Gray Television (GTN.A) to Release Quarterly Earnings on Tuesday

Gray Television (NYSE:GTN.A) will post its quarterly earnings results before the market opens on Tuesday, May 7th.

Gray Television (NYSE:GTN.A) last issued its earnings results on Friday, February 23rd. The company reported ($0.24) earnings per share (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 Trading Down 5.6 %

Gray Television stock opened at $8.21 on Tuesday. The stock has a 50-day simple moving average of $7.28 and a 200 day simple moving average of $8.05. The stock has a market capitalization of $798.01 million, a P/E ratio of -5.91 and a beta of 1.30. The company has a debt-to-equity ratio of 3.12, a quick ratio of 1.18 and a current ratio of 1.18. Gray Television has a 52 week low of $5.90 and a 52 week high of $11.00.

Gray Television Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.08 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.90%. Gray Television’s payout ratio is -23.02%.

Wall Street Analyst Weigh In

Separately, TheStreet cut Gray Television from a “c-” rating to a “d+” rating in a research note on Tuesday, March 12th.

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.