Published On: Mon, May 9th, 2016
Uncategorized | By Sylvia Delisle

Gray Television, Inc. (NASDAQ:GTN) To Release Earnings

Analysts await Gray Television, Inc. (NASDAQ:GTN) to report earnings on May, 09 for the fiscal quarter ending Mar 2016.

They expect $0.12 EPS, up 16.67% or $0.02 from last year’s $0.1 per share.

At the moment 5 analysts are watching Gray Television, Inc. (NASDAQ:GTN), 3 rate it “Buy”, 2 “Outperform”, 0 “Underperform”, 0 “Sell”, while 0 “Hold”.

Looking forward, for the quarter ending Jun-16, 3 analysts have a mean sales target of 210.51 million. For the quarter ending Sep-16, 3 analysts have a mean sales target of 228.39 million whilst for the year ending Dec-16, 4 analysts have a mean target of 888.39 million.

In terms of earnings per share, 4 analysts have a 0.42 EPS mean target for the quarter ending Jun-16, for the quarter ending Sep-16, 4 analysts have a 0.54 EPS mean target and for the quarter ending Sep-16 there are 4 estimates of 1.93 EPS.

The biggest institutional shareholders in Gray Television, Inc. include Dimensional Fund Advisors, Inc. which owns 6 million shares in the company valued at $91.10 million. Neuberger Berman LLC is the second biggest holder with 3 million shares currently valued at 53.34 million whilst Fidelity Management and Research Company has 3 million shares valued at 36.05 million.

Total shares held by institutions as of the most recent company filings are 53,538,835 with a reported 5,206,188 bought and 10,834,203 sold. These holdings make up 73.7% of the company’s outstanding shares.

Currently insiders hold 4,513,220 shares in the business which makes up 6.21% of shares. The biggest holder currently is Hilton H. Howell,Jr who owns 539,602 shares (0.74% of those outstanding), whilst Robert S. Prather,Jr holds 380,258 (0.52% of shares outstanding) and James C. Ryan holds 214,156 (0.29% of shares outstanding).

The stock increased 1.79% or $0.24 during the last trading session, hitting $13.63. Gray Television, Inc. (NASDAQ:GTN) has fallen 21.72% over the past 6 months and is downtrending.

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