Gray Television (GTN) to Release Earnings on Friday

Gray Television (NYSE:GTN) will be issuing its quarterly earnings data before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.94 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Gray Television (NYSE:GTN) last issued its earnings results on Thursday, August 8th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $826.00 million during the quarter, compared to analysts’ expectations of $840.33 million. Gray Television had a return on equity of 3.02% and a net margin of 1.84%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business posted ($0.10) earnings per share. On average, analysts expect Gray Television to post $4 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Gray Television Trading Up 4.2 %

Shares of GTN opened at $5.95 on Thursday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 2.98. The firm has a market capitalization of $593.04 million, a P/E ratio of 85.01, a price-to-earnings-growth ratio of 0.13 and a beta of 1.47. The stock’s fifty day simple moving average is $5.30 and its 200 day simple moving average is $5.47. Gray Television has a twelve month low of $4.15 and a twelve month high of $10.07.

Analyst Upgrades and Downgrades

GTN has been the subject of several recent research reports. Wells Fargo & Company lowered their price target on Gray Television from $6.00 to $4.00 and set an “underweight” rating for the company in a report on Friday, August 9th. Benchmark lowered their price target on Gray Television from $13.00 to $11.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Guggenheim dropped their target price on Gray Television from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $8.33.

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.