Gray Television (GTN) to Release Quarterly Earnings on Thursday

Gray Television (NYSE:GTN) is expected to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $1.59 per share and revenue of $1.04 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Gray Television Trading Up 7.2 %

Shares of GTN stock opened at $4.08 on Tuesday. Gray Television has a 12 month low of $2.91 and a 12 month high of $7.41. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. The business’s 50 day moving average is $3.55 and its two-hundred day moving average is $4.44. The company has a market cap of $406.14 million, a PE ratio of 2.72 and a beta of 1.40.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GTN shares. Barrington Research upgraded Gray Television to a “hold” rating in a report on Thursday, November 14th. Guggenheim lowered their price target on 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 raised Gray Television from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Benchmark reduced their price objective on Gray Television from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.67.

Insider Activity

In related news, EVP Kevin Paul Latek sold 150,216 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $4.37, for a total value of $656,443.92. Following the completion of the transaction, the executive vice president now directly owns 509,212 shares of the company’s stock, valued at $2,225,256.44. This trade represents a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.80% of the stock is owned by company insiders.

Gray Television 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.