to an “equal weight” rating and set a $4.00 price objective for the company in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Gray Television currently has a consensus rating of “Moderate Buy” and an average price target of $6.33.

Gray Television Price Performance

Shares of GTN opened at $3.71 on Friday. The firm has a 50-day simple moving average of $3.87 and a two-hundred day simple moving average of $4.04. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. Gray Television has a 1-year low of $2.91 and a 1-year high of $7.41. The stock has a market cap of $376.72 million, a PE ratio of 2.47 and a beta of 1.15.

Gray Television (NYSE:GTN) last released its quarterly earnings results on Thursday, February 27th. The company reported $1.59 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.59. The business had revenue of $1.05 billion during 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 Trading of Gray Television

A number of large investors have recently made changes to their positions in GTN. Voleon Capital Management LP acquired a new position in Gray Television during the 4th quarter worth approximately $32,000. Ameriprise Financial Inc. purchased a new stake in shares of Gray Television during the 4th quarter worth $33,000. Boothbay Fund Management LLC acquired a new position in shares of Gray Television during the fourth quarter worth $34,000. Harbor Capital Advisors Inc. increased its holdings in Gray Television by 157.6% in the first quarter. Harbor Capital Advisors Inc. now owns 8,752 shares of the company’s stock valued at $38,000 after buying an additional 5,355 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in Gray Television by 214,100.0% in the fourth quarter. Federated Hermes Inc. now owns 12,852 shares of the company’s stock valued at $40,000 after buying an additional 12,846 shares in the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gray Television

In other news, Director Richard Lee Boger sold 16,000 shares of Gray Television stock in a transaction dated Friday, February 28th. The stock was 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 in the company, valued at approximately $213,085.95. This trade represents a 22.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.22% of the stock is currently owned by corporate insiders.

Gray Television Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 8.63%. Gray Television’s dividend payout ratio (DPR) is presently 9.61%.

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.