Barrington Research Estimates Gray Television Q2 Earnings

Gray Television, Inc. (NYSE:GTN) – Investment analysts at Barrington Research dropped their Q2 2025 earnings estimates for shares of Gray Television in a report released on Tuesday, May 13th. Barrington Research analyst P. Sholl now anticipates that the company will earn ($0.34) per share for the quarter, down from their prior forecast of ($0.17). 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 2025 earnings at ($0.27) EPS, Q4 2025 earnings at $0.12 EPS, FY2025 earnings at ($0.72) EPS, Q1 2026 earnings at ($0.16) EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.68 EPS, Q4 2026 earnings at $1.77 EPS, FY2026 earnings at $2.79 EPS and FY2027 earnings at $0.03 EPS.

GTN has been the subject of several other reports. Benchmark decreased their price target on shares of Gray Television from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Guggenheim reduced their price target on shares of Gray Television from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Wells Fargo & Company raised their target price on shares of Gray Television from $4.00 to $4.50 and gave the stock an “equal weight” rating in a research note on Monday. Finally, StockNews.com cut shares of Gray Television from a “hold” rating to a “sell” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.17.

Gray Television Stock Down 1.2%

Shares of NYSE GTN opened at $4.15 on Thursday. 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 12 month low of $2.91 and a 12 month high of $6.67. The firm has a market capitalization of $421.40 million, a PE ratio of 2.77 and a beta of 1.15. The firm has a fifty day simple moving average of $3.95 and a two-hundred day simple moving average of $3.96.

Gray Television (NYSE:GTN) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.26. Gray Television had a net margin of 5.69% and a return on equity of 9.60%. The business had revenue of $782.00 million during the quarter, compared to analyst estimates of $772.71 million. During the same period in the prior year, the business earned $0.79 EPS. The company’s revenue for the quarter was down 5.0% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GTN. Capital Management Corp VA lifted its stake in shares of Gray Television by 19.2% in the 1st quarter. Capital Management Corp VA now owns 6,867,026 shares of the company’s stock valued at $29,666,000 after purchasing an additional 1,103,690 shares during the period. Miller Value Partners LLC boosted its position in shares of Gray Television by 132.1% during the 4th quarter. Miller Value Partners LLC now owns 3,384,450 shares of the company’s stock valued at $10,661,000 after acquiring an additional 1,926,330 shares during the last quarter. Penn Capital Management Company LLC lifted its position in Gray Television by 16.2% in the first quarter. Penn Capital Management Company LLC now owns 2,017,748 shares of the company’s stock valued at $8,740,000 after buying an additional 281,566 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Gray Television by 60.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,956,635 shares of the company’s stock valued at $8,453,000 after buying an additional 734,085 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Gray Television by 52.6% during the fourth quarter. Marshall Wace LLP now owns 1,161,862 shares of the company’s stock worth $3,660,000 after purchasing an additional 400,274 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Gray Television

In other news, Director Richard Lee Boger sold 16,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $3.85, for a total value of $61,600.00. Following the sale, the director now directly owns 55,347 shares in the company, valued at approximately $213,085.95. This trade represents a 22.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.22% of the company’s stock.

Gray Television Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 7.71%. The ex-dividend date of this dividend is Friday, June 13th. Gray Television’s dividend payout ratio is presently 13.85%.

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.