Gray Media (NYSE:GTN) Issues Quarterly Earnings Results

Gray Media (NYSE:GTN) announced its quarterly earnings data on Friday. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.17, Zacks reports. The business had revenue of $749.00 million during the quarter, compared to analyst estimates of $745.25 million. Gray Media had a net margin of 5.64% and a return on equity of 10.31%. The company’s revenue was down 21.2% on a year-over-year basis. During the same period last year, the firm posted $0.86 EPS. Gray Media updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

Gray Media Trading Up 5.3%

GTN traded up $0.25 during trading on Friday, hitting $4.85. 2,035,484 shares of the stock were exchanged, compared to its average volume of 1,410,725. The firm has a market cap of $494.61 million, a price-to-earnings ratio of 3.21 and a beta of 1.15. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.87 and a current ratio of 0.87. Gray Media has a 1 year low of $2.91 and a 1 year high of $6.30. The firm has a 50 day simple moving average of $5.28 and a 200 day simple moving average of $4.83.

Gray Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 6.6%. The ex-dividend date is Monday, December 15th. Gray Media’s dividend payout ratio (DPR) is presently 21.19%.

Wall Street Analyst Weigh In

GTN has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Gray Media from a “sell” rating to a “hold” rating in a research note on Saturday. Guggenheim lifted their price objective on shares of Gray Media from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Wells Fargo & Company upped their target price on Gray Media from $4.50 to $5.00 and gave the company an “equal weight” rating in a research note on Monday, August 11th. Barrington Research reiterated an “outperform” rating and issued a $6.50 price target on shares of Gray Media in a report on Tuesday, September 23rd. Finally, Weiss Ratings cut Gray Media from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.88.

Insider Buying and Selling at Gray Media

In other Gray Media news, Director Richard Lee Boger sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $5.82, for a total transaction of $116,400.00. Following the transaction, the director owned 61,343 shares of the company’s stock, valued at approximately $357,016.26. This trade represents a 24.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.22% of the stock is owned by insiders.

Institutional Trading of Gray Media

Several hedge funds and other institutional investors have recently bought and sold shares of GTN. Acadian Asset Management LLC purchased a new position in shares of Gray Media in the 1st quarter valued at $28,000. Oxford Asset Management LLP lifted its stake in shares of Gray Media by 147.6% during the 2nd quarter. Oxford Asset Management LLP now owns 29,471 shares of the company’s stock worth $134,000 after purchasing an additional 17,566 shares during the last quarter. State of Wyoming bought a new stake in Gray Media during the second quarter valued at about $139,000. Caption Management LLC bought a new stake in Gray Media during the second quarter valued at about $140,000. Finally, Cerity Partners LLC grew its stake in Gray Media by 82.5% in the second quarter. Cerity Partners LLC now owns 39,124 shares of the company’s stock valued at $177,000 after purchasing an additional 17,689 shares during the last quarter. Institutional investors own 78.64% of the company’s stock.

Gray Media 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.