StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Free Report) in a report issued on Wednesday. The brokerage issued a hold rating on the stock.
Beasley Broadcast Group Price Performance
Shares of BBGI stock opened at $0.74 on Wednesday. Beasley Broadcast Group has a 12-month low of $0.60 and a 12-month high of $1.28. The firm has a market capitalization of $22.54 million, a price-to-earnings ratio of -0.30 and a beta of 1.00. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.77. The firm has a fifty day moving average of $0.80 and a 200-day moving average of $0.81.
Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) last announced its quarterly earnings results on Monday, February 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The firm had revenue of $65.75 million during the quarter, compared to analyst estimates of $66.05 million. Beasley Broadcast Group had a negative net margin of 30.40% and a negative return on equity of 3.99%. On average, equities research analysts forecast that Beasley Broadcast Group will post -0.08 earnings per share for the current year.
Hedge Funds Weigh In On Beasley Broadcast Group
About Beasley Broadcast Group
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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