Gray Television (GTN) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS
Gray Television (NYSE:GTN) issued its quarterly earnings data on Thursday. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.12 by $0.09, StockRatingsNetwork reports. The company had revenue of $107.20 million for the quarter, compared to the consensus estimate of $103.40 million.
On the ratings front, analysts at Zacks upgraded shares of Gray Television from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 10th. They now have a $14.00 price target on the stock.
Shares of Gray Television (NYSE:GTN) opened at 12.22 on Thursday. Gray Television has a 52 week low of $6.01 and a 52 week high of $15.17. The stock’s 50-day moving average is $12.50 and its 200-day moving average is $11.38. The company has a market cap of $710.4 million and a P/E ratio of 37.46.
Gray Television, Inc (NYSE:GTN), is a television broadcast company.
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