Gray Media (GTN) Expected to Announce Quarterly Earnings on Thursday

Gray Media (NYSE:GTN) will likely be announcing its Q1 2026 results before the market opens on Thursday, May 7th. Analysts expect the company to announce earnings of ($0.32) per share and revenue of $768.0540 million for the quarter. Individuals may visit the the company’s upcoming Q1 2026 earning results page for the latest details on the call scheduled for Thursday, May 7, 2026 at 11:00 AM ET.

Gray Media (NYSE:GTN) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.04. Gray Media had a negative return on equity of 2.51% and a negative net margin of 2.75%.The business had revenue of $792.00 million for the quarter, compared to analysts’ expectations of $780.50 million. During the same period in the previous year, the business posted $1.59 EPS. The firm’s quarterly revenue was down 24.2% compared to the same quarter last year. 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 Stock Performance

Gray Media stock traded down $0.12 during midday trading on Tuesday, reaching $5.43. The stock had a trading volume of 17,219 shares, compared to its average volume of 1,334,336. Gray Media has a 12 month low of $3.50 and a 12 month high of $6.43. The firm’s 50-day moving average price is $5.11 and its 200 day moving average price is $4.85. The firm has a market capitalization of $562.98 million, a PE ratio of -3.83 and a beta of 1.04. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.66.

Gray Media Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Friday, March 13th. Gray Media’s payout ratio is currently -22.54%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Zacks Research cut Gray Media from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Wall Street Zen upgraded Gray Media from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Benchmark boosted their price objective on Gray Media from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Barrington Research restated an “outperform” rating and issued a $6.50 price objective on shares of Gray Media in a research note on Tuesday, April 28th. Finally, Guggenheim boosted their price objective on Gray Media from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $8.13.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Deutsche Bank AG grew its holdings in Gray Media by 6.0% during the 4th quarter. Deutsche Bank AG now owns 54,507 shares of the company’s stock valued at $264,000 after buying an additional 3,066 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Gray Media by 68.2% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 10,401 shares of the company’s stock valued at $50,000 after buying an additional 4,217 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Gray Media by 24.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 21,437 shares of the company’s stock valued at $104,000 after buying an additional 4,278 shares in the last quarter. Nebula Research & Development LLC grew its holdings in Gray Media by 4.6% during the 2nd quarter. Nebula Research & Development LLC now owns 129,984 shares of the company’s stock valued at $589,000 after buying an additional 5,686 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Gray Media by 2.5% during the 4th quarter. First Trust Advisors LP now owns 263,058 shares of the company’s stock valued at $1,273,000 after buying an additional 6,366 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

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.