Gray Media (NYSE:GTN.A) Announces Earnings Results

Gray Media (NYSE:GTN.A) posted its earnings results 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 Trading Down 4.3%

GTN.A traded down $0.39 during trading on Friday, reaching $8.62. 1,215 shares of the company’s stock were exchanged, compared to its average volume of 3,755. Gray Media has a one year low of $5.00 and a one year high of $12.95. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.56. The stock has a market capitalization of $879.51 million, a PE ratio of 5.71 and a beta of 1.10. The firm has a fifty day moving average price of $9.95 and a two-hundred day moving average price of $9.57.

Gray Media Announces Dividend

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

About Gray Media

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.