Gray Television (NYSE:GTN.A) Releases Earnings Results

Gray Television (NYSE:GTN.A - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $1.59 EPS for the quarter, Zacks reports. The company had revenue of $1.05 billion during the quarter. Gray Television had a return on equity of 9.60% and a net margin of 5.69%.

Gray Television Trading Down 3.8 %

Shares of GTN.A stock traded down $0.25 on Monday, hitting $6.30. 2,021 shares of the company's stock traded hands, compared to its average volume of 7,940. The stock has a market capitalization of $627.90 million, a price-to-earnings ratio of 4.20 and a beta of 1.21. The company's fifty day simple moving average is $7.13 and its 200 day simple moving average is $7.32. Gray Television has a one year low of $5.00 and a one year high of $10.90. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.13 and a current ratio of 1.13.

Gray Television Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Friday, March 14th. Gray Television's dividend payout ratio (DPR) is presently 9.61%.

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.