Analysts at StockNews.com started coverage on shares of Cumulus Media (NASDAQ:CMLS – Get Free Report) in a report issued on Friday. The firm set a “hold” rating on the stock.
Cumulus Media Stock Performance
Shares of Cumulus Media stock opened at $0.88 on Friday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 3.68. Cumulus Media has a 52 week low of $0.63 and a 52 week high of $5.18. The firm’s 50 day moving average is $0.76 and its two-hundred day moving average is $1.25. The firm has a market capitalization of $14.93 million, a P/E ratio of -0.10 and a beta of 1.32.
Cumulus Media (NASDAQ:CMLS – Get Free Report) last issued its earnings results on Friday, November 1st. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $204.05 million. During the same quarter in the previous year, the company posted $0.16 EPS. Research analysts forecast that Cumulus Media will post -2.71 EPS 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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