Beasley Broadcast Group (NASDAQ:BBGI) Posts Earnings Results, Misses Estimates By $6.06 EPS

Beasley Broadcast Group (NASDAQ:BBGI) posted its earnings results on Friday. The company reported ($6.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.45) by ($6.06), Zacks reports. Beasley Broadcast Group had a negative return on equity of 96.53% and a negative net margin of 55.68%.

Beasley Broadcast Group Stock Down 1.1%

BBGI traded down $0.06 during trading on Friday, hitting $5.57. The company had a trading volume of 30,917 shares, compared to its average volume of 396,988. The company has a market cap of $10.30 million, a PE ratio of -0.09 and a beta of 4.88. The business has a 50-day moving average of $11.09 and a 200-day moving average of $13.83. The company has a debt-to-equity ratio of 3.73, a current ratio of 1.23 and a quick ratio of 1.23. Beasley Broadcast Group has a 1-year low of $3.14 and a 1-year high of $29.30.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beasley Broadcast Group in a report on Friday, October 2nd. Zacks Research upgraded shares of Beasley Broadcast Group to a “hold” rating in a report on Tuesday, July 28th. Finally, Noble Financial restated an “outperform” rating on shares of Beasley Broadcast Group in a research note on Wednesday, October 7th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

About Beasley Broadcast Group

Beasley Broadcast Group, Inc. is a radio broadcasting and digital media company headquartered in Naples, Florida. The company owns and operates commercial radio stations serving listeners in markets across the United States, with programming focused on music, news, sports, talk and other locally relevant content. In addition to traditional terrestrial radio, Beasley provides digital advertising and marketing services through station websites, mobile platforms, streaming audio and other online offerings.