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

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

Gray Television (NYSE:GTN.A) last posted its quarterly 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 return on equity of 3.76% and a negative net margin of 2.32%. The business had revenue of $864.00 million during the quarter.

Gray Television Price Performance

Shares of NYSE:GTN.A opened at $8.21 on Tuesday. The company has a market cap of $798.01 million, a PE ratio of -5.91 and a beta of 1.30. Gray Television has a fifty-two week low of $5.90 and a fifty-two week high of $11.00. The firm has a 50-day simple moving average of $7.28 and a 200 day simple moving average of $8.05. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.12.

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 given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 3.90%. Gray Television’s dividend payout ratio is currently -23.02%.

Analyst Upgrades and Downgrades

Separately, TheStreet cut shares of Gray Television from a “c-” rating to a “d+” rating in a research report 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.