Gray Television (NYSE:GTN.A) Issues Quarterly Earnings Results

Gray Television (NYSE:GTN.A) posted its earnings results on Thursday. The company reported $1.59 earnings per share (EPS) for the quarter, Zacks reports. The firm 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 Stock Down 0.9 %

Gray Television stock opened at $6.49 on Friday. Gray Television has a twelve month low of $5.00 and a twelve month high of $10.90. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. The company has a 50 day moving average of $7.14 and a 200-day moving average of $7.33. The stock has a market capitalization of $646.84 million, a PE ratio of 4.33 and a beta of 1.21.

Gray Television Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 4.93%. Gray Television’s dividend payout ratio (DPR) is currently 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.