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    Gray Television Inc (GTN)

    Official site

    COMMUNICATION SERVICES • BROADCASTING • NYSE

    $4.46
    +0.12 (+2.89%)

    Market Cap: $445.92M

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    72%(28/39)
    Avg Surprise
    -5.00%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.97
    Range$0.97 - $0.97
    1 analysts
    EPS RevisionsNo revisions (7d)
    0
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$1.04-6.7%
    60d ago$1.02-4.9%
    30d ago$1.02-4.9%
    7d ago$1.02-4.9%
    Current$0.97
    Revenue Consensus
    $961M
    Range$961M - $961M
    1 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.46
    Range$1.46 - $1.46
    1 analysts
    Revenue Consensus
    $1.1B
    Range$1.1B - $1.1B
    1 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.46---
    Sep 26EST
    		-$0.97---
    Jun 26
    Reported Aug 7
    		$0.21$-0.08+362.50%Beat+143.8%
    Mar 26
    Reported May 7
    		$-0.40$-0.03-1233.33%Miss-66.7%
    Dec 25
    Reported Feb 26
    		$-0.22$-0.28+21.43%Beat-116.3%
    Sep 25
    Reported Nov 7
    		$-0.20$-0.33+39.39%Beat-121.7%
    Jun 25
    Reported Aug 8
    		$-0.48$-0.28-71.43%Miss-442.9%
    Mar 25
    Reported May 8
    		$-0.24$-0.48+50.00%Beat-242.9%
    Dec 24
    Reported Feb 27
    		$1.35$1.27+6.76%Beat+663.5%
    Sep 24
    Reported Nov 8
    		$0.92$0.95-3.16%Miss+560.0%
    Jun 24
    Reported Aug 8
    		$0.14$0.17-17.65%Miss+100.0%
    Mar 24
    Reported May 7
    		$-0.07N/A-116.28%Miss+81.1%
    Dec 23
    Reported Feb 23
    		$-0.24$-0.16-50.00%Miss-112.8%
    Sep 23
    Reported Nov 8
    		$-0.20$-0.29+31.03%Beat-118.3%
    Jun 23
    Reported Aug 4
    		$0.07N/A+143.75%Beat-92.9%
    Mar 23
    Reported May 5
    		$-0.37$-0.31-19.35%Miss-162.7%
    Dec 22
    Reported Feb 24
    		$1.88$1.78+5.62%Beat+1005.9%
    Sep 22
    Reported Nov 4
    		$1.09$1.45-24.83%Miss+619.0%
    Jun 22
    Reported Aug 5
    		$0.98$0.90+8.89%Beat+139.0%
    Mar 22
    Reported May 6
    		$0.59$0.33+78.79%Beat+118.5%
    Dec 21
    Reported Feb 25
    		$0.17$0.21-19.05%Miss-92.8%
    Sep 21
    Reported Nov 4
    		$-0.21$0.39-153.85%Miss-117.8%
    Jun 21
    Reported Aug 5
    		$0.41$0.28+46.43%Beat+2150.0%
    Mar 21
    Reported May 3
    		$0.27$0.18+50.00%Beat-32.5%
    Dec 20
    Reported Feb 25
    		$2.36$1.73+36.42%Beat+159.3%
    Sep 20
    Reported Nov 5
    		$1.18$0.68+73.53%Beat+136.0%
    Jun 20
    Reported Aug 6
    		$-0.02N/A+66.67%Beat-105.9%
    Mar 20
    Reported May 7
    		$0.40$0.38+5.26%Beat+229.0%
    Dec 19
    Reported Feb 27
    		$0.91$0.51+78.43%Beat-9.0%
    Sep 19
    Reported Nov 7
    		$0.50$0.26+92.31%Beat-25.4%
    Jun 19
    Reported Aug 7
    		$0.34$0.29+17.24%Beat-24.4%
    Mar 19
    Reported May 8
    		$-0.31$-0.42+26.19%Beat-240.9%
    Dec 18
    Reported Feb 28
    		$1.00$0.92+8.70%Beat+150.0%
    Sep 18
    Reported Nov 6
    		$0.67$0.63+6.35%Beat+191.3%
    Jun 18
    Reported Aug 7
    		$0.45$0.41+9.76%Beat+32.4%
    Mar 18
    Reported May 8
    		$0.22$0.16+37.50%Beat+29.4%
    Dec 17
    Reported Feb 27
    		$0.40$0.24+66.67%Beat-18.4%
    Sep 17
    Reported Nov 6
    		$0.23$0.21+9.52%Beat-
    Jun 17
    Reported Aug 8
    		$0.34$0.23+47.83%Beat-
    Mar 17
    Reported May 4
    		$0.17$0.09+88.89%Beat-
    Dec 16
    Reported Mar 1
    		$0.49$0.50-2.00%Miss-

    Dividends

    Dividend Metrics

    Forward Yield7.18%
    Forward Annual Dividend$0.32
    Payout Ratio12.54%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+0.00%
    GTN dividend history and ex-dividend datesRun GTN in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio-7.30EV/EBITDA8.45x
    Price/FCF2.99xFCF Yield33.44%
    Profitability
    Profit Margin-0.83%Operating Margin18.60%
    ROE-0.94%ROIC3.61%
    Financial Health
    Debt/Equity2.73xInterest Coverage0.91x
    Current Ratio0.95xQuick Ratio0.95x
    Trading Statistics
    Beta1.03Avg Volume1.01M
    52-Week High$6.2152-Week Low$3.49

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$4.57
    SMA 20$4.56
    SMA 50$4.71
    SMA 200$4.49
    EMA 10$4.52
    EMA 20$4.57
    EMA 50$4.56
    EMA 200$4.47

    MACD

    Line: -0.05Signal: -0.03Hist: -0.02

    ADX

    ADX: 12.9+DI: 17.6-DI: 24.8

    Aroon & PSAR

    Aroon Up8.0
    Aroon Down96.0
    PSAR$4.87

    Bollinger Bands

    Upper Band$4.79
    Lower Band$4.33
    %B Position1009%(Upper)
    Band Width0.27

    RSI (14-Day)

    Neutral
    44.8

    Momentum Oscillators

    Stoch %K22.0
    Stoch %D18.6
    Williams %R-69.2
    ROC (10d)-1.2%
    Momentum-0.06
    CCI (20d)-108.3
    MFI (14d)56.4

    Volatility Measures

    ATR (14d)$0.20(4.4%)
    StdDev (20d)0.12
    Hist Vol39.6%(Moderate)

    Volume Flow

    VWAP$4.45
    OBV27.1M
    AD Line-911.2M
    CMF (20d)-0.203

    Volume Metrics

    Avg Vol (20d)1.0M
    Vol Ratio0.6x
    VWMA (20d)$4.56

    Pivot Points

    R3$4.75
    R2$4.64
    R1$4.48
    Pivot Point$4.37
    S1$4.21
    S2$4.10
    S3$3.94

    Advanced Oscillators

    TSI-8.10
    Ultimate Osc42.8
    KST-40.70

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$839.00M$768.00M$792.00M$749.00M$772.00M$782.00M$1.04B$950.00M$826.00M$823.00M$864.00M$803.00M
    Cost of Revenue$591.00M$583.00M$590.00M$564.00M$583.00M$597.00M$624.00M$593.00M$579.00M$604.00M$631.00M$575.00M
    Gross Profit$248.00M$185.00M$202.00M$185.00M$189.00M$185.00M$421.00M$357.00M$247.00M$219.00M$233.00M$228.00M
    Operating Expenses$112.00M$104.00M$86.00M$83.00M$107.00M$93.00M$96.00M$107.00M$95.00M$95.00M$120.00M$144.00M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$37.00M$39.00M$28.00M$28.00M$25.00M$32.00M$24.00M$24.00M$28.00M$28.00M$33.00M$23.00M
    Operating Income$136.00M$81.00M$116.00M$102.00M$82.00M$92.00M$325.00M$250.00M$152.00M$124.00M$113.00M$84.00M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$117.00M$117.00M$123.00M$127.00M$117.00M$117.00M$87.00M$124.00M$125.00M$115.00M$116.00M$111.00M
    Income Before Tax$19.00M$-28,000,000$-26,000,000$-28,000,000$-35,000,000$-24,000,000$216.00M$128.00M$29.00M$119.00M$-12,000,000$-37,000,000
    Income Tax Expense$5.00M$-8,000,000$-16,000,000$-18,000,000$21.00M$-15,000,000$47.00M$32.00M$7.00M$31.00M$-3,000,000$3.00M
    Net Income$14.00M$-20,000,000$-10,000,000$-10,000,000$-56,000,000$-9,000,000$169.00M$96.00M$22.00M$88.00M$-9,000,000$-40,000,000
    EBITDA$201.00M$164.00M$187.00M$166.00M$152.00M$166.00M$407.00M$330.00M$232.00M$311.00M$229.00M$170.00M
    EBIT$136.00M$89.00M$117.00M$99.00M$82.00M$93.00M$328.00M$252.00M$154.00M$234.00M$133.00M$74.00M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Wells Fargo sets USD 5.00 target for Gray Media stock

    Wells Fargo has set a target price of USD 5.00 for Gray Media stock, maintaining a Hold rating. The company reported a second-quarter 2026 revenue of USD 839.00 million, an 8.70 percent increase year-over-year...

    ad-hoc-news.de•10/15/26•Somewhat-Bullish

    Gray Media Partners With Hoda Kotb’s Joy 101

    Gray Media has announced a content partnership with Joy 101, Hoda Kotb's wellness company, starting in January 2027. The collaboration will integrate "The Doctor Is In with Joy 101" segments...

    The Manila Times•10/15/26•Bullish

    Gray Media Partners With Hoda Kotb’s Joy 101

    Gray Media has announced a content partnership with Hoda Kotb’s wellness company, Joy 101, set to begin in January 2027. The collaboration will integrate "The Doctor Is In with Joy 101" health segments into Gray's "Aging...

    markets.businessinsider.com•10/15/26•Bullish

    Hoda Kotb to appear on ‘Aging Untold’ in Gray Media partnership

    Gray Media is partnering with journalist Hoda Kotb's wellness company, Joy 101, to introduce new health segments titled "The Doctor's In with Joy 101." These weekly features will air on local newscasts and the nationally...

    WCTV•10/15/26•Bullish

    Wall Street Zen Upgrades Gray Media (NYSE:GTN) to "Buy"

    Wall Street Zen has upgraded Gray Media (NYSE:GTN) from a "hold" to a "buy" rating, aligning with a broader "Moderate Buy" consensus and an average price target of $7.88. This upgrade follows Gray Media's strong...

    MarketBeat•10/10/26•Bullish

    GTN Valuation and Fair Value

    P/E
    -7.3x
    Forward P/E
    2.4x
    EV/EBITDA
    8.5x
    P/FCF
    3.0x
    PEG
    0.1x
    P/B
    0.2x
    See GNG's fair value

    GTN Profitability: Margins, ROIC and FCF

    Gross margin
    26.0%
    Operating margin
    18.6%
    Net margin
    -0.8%
    ROIC
    3.6%
    ROE
    -0.9%
    FCF margin
    4.6%
    FCF yield
    33.4%

    GTN Competitors

    CompanyTicker
    Rumble Inc.RUMBW
    Cogent Communications Group IncCCOI
    Gravity Co LtdGRVY
    Starz Entertainment LLCSTRZ
    Nexxen International LtdNEXN
    Eventbrite Inc Class AEB
    HUYA IncHUYA
    WideOpenWest IncWOW

    Sector: Communication Services

    GTN Analyst Ratings

    Consensus
    Buy
    Analysts
    5
    Strong Buy
    1
    Buy
    2
    Hold
    1
    Sell
    1
    Strong Sell
    0

    GTN Bull Case vs Bear Case

    Bull case

    • 60.0% of GTN's analyst ratings are Buy or Strong Buy.

    Bear case

    • GTN has a -0.8% net profit margin.
    • GTN has a debt-to-equity ratio of 2.7x.

    GTN Earnings: Beat Rate and Next Report

    Beat rate
    5 of 8 quarters (62.5%)
    Average surprise
    -103.5%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.97
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 1 down

    GTN Dividend

    Forward yield
    7.2%
    Payout ratio
    12.5%
    3Y DPS growth
    0.0%
    Pay months
    Mar, Jun, Sep, Dec
    GTN dividend history

    Frequently Asked Questions About GTN

    What is GTN's current dividend yield?

    Gray Television Inc (GTN) has a forward dividend yield of 7.18%.

    Does GTN pay dividends?

    Yes, Gray Television Inc pays dividends with a forward dividend yield of 7.18%.

    What is GTN's market cap?

    Gray Television Inc (GTN) has a market capitalization of $445.92M with a current stock price of $4.46.

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