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

Gray Television (NYSE:GTN.A) posted 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 net margin of 5.69% and a return on equity of 9.60%.

Gray Television Trading Down 0.9 %

Shares of NYSE:GTN.A opened at $6.49 on Friday. The firm has a market capitalization of $646.84 million, a P/E ratio of 4.33 and a beta of 1.21. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. Gray Television has a 12-month low of $5.00 and a 12-month high of $10.90. The firm has a fifty day moving average of $7.14 and a two-hundred day moving average of $7.33.

Gray Television Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date is Friday, March 14th. Gray Television’s payout ratio 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.