Gray Television, Inc. (GTN) Set to Announce Quarterly Earnings on Monday
Gray Television, Inc. (NYSE:GTN) will be issuing its quarterly earnings data before the market opens on Monday, November 6th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.
Gray Television (NYSE:GTN) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. Gray Television had a return on equity of 17.32% and a net margin of 13.38%. The company had revenue of $226.70 million during the quarter, compared to analyst estimates of $221.05 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. On average, analysts expect Gray Television to post $1.63 EPS for the current fiscal year and $1.7 EPS for the next fiscal year.
Shares of Gray Television, Inc. (NYSE:GTN) traded down 0.32% on Monday, reaching $15.35. The company’s stock had a trading volume of 454,276 shares. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 9.55 and a beta of 3.25. Gray Television, Inc. has a 52 week low of $7.00 and a 52 week high of $16.70. The stock has a 50-day moving average of $15.05 and a 200 day moving average of $14.12.
A number of equities research analysts recently commented on GTN shares. ValuEngine lowered Gray Television from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 15th. Royal Bank Of Canada set a $16.00 price objective on Gray Television and gave the company a “buy” rating in a research report on Tuesday, July 18th. BidaskClub lowered Gray Television from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 6th. Benchmark Co. increased their price objective on Gray Television from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Gray Television from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Thursday, September 21st. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.17.
About Gray Television
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).
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