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

Key Points

• Gray Media reported a quarterly earnings per share (EPS) of ($0.42), with a return on equity of 12.75% and a net margin of 7.72%.
• The company's stock price declined by $0.83 to $9.82, with a market capitalization of $997.12 million and a price-to-earnings ratio of 4.25.
• Gray Media operates television stations and digital assets across 91 markets in the U.S., broadcasting approximately 400 program streams.

Gray Media (NYSE:GTN.A - Get Free Report) issued its earnings results on Friday. The company reported ($0.42) earnings per share (EPS) for the quarter, Zacks reports. Gray Media had a return on equity of 12.75% and a net margin of 7.72%.

Gray Media Price Performance

Shares of NYSE GTN.A traded down $0.83 on Friday, hitting $9.82. The company's stock had a trading volume of 148 shares, compared to its average volume of 2,658. The stock has a 50 day moving average of $9.91 and a 200-day moving average of $8.21. The company has a market capitalization of $997.12 million, a price-to-earnings ratio of 4.25 and a beta of 1.10. Gray Media has a 12-month low of $5.00 and a 12-month high of $12.80. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.91 and a quick ratio of 0.91.

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.

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