Gray Media Inc. (NYSE:GTN) Stock Has Average Target Price of $7.88

Shares of Gray Media Inc. (NYSE:GTN) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $7.88.

Several brokerages have commented on GTN. Wall Street Zen downgraded Gray Media from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings lowered Gray Media from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 9th. Finally, Zacks Research cut Gray Media from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 28th.

Key Headlines Impacting Gray Media

Here are the key news stories impacting Gray Media this week:

• Positive Sentiment: Full-year 2026 revenue guidance is $3.7 billion, above the $3.6 billion consensus estimate. Fourth-quarter revenue guidance of $1.1 billion is in line with expectations. Gray Media Announces Third Quarter Financial Results
• Positive Sentiment: Third-quarter revenue was $972 million, topping analysts’ $955.75 million estimate and rising 29.8% year over year. Gray Media third-quarter earnings report
• Positive Sentiment: Gray Media authorized a quarterly cash dividend of $0.08 per share, payable December 31 to shareholders of record on December 15. Gray announces quarterly cash dividend
• Negative Sentiment: Third-quarter EPS was $0.66, below analysts’ estimates of roughly $0.84–$0.86. The earnings shortfall may weigh on sentiment despite the revenue beat; the company also reported a negative net margin. Gray Media misses Q3 earnings estimates

Gray Media Stock Up 0.3%

GTN opened at $4.89 on Friday. Gray Media has a 1-year low of $3.55 and a 1-year high of $6.43. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.73. The stock’s fifty day simple moving average is $4.65 and its 200 day simple moving average is $4.59. The stock has a market cap of $504.09 million, a PE ratio of -8.02, a price-to-earnings-growth ratio of 0.09 and a beta of 1.01.

Gray Media (NYSE:GTN) last released its quarterly earnings results on Friday, November 6th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.20). Gray Media had a negative net margin of 0.83% and a negative return on equity of 1.12%. The business had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $955.75 million. During the same period in the previous year, the company earned ($0.24) EPS. Gray Media’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, research analysts expect that Gray Media will post 2.35 earnings per share for the current year.

Gray Media Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Tuesday, December 15th. Gray Media’s dividend payout ratio (DPR) is -52.46%.

Hedge Funds Weigh In On Gray Media

Hedge funds and other institutional investors have recently bought and sold shares of the business. Miller Value Partners LLC acquired a new position in shares of Gray Media during the second quarter valued at about $28,756,000. Capital Management Corp VA boosted its position in Gray Media by 0.3% during the third quarter. Capital Management Corp VA now owns 7,092,788 shares of the company’s stock worth $31,918,000 after acquiring an additional 22,119 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Gray Media during the second quarter valued at about $27,789,000. Penn Capital Management Company LLC boosted its holdings in Gray Media by 0.3% in the 3rd quarter. Penn Capital Management Company LLC now owns 3,514,204 shares of the company’s stock valued at $15,847,000 after purchasing an additional 10,230 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Gray Media by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,168,991 shares of the company’s stock worth $5,073,000 after buying an additional 16,833 shares during the period. 78.64% of the stock is owned by institutional investors.

Gray Media Company Profile

Gray Media, formerly known as Gray Television, is a multimedia company that owns and operates local television stations and related digital media properties in markets across the United States. Its stations provide local news, weather, sports, public affairs and entertainment programming, while also distributing content through websites, mobile platforms and other digital channels.

The company’s broadcast portfolio includes affiliates of major networks such as ABC, CBS, NBC, FOX and The CW, as well as independent and specialty stations.