StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) in a report released on Saturday. The brokerage set a “hold” rating on the stock.
Beasley Broadcast Group Stock Performance
Shares of NASDAQ:BBGI opened at $12.54 on Friday. Beasley Broadcast Group has a 52 week low of $8.45 and a 52 week high of $20.00. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market capitalization of $19.06 million, a PE ratio of -0.31 and a beta of 0.97.
Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.60) by $0.40. The business had revenue of $60.44 million for the quarter, compared to the consensus estimate of $60.80 million. Beasley Broadcast Group had a negative net margin of 25.52% and a negative return on equity of 0.96%. During the same quarter in the prior year, the company earned ($1.60) EPS. As a group, equities research analysts anticipate that Beasley Broadcast Group will post -1.2 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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.
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