Lee Enterprises (NYSE:LEE – Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($1.41), Zacks reports. The firm had revenue of $150.58 million for the quarter, compared to analysts’ expectations of $165.48 million. Lee Enterprises had a negative net margin of 2.88% and a negative return on equity of 94.51%. During the same quarter in the previous year, the business earned $0.25 EPS.
Lee Enterprises Stock Down 1.3 %
LEE traded down $0.13 on Friday, hitting $9.57. The company had a trading volume of 18,364 shares, compared to its average volume of 10,004. Lee Enterprises has a 12-month low of $7.56 and a 12-month high of $15.89. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 43.53. The business’s fifty day simple moving average is $11.38 and its 200 day simple moving average is $11.49.
Analyst Ratings Changes
Separately, StockNews.com lowered Lee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday.
About Lee Enterprises
Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers digital subscription platforms; daily, weekly, and monthly newspapers and niche publications; and web hosting and content management services. It also provides advertising and marketing services, such as audience extension, search engine optimization, search engine marketing, web and mobile production, social media services, and reputation monitoring and management.
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