Gray Media (NYSE:GTN.A) Sets New 1-Year High - What's Next?

Key Points

• Gray Media Inc. (NYSE:GTN.A) reached a new 52-week high at $12.95, closing at $11.69, with a trading volume of 13,530 shares.
• The company reported a quarterly EPS of ($0.42) and revenue of $772 million, alongside a net margin of 5.64% and return on equity of 10.31% during its latest earnings release.
• Gray Media declared a quarterly dividend of $0.08, yielding 2.7%, with a payout ratio of 21.19%.

Shares of Gray Media Inc. (NYSE:GTN.A - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $12.95 and last traded at $11.69, with a volume of 13530 shares changing hands. The stock had previously closed at $10.07.

Gray Media Price Performance

The company has a fifty day moving average of $10.24 and a 200-day moving average of $9.18. The firm has a market cap of $1.19 billion, a P/E ratio of 7.74 and a beta of 1.10. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.87 and a quick ratio of 0.87.

Gray Media (NYSE:GTN.A - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The company reported ($0.42) EPS for the quarter. The company had revenue of $772.00 million during the quarter. Gray Media had a net margin of 5.64% and a return on equity of 10.31%.

Gray Media Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, September 15th. Gray Media's dividend payout ratio is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.