Beasley Broadcast Group (NASDAQ:BBGI) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a report issued on Monday morning. The firm issued a hold rating on the stock.

Beasley Broadcast Group Price Performance

Shares of NASDAQ BBGI opened at $9.14 on Monday. The firm has a 50 day simple moving average of $8.91. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82. Beasley Broadcast Group has a 1 year low of $7.60 and a 1 year high of $19.58. The company has a market cap of $14.04 million, a price-to-earnings ratio of 5.47 and a beta of 0.85.

Beasley Broadcast Group (NASDAQ:BBGI) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share (EPS) for the quarter. The business had revenue of $58.19 million for the quarter, compared to the consensus estimate of $61.10 million. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%. During the same period in the previous year, the business posted $1.80 EPS. As a group, research analysts anticipate that Beasley Broadcast Group will post -1.2 earnings per share for the current fiscal year.

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.