Gray Television Q2 EPS Estimate Cut by Barrington Research

Gray Television, Inc. (NYSE:GTN) – Stock analysts at Barrington Research dropped their Q2 2025 earnings per share estimates for Gray Television in a research note issued on Tuesday, May 13th. Barrington Research analyst P. Sholl now expects that the company will post earnings of ($0.34) per share for the quarter, down from their prior estimate 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.

Other analysts have also recently issued reports about the company. Wells Fargo & Company increased their price target on Gray Television from $4.00 to $4.50 and gave the stock an “equal weight” rating in a research report on Monday. StockNews.com downgraded shares of Gray Television from a “hold” rating to a “sell” rating in a report on Monday. Guggenheim lowered 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 report on Monday, March 10th. Finally, Benchmark cut their price objective on shares of Gray Television from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $6.17.

Gray Television Price Performance

Shares of NYSE:GTN opened at $4.21 on Thursday. The company has a market cap of $427.50 million, a PE ratio of 2.81 and a beta of 1.15. Gray Television has a fifty-two week low of $2.91 and a fifty-two week high of $7.13. The firm has a 50-day simple moving average of $3.95 and a 200 day simple moving average of $3.97. 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 (NYSE:GTN) last released its earnings results on Thursday, May 8th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.49) by $0.26. The company had revenue of $782.00 million during the quarter, compared to the consensus estimate of $772.71 million. Gray Television had a net margin of 5.69% and a return on equity of 9.60%. The company’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 EPS.

Institutional Trading of Gray Television

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

Insider Buying and Selling

In other Gray Television news, Director Richard Lee Boger sold 16,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 55,347 shares in the company, valued at $213,085.95. This represents a 22.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 15.22% of the company’s stock.

Gray Television Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.60%. The ex-dividend date of this dividend is Friday, June 13th. Gray Television’s dividend payout ratio is currently 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.