Gray Media Inc. (NYSE:GTN – Get Free Report) has earned an average rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $7.88.
GTN has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Gray Media from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research downgraded shares of Gray Media from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 28th. Finally, Weiss Ratings downgraded shares of Gray Media from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 9th.
Check Out Our Latest Research Report on Gray Media
Trending Headlines about Gray Media
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
Gray Media Price Performance
Gray Media stock opened at $4.89 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.73. The company’s 50 day moving average price is $4.65 and its two-hundred day moving average price is $4.59. The stock has a market cap of $504.09 million, a P/E ratio of -8.02, a P/E/G ratio of 0.09 and a beta of 1.01. Gray Media has a 52 week low of $3.55 and a 52 week high of $6.43.
Gray Media (NYSE:GTN – Get Free Report) last announced its earnings results on Friday, November 6th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.20). Gray Media had a negative return on equity of 1.12% and a negative net margin of 0.83%. The business had revenue of $972.00 million for the quarter, compared to analyst estimates of $955.75 million. During the same period in the previous year, the company earned ($0.24) earnings per share. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. On average, equities analysts predict that Gray Media will post 2.35 earnings per share for the current year.
Gray Media Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Tuesday, December 15th. Gray Media’s dividend payout ratio (DPR) is presently -52.46%.
Hedge Funds Weigh In On Gray Media
Hedge funds and other institutional investors have recently modified their holdings of the company. Miller Value Partners LLC acquired a new stake in shares of Gray Media during the second quarter worth about $28,756,000. Capital Management Corp VA increased its stake in Gray Media by 0.3% during the 3rd quarter. Capital Management Corp VA now owns 7,092,788 shares of the company’s stock worth $31,918,000 after acquiring an additional 22,119 shares during the period. BlackRock Inc. purchased a new stake in shares of Gray Media in the second quarter worth approximately $27,789,000. Penn Capital Management Company LLC boosted its position in Gray Media by 0.3% during the third quarter. Penn Capital Management Company LLC now owns 3,514,204 shares of the company’s stock valued at $15,847,000 after buying an additional 10,230 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Gray Media by 1.5% in the first quarter. Bank of New York Mellon Corp now owns 1,168,991 shares of the company’s stock worth $5,073,000 after buying an additional 16,833 shares in the last quarter. 78.64% of the stock is owned by institutional investors.
Gray Media Company Profile
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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