Gray Television, Inc. (NYSE:GTN.A – Get Free Report) 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 traded.
Analyst Upgrades and Downgrades
Separately, TheStreet downgraded shares of Gray Television from a “c-” rating to a “d+” rating in a research report on Tuesday, March 12th.
Read Our Latest Stock Report on GTN.A
Gray Television Stock Performance
Gray Television (NYSE:GTN.A – Get Free Report) last issued its quarterly earnings results on Friday, February 23rd. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.08). The company 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 Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date was Thursday, March 14th. 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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