Gray Media (GTN) to Announce Quarterly Earnings on Friday

Gray Media (NYSE:GTN) will likely be issuing its Q2 2026 results before the market opens on Friday, August 7th. Analysts expect the company to post earnings of ($0.08) per share and revenue of $795.1330 million for the quarter. Investors can check the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Friday, August 7, 2026 at 11:00 AM ET.

Gray Media (NYSE:GTN) last issued its earnings results on Thursday, May 7th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.02). Gray Media had a negative net margin of 3.12% and a negative return on equity of 3.07%. The firm had revenue of $768.00 million during the quarter, compared to analyst estimates of $768.05 million. During the same quarter last year, the business posted ($0.23) earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts expect Gray Media to post $2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Gray Media Trading Up 2.0%

Gray Media stock opened at $4.30 on Wednesday. The stock has a 50-day simple moving average of $3.98 and a 200 day simple moving average of $4.52. The stock has a market capitalization of $442.30 million, a P/E ratio of -2.81 and a beta of 0.94. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.20 and a current ratio of 1.20. Gray Media has a 52 week low of $3.50 and a 52 week high of $6.43.

Insider Activity

In other news, Director Richard Lee Boger sold 57,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $4.40, for a total transaction of $250,800.00. Following the completion of the sale, the director owned 4,591 shares in the company, valued at $20,200.40. The trade was a 92.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 8.95% of the stock is currently owned by corporate insiders.

Institutional Trading of Gray Media

Several hedge funds have recently added to or reduced their stakes in GTN. Goldman Sachs Group Inc. boosted its stake in Gray Media by 55.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,878,508 shares of the company’s stock valued at $13,932,000 after purchasing an additional 1,025,133 shares during the period. Charles Schwab Investment Management Inc. increased its position in Gray Media by 23.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,188,712 shares of the company’s stock worth $25,113,000 after buying an additional 994,474 shares during the period. DSC Meridian Capital LP acquired a new stake in shares of Gray Media during the third quarter worth $5,432,000. AQR Capital Management LLC lifted its holdings in shares of Gray Media by 76.6% during the second quarter. AQR Capital Management LLC now owns 1,361,807 shares of the company’s stock worth $6,169,000 after buying an additional 590,704 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Gray Media by 81.7% in the third quarter. Russell Investments Group Ltd. now owns 1,209,751 shares of the company’s stock valued at $6,992,000 after acquiring an additional 543,874 shares during the period. 78.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barrington Research reiterated an “outperform” rating and set a $6.50 target price on shares of Gray Media in a research note on Tuesday, April 28th. Wall Street Zen raised Gray Media from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Guggenheim reduced their price objective on shares of Gray Media from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Finally, Weiss Ratings downgraded shares of Gray Media from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 15th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7.88.

About Gray Media

Gray Media (NYSE:GTN) is a U.S.-based broadcasting and digital media company that owns and operates a portfolio of local television stations and associated digital platforms. The company’s core business centers on delivering local news, sports and entertainment programming through its network-affiliated broadcast outlets. In addition to traditional over-the-air distribution, Gray Media supports multi-platform video streaming and on-demand services for audiences across its markets.

Gray Media’s television stations carry network programming from major national broadcasters, including ABC, CBS, NBC, Fox and The CW, and often feature locally produced news and public affairs content.