Gray Television, Inc. (NYSE:GTN.A – Get Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $7.75, but opened at $7.45. Gray Television shares last traded at $7.45, with a volume of 100 shares trading hands.
Analyst Ratings Changes
Separately, TheStreet downgraded Gray Television from a “c-” rating to a “d+” rating in a research report on Tuesday, March 12th.
View Our Latest Stock Analysis on Gray Television
Gray Television Stock Down 9.0 %
Gray Television (NYSE:GTN.A – Get Free Report) last announced its quarterly earnings data on Friday, February 23rd. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.08). Gray Television had a negative net margin of 2.32% and a negative return on equity of 3.76%. The firm had revenue of $864.00 million during the quarter.
Gray Television Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors 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 4.54%. Gray Television’s payout ratio is -23.02%.
Gray Television Company Profile
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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