Gray Media (NYSE:GTN.A) Issues Quarterly Earnings Results

Gray Media (NYSE:GTN.A) issued its quarterly earnings data on Friday. The company reported ($0.24) EPS for the quarter, Zacks reports. The firm had revenue of $749.00 million during the quarter. Gray Media had a net margin of 5.64% and a return on equity of 10.31%.

Gray Media Stock Performance

Shares of GTN.A stock traded down $0.39 on Friday, hitting $8.62. The company’s stock had a trading volume of 1,215 shares, compared to its average volume of 3,755. Gray Media has a fifty-two week low of $5.00 and a fifty-two week high of $12.95. The company has a market capitalization of $879.51 million, a PE ratio of 5.71 and a beta of 1.10. The stock’s 50 day moving average is $9.95 and its 200-day moving average is $9.57. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.87 and a current ratio of 0.87.

Gray Media Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.08 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.32 annualized dividend and a dividend yield of 3.7%. Gray Media’s dividend payout ratio is 21.19%.

Gray Media 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.