Gray Television, Inc. (NYSE:GTN.A – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $7.15, but opened at $6.44. Gray Television shares last traded at $6.44, with a volume of 1,342 shares.
Wall Street Analyst Weigh In
Separately, TheStreet cut Gray Television from a “c-” rating to a “d+” rating in a report on Tuesday, March 12th.
View Our Latest Analysis on GTN.A
Gray Television Stock Down 3.2 %
Gray Television (NYSE:GTN.A – Get Free Report) last issued its quarterly earnings data on Friday, February 23rd. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.08). The business had revenue of $864.00 million during the quarter. Gray Television had a negative return on equity of 3.76% and a negative net margin of 2.32%.
Gray Television Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 5.37%. Gray Television’s dividend payout ratio is currently -23.02%.
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.
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