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

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

Beasley Broadcast Group Stock Up 2.4 %

Shares of NASDAQ:BBGI opened at $9.20 on Friday. The company has a market capitalization of $14.13 million, a price-to-earnings ratio of 5.51 and a beta of 0.89. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.60. The stock’s 50-day simple moving average is $10.08. Beasley Broadcast Group has a twelve month low of $7.66 and a twelve month high of $20.00.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share (EPS) for the quarter. Beasley Broadcast Group had a negative return on equity of 5.12% and a net margin of 1.07%. The company had revenue of $58.19 million for the quarter, compared to analysts’ expectations of $61.10 million. During the same quarter in the prior year, the company earned $1.80 EPS. 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.