Gray Television (GTN) Set to Announce Quarterly Earnings on Wednesday

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Gray Television (NYSE:GTN) is scheduled to announce its earnings results before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Gray Television (NYSE:GTN) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.31) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.44) by $0.13. Gray Television had a net margin of 12.56% and a return on equity of 20.34%. The business had revenue of $518.00 million for the quarter, compared to analyst estimates of $498.41 million. During the same quarter last year, the business earned $0.22 earnings per share. The business’s revenue for the quarter was up 129.2% on a year-over-year basis. On average, analysts expect Gray Television to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NYSE GTN opened at $16.81 on Tuesday. Gray Television has a 12 month low of $13.75 and a 12 month high of $25.31. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 1.88 and a beta of 1.98. The company’s 50 day moving average is $17.23.

GTN has been the topic of a number of research analyst reports. Barrington Research reiterated a “buy” rating on shares of Gray Television in a research note on Wednesday, May 8th. ValuEngine lowered shares of Gray Television from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Benchmark reiterated a “buy” rating on shares of Gray Television in a research note on Thursday, May 9th. Zacks Investment Research upgraded shares of Gray Television from a “sell” rating to a “hold” rating and set a $19.00 price objective on the stock in a research note on Friday. Finally, TheStreet lowered shares of Gray Television from a “b-” rating to a “c+” rating in a research note on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $24.80.

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 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 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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