Gray Television (NYSE:GTN – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $1.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.59, Zacks reports. Gray Television had a net margin of 5.69% and a return on equity of 9.60%. Gray Television updated its Q1 2025 guidance to EPS.

Gray Television Trading Up 0.9 %

NYSE:GTN traded up $0.04 during mid-day trading on Thursday, hitting $3.91. 2,844,924 shares of the stock traded hands, compared to its average volume of 1,276,961. The stock has a market capitalization of $389.30 million, a price-to-earnings ratio of 2.60 and a beta of 1.40. Gray Television has a 52 week low of $2.91 and a 52 week high of $7.41. The firm’s 50 day moving average is $3.60 and its two-hundred day moving average is $4.43. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GTN. Guggenheim reduced their price target on shares of Gray Television from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. StockNews.com upgraded shares of Gray Television from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Benchmark reduced their target price on shares of Gray Television from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Finally, Barrington Research upgraded shares of Gray Television to a “hold” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.67.

Check Out Our Latest Stock Analysis on Gray Television

Insider Activity at Gray Television

In related news, EVP Kevin Paul Latek sold 150,216 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.37, for a total transaction of $656,443.92. Following the transaction, the executive vice president now directly owns 509,212 shares in the company, valued at approximately $2,225,256.44. This represents a 22.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.80% of the stock is currently owned by insiders.

About Gray Television

(Get Free Report)

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.

Further Reading

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