2 weeks Ago By ABMN Staff
Gray Television, Inc. ( NYSE:GTN – Get Free Report ) has received an average rating of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat.com reports.
One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $8.33.
A number of research firms have commented on GTN. Wells Fargo & Company reduced their price objective on shares of Gray Television from $6.00 to $4.
00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. Guggenheim reduced their price objective on shares of Gray Television from $12.00 to $10.
00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, Benchmark reduced their price target on shares of Gray Television from $13.00 to $11.
00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Get Our Latest Analysis on GTN Gray Television Price Performance Gray Television ( NYSE:GTN – Get Free Report ) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.
09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01).
Gray Television had a net margin of 1.84% and a return on equity of 3.02%.
The company had revenue of $826.00 million for the quarter, compared to the consensus estimate of $840.33 million.
During the same quarter last year, the company earned ($0.10) earnings per share. The company’s revenue was up 1.
6% compared to the same quarter last year. Equities research analysts expect that Gray Television will post 4.97 EPS for the current fiscal year.
Gray Television Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.08 dividend.
The ex-dividend date is Friday, September 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.
02%. Gray Television’s payout ratio is currently -266.67%.
Institutional Trading of Gray Television Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Gray Television in the 1st quarter valued at about $25,000. nVerses Capital LLC bought a new stake in Gray Television in the 2nd quarter valued at about $27,000.
CWM LLC lifted its position in Gray Television by 733.1% in the 2nd quarter. CWM LLC now owns 7,448 shares of the company’s stock valued at $39,000 after purchasing an additional 6,554 shares during the last quarter.
HBK Sorce Advisory LLC bought a new stake in Gray Television in the 2nd quarter valued at about $58,000. Finally, Entropy Technologies LP bought a new stake in Gray Television in the 1st quarter valued at about $73,000. 78.
64% of the stock is currently owned by institutional investors. Gray Television Company Profile ( Get Free Report 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.
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