Shares of Gray Television, Inc. (NYSE:GTN.A – Get Free Report) traded down 7.9% during mid-day trading on Wednesday . The company traded as low as $7.60 and last traded at $7.60. 1,302 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 2,151 shares. The stock had previously closed at $8.25.
Analysts Set New Price Targets
Separately, TheStreet lowered shares of Gray Television from a “c-” rating to a “d+” rating in a research report on Tuesday, March 12th.
View Our Latest Research Report on GTN.A
Gray Television Trading Down 7.9 %
Gray Television (NYSE:GTN.A – Get Free Report) last issued 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). The business had revenue of $864.00 million for the quarter. Gray Television had a negative return on equity of 3.76% and a negative net margin of 2.32%.
Gray Television Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.08 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.32 annualized dividend and a yield of 4.21%. Gray Television’s dividend payout ratio (DPR) is currently -23.02%.
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.
Read More
- Five stocks we like better than Gray Television
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Lucid’s Stock Price is Still in Reverse: New Lows Are Coming
- 3 Best Fintech Stocks for a Portfolio Boost
- Generac Powers Ahead on the Electrification Mega-Trend
- Conference Calls and Individual Investors
- PulteGroup Wins and Wins More on Interest Rate Cuts
Receive News & Ratings for Gray Television Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gray Television and related companies with MarketBeat.com's FREE daily email newsletter.