Gray Television, Inc. (NYSE:GTN.A – Get Free Report) fell 8.3% during trading on Friday . The stock traded as low as $7.73 and last traded at $7.73. 291 shares changed hands during trading, a decline of 85% from the average session volume of 1,997 shares. The stock had previously closed at $8.43.
Wall Street Analyst Weigh In
Separately, TheStreet lowered shares of Gray Television from a “c-” rating to a “d+” rating in a research report on Tuesday, March 12th.
Get Our Latest Stock Analysis on GTN.A
Gray Television Trading Up 3.2 %
Gray Television (NYSE:GTN.A – Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $864.00 million for the quarter. Gray Television had a negative net margin of 2.32% and a negative return on equity of 3.76%.
Gray Television Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.68%. Gray Television’s dividend payout ratio (DPR) is presently -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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