Gray Television, Inc. (NYSE:GTN) – Research analysts at Barrington Research upped their Q4 2017 EPS estimates for shares of Gray Television in a report released on Tuesday. Barrington Research analyst J. Goss now forecasts that the company will post earnings per share of $0.28 for the quarter, up from their previous estimate of $0.24. Barrington Research also issued estimates for Gray Television’s FY2018 earnings at $1.70 EPS.

Gray Television (NYSE:GTN) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.09. Gray Television had a net margin of 7.57% and a return on equity of 17.77%. The firm had revenue of $203.46 million for the quarter, compared to the consensus estimate of $194.68 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The firm’s quarterly revenue was up 17.1% on a year-over-year basis.

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Several other analysts also recently issued reports on the stock. Royal Bank Of Canada set a $16.00 price objective on shares of Gray Television and gave the stock a “buy” rating in a report on Tuesday. Benchmark Co. reaffirmed a “buy” rating and set a $19.00 price objective on shares of Gray Television in a report on Monday, May 15th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Gray Television currently has a consensus rating of “Buy” and a consensus price target of $16.25.

Gray Television (NYSE GTN) traded up 1.40% during midday trading on Thursday, reaching $14.50. 216,050 shares of the company traded hands. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 16.48 and a beta of 3.29. The firm has a 50 day moving average of $13.48 and a 200-day moving average of $13.16. Gray Television has a 12 month low of $7.00 and a 12 month high of $15.45.

A number of institutional investors have recently added to or reduced their stakes in the stock. Feltz Wealth PLAN Inc. acquired a new position in shares of Gray Television during the first quarter worth about $101,000. Acrospire Investment Management LLC boosted its position in shares of Gray Television by 1,072.9% in the first quarter. Acrospire Investment Management LLC now owns 11,260 shares of the company’s stock worth $163,000 after buying an additional 10,300 shares in the last quarter. Clinton Group Inc. acquired a new position in shares of Gray Television during the first quarter worth about $176,000. Legal & General Group Plc boosted its position in shares of Gray Television by 3.7% in the first quarter. Legal & General Group Plc now owns 15,997 shares of the company’s stock worth $230,000 after buying an additional 565 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Gray Television during the first quarter worth about $252,000. Hedge funds and other institutional investors own 87.32% of the company’s stock.

Gray Television Company Profile

Gray Television, Inc is a television broadcast company. The Company owns and operates television stations and digital assets in various markets across the United States. As of February 21, 2017, the Company owned and/or operated television stations in 54 television markets broadcasting over 200 separate programming streams, including 37 affiliates of the CBS Network (CBS), 29 affiliates of the NBC Network (NBC), 20 affiliates of the ABC Network (ABC) and 15 affiliates of the FOX Network (FOX).

Earnings History and Estimates for Gray Television (NYSE:GTN)

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