Gray Media (NYSE:GTN – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.
GTN has been the topic of several other reports. Zacks Research cut shares of Gray Media from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 28th. Weiss Ratings lowered Gray Media from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 9th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Gray Media presently has an average rating of “Hold” and an average price target of $7.88.
Read Our Latest Stock Report on Gray Media
Gray Media Price Performance
Shares of GTN opened at $4.89 on Friday. The company has a market capitalization of $504.09 million, a price-to-earnings ratio of 16.88, a P/E/G ratio of 0.10 and a beta of 1.00. Gray Media has a fifty-two week low of $3.55 and a fifty-two week high of $6.43. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.95 and a quick ratio of 0.95. The business’s 50-day moving average is $4.65 and its 200-day moving average is $4.59.
Gray Media (NYSE:GTN – Get Free Report) last announced its quarterly earnings data on Friday, November 6th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.20). The company had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $955.75 million. Gray Media had a net margin of 1.84% and a return on equity of 3.00%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.24) earnings per share. Equities research analysts expect that Gray Media will post 2.35 EPS for the current fiscal year.
Institutional Investors Weigh In On Gray Media
A number of large investors have recently bought and sold shares of the business. Ritholtz Wealth Management grew its holdings in Gray Media by 21.9% during the third quarter. Ritholtz Wealth Management now owns 12,273 shares of the company’s stock valued at $55,000 after purchasing an additional 2,201 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Gray Media by 3.7% in the first quarter. Cetera Investment Advisers now owns 69,392 shares of the company’s stock worth $301,000 after buying an additional 2,477 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Gray Media by 57.1% during the 1st quarter. Parallel Advisors LLC now owns 7,901 shares of the company’s stock worth $34,000 after buying an additional 2,873 shares during the period. Royal Bank of Canada boosted its holdings in shares of Gray Media by 60.5% during the 1st quarter. Royal Bank of Canada now owns 16,573 shares of the company’s stock worth $71,000 after buying an additional 6,247 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Gray Media during the 2nd quarter worth $32,000. 78.64% of the stock is currently owned by institutional investors.
Gray Media News Summary
Here are the key news stories impacting Gray Media this week:
- Positive Sentiment: Full-year 2026 revenue guidance is $3.7 billion, above the $3.6 billion consensus estimate. Fourth-quarter revenue guidance of $1.1 billion is in line with expectations. Gray Media Announces Third Quarter Financial Results
- Positive Sentiment: Third-quarter revenue was $972 million, topping analysts’ $955.75 million estimate and rising 29.8% year over year. Gray Media third-quarter earnings report
- Positive Sentiment: Gray Media authorized a quarterly cash dividend of $0.08 per share, payable December 31 to shareholders of record on December 15. Gray announces quarterly cash dividend
- Negative Sentiment: Third-quarter EPS was $0.66, below analysts’ estimates of roughly $0.84–$0.86. The earnings shortfall may weigh on sentiment despite the revenue beat; the company also reported a negative net margin. Gray Media misses Q3 earnings estimates
About Gray Media
Gray Media, formerly known as Gray Television, is a multimedia company that owns and operates local television stations and related digital media properties in markets across the United States. Its stations provide local news, weather, sports, public affairs and entertainment programming, while also distributing content through websites, mobile platforms and other digital channels.
The company’s broadcast portfolio includes affiliates of major networks such as ABC, CBS, NBC, FOX and The CW, as well as independent and specialty stations.
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