Boston Omaha (NYSE:BOC) Issues Quarterly Earnings Results

Boston Omaha (NYSE:BOC) announced its quarterly earnings results on Tuesday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04), Zacks reports. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.74%. The business had revenue of $27.70 million during the quarter, compared to analysts’ expectations of $27.20 million.

Boston Omaha Trading Down 2.2 %

BOC stock traded down $0.33 on Thursday, hitting $14.73. 35,260 shares of the company were exchanged, compared to its average volume of 156,752. Boston Omaha has a twelve month low of $12.41 and a twelve month high of $16.99. The business’s fifty day moving average is $14.86 and its two-hundred day moving average is $14.31. The stock has a market capitalization of $463.41 million, a price-to-earnings ratio of -45.60 and a beta of 0.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.01 and a quick ratio of 2.01.

Analysts Set New Price Targets

BOC has been the subject of a number of recent research reports. TD Cowen dropped their price objective on Boston Omaha from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $15.00 target price (down from $17.00) on shares of Boston Omaha in a research note on Thursday, September 19th.

About Boston Omaha

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It is also involved in the surety insurance and related brokerage, broadband, and asset management businesses. The company was formerly known as REO Plus, Inc and changed its name to Boston Omaha Corporation in March 2015.