StockNews.com began coverage on shares of Cumulus Media (NASDAQ:CMLS – Get Free Report) in a report issued on Tuesday. The firm set a “hold” rating on the stock.
Cumulus Media Trading Down 3.8 %
Shares of CMLS stock opened at $0.69 on Tuesday. The stock has a market cap of $11.72 million, a P/E ratio of -0.08 and a beta of 1.31. Cumulus Media has a 1 year low of $0.67 and a 1 year high of $5.35. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 3.68. The stock has a 50 day simple moving average of $0.83 and a 200 day simple moving average of $1.38.
Cumulus Media (NASDAQ:CMLS – Get Free Report) last released its earnings results on Friday, November 1st. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.07). Cumulus Media had a negative net margin of 18.11% and a negative return on equity of 30.27%. The company had revenue of $203.60 million for the quarter, compared to the consensus estimate of $204.05 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. On average, research analysts predict that Cumulus Media will post -2.71 earnings per share for the current fiscal year.
Institutional Trading of 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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