Gray Television, Inc. (NYSE:GTN.A – Get Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $6.10, but opened at $6.34. Gray Television shares last traded at $6.34, with a volume of 140 shares traded.
Wall Street Analysts Forecast Growth
Separately, TheStreet downgraded shares of Gray Television from a “c-” rating to a “d+” rating in a research report on Tuesday.
Get Our Latest Research Report on Gray Television
Gray Television Price Performance
The company has a market capitalization of $630.34 million, a PE ratio of -4.56 and a beta of 1.27. The company’s 50-day simple moving average is $7.95 and its 200-day simple moving average is $8.15. The company has a debt-to-equity ratio of 3.12, a quick ratio of 1.18 and a current ratio of 1.18.
Gray Television (NYSE:GTN.A – Get Free Report) last issued its earnings results on Friday, February 23rd. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.08). The firm had revenue of $864.00 million during the quarter. Gray Television had a negative net margin of 2.32% and a negative return on equity of 3.76%.
Gray Television Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 4.93%. The ex-dividend date is Thursday, March 14th. Gray Television’s dividend payout ratio (DPR) is -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.
See Also
Before you consider Gray Television, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Gray Television wasn’t on the list.
While Gray Television currently has a “hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Wondering when you’ll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
