Gray Television (GTN) to Release Earnings on Tuesday

Gray Television (NYSE:GTN) is set to announce its earnings results before the market opens on Tuesday, November 6th. Analysts expect the company to announce earnings of $0.61 per share for the quarter.

Gray Television (NYSE:GTN) last announced its earnings results on Tuesday, August 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. Gray Television had a net margin of 25.99% and a return on equity of 11.89%. The firm had revenue of $250.34 million during the quarter, compared to the consensus estimate of $252.11 million. On average, analysts expect Gray Television to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of GTN stock opened at $17.45 on Monday. Gray Television has a twelve month low of $10.70 and a twelve month high of $18.75. The stock has a market capitalization of $1.55 billion, a P/E ratio of 14.91, a PEG ratio of 0.87 and a beta of 2.23. The company has a debt-to-equity ratio of 1.74, a current ratio of 4.69 and a quick ratio of 4.69.

Several research analysts recently weighed in on GTN shares. ValuEngine raised shares of Gray Television from a “hold” rating to a “buy” rating in a research note on Wednesday, July 11th. Barrington Research restated an “outperform” rating on shares of Gray Television in a report on Monday, July 16th. Noble Financial set a $23.00 price target on Gray Television and gave the company a “buy” rating in a report on Wednesday, August 8th. Finally, Zacks Investment Research upgraded Gray Television from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Wednesday, September 5th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Gray Television currently has a consensus rating of “Buy” and a consensus price target of $21.50.

About Gray Television

Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 23, 2018, the company owned and operated television stations in 57 television markets broadcasting approximately 200 program streams, including approximately 100 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.

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Earnings History for Gray Television (NYSE:GTN)

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