StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Free Report) in a report issued on Tuesday. The firm issued a hold rating on the stock.
Beasley Broadcast Group Price Performance
Shares of BBGI stock opened at $12.89 on Tuesday. The firm has a market cap of $391.13 million, a price-to-earnings ratio of -5.31 and a beta of 0.99. Beasley Broadcast Group has a 1 year low of $8.45 and a 1 year high of $20.00. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.78.
Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. Beasley Broadcast Group had a negative return on equity of 0.96% and a negative net margin of 25.52%. The company had revenue of $60.44 million for the quarter, compared to analyst estimates of $60.80 million. During the same period in the previous year, the company posted ($0.08) EPS. Research analysts anticipate that Beasley Broadcast Group will post -0.06 EPS for the current year.
Hedge Funds Weigh In On Beasley Broadcast Group
Beasley Broadcast Group Company Profile
Beasley Broadcast Group, Inc, a multi-platform media company, owns and operates radio stations in the United States. The company offers local and national advertisers integrated marketing solutions across audio, digital, and event platforms. It operates Houston Outlaws, an esports team that competes in the Overwatch League; and an esports team that competes in the Rocket League.
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