StockNews.com began coverage on shares of Cumulus Media (NASDAQ:CMLS – Free Report) in a research report released on Sunday. The brokerage issued a hold rating on the stock.
Cumulus Media Stock Performance
Shares of NASDAQ:CMLS opened at $1.28 on Friday. The business’s 50-day simple moving average is $1.49 and its 200 day simple moving average is $2.04. The company has a market cap of $21.61 million, a P/E ratio of -0.19 and a beta of 1.44. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.88 and a current ratio of 1.88. Cumulus Media has a one year low of $1.24 and a one year high of $5.51.
Cumulus Media (NASDAQ:CMLS – Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.19). The firm had revenue of $204.85 million for the quarter, compared to analysts’ expectations of $206.00 million. Cumulus Media had a negative net margin of 16.46% and a negative return on equity of 22.15%. During the same quarter in the prior year, the business earned ($0.06) EPS. On average, sell-side analysts forecast that Cumulus Media will post -2.4 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Cumulus Media
About Cumulus Media
Cumulus Media Inc, an audio-first media company, owns and operates radio stations in the United States. It owns and operates stations in various markets, as well as affiliated stations through Westwood One. The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, AP News, the Academy of Country Music Awards, and other partners.
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