Gray Television (GTN) Projected to Post Earnings on Thursday

Gray Television (NYSE:GTN) is projected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Gray Television to post earnings of $1.59 per share and revenue of $1.04 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Gray Television Trading Up 3.9 %

Shares of Gray Television stock opened at $4.10 on Thursday. The firm has a market capitalization of $408.15 million, a PE ratio of 2.73 and a beta of 1.41. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. The company’s fifty day moving average price is $3.54 and its two-hundred day moving average price is $4.46. Gray Television has a 52-week low of $2.91 and a 52-week high of $8.16.

Insider Transactions at Gray Television

In other Gray Television news, EVP Kevin Paul Latek sold 150,216 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.37, for a total transaction of $656,443.92. Following the sale, the executive vice president now owns 509,212 shares of the company’s stock, valued at $2,225,256.44. This represents a 22.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.83% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on GTN. Benchmark lowered their price target on shares of Gray Television from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Guggenheim lowered their target price on shares of Gray Television from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. StockNews.com raised shares of Gray Television from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, Barrington Research raised shares of Gray Television to a “hold” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6.67.

Gray Television Company Profile

Gray Television, Inc, a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Telemundo, THE365, and Outlaw; and local news/weather channels in various markets.