Boston Omaha (NYSE:BOC) Issues Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Boston Omaha (NYSE:BOC) issued its quarterly earnings results on Monday. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.12), FiscalAI reports. The firm had revenue of $29.71 million during the quarter, compared to analysts’ expectations of $29.00 million. Boston Omaha had a negative return on equity of 0.04% and a negative net margin of 0.21%.

Boston Omaha Stock Up 1.4%

BOC stock opened at $11.94 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average price of $12.33 and a 200-day moving average price of $12.74. Boston Omaha has a 52-week low of $11.30 and a 52-week high of $15.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming purchased a new position in shares of Boston Omaha in the second quarter worth $50,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Boston Omaha during the fourth quarter valued at $125,000. Jump Financial LLC bought a new stake in Boston Omaha in the 4th quarter worth about $138,000. Verition Fund Management LLC purchased a new position in Boston Omaha in the 3rd quarter worth about $155,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Boston Omaha in the 1st quarter worth about $176,000. Institutional investors own 60.36% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Boston Omaha in a report on Friday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $25.00.

Boston Omaha Company Profile

Boston Omaha Corporation is a publicly traded holding company headquartered in Omaha, Nebraska. Since its founding in 2015, the company has focused on acquiring and operating growth-oriented businesses in industries with attractive demand characteristics. Boston Omaha’s diversified platform includes middle-mile fiber networks, greenhouse agriculture operations and automotive finance services.

In its telecommunications segment, Boston Omaha develops and operates fiber-based, middle-mile networks that connect carriers, internet service providers and enterprise customers.