Beasley Broadcast Group (NASDAQ:BBGI) Posts Quarterly Earnings Results

Beasley Broadcast Group (NASDAQ:BBGI) announced its quarterly earnings results on Tuesday. The company reported ($2.33) EPS for the quarter, Zacks reports. Beasley Broadcast Group had a negative net margin of 25.52% and a negative return on equity of 0.96%. The business had revenue of $58.19 million during the quarter, compared to the consensus estimate of $61.10 million. During the same period in the previous year, the business posted $1.80 EPS.

Beasley Broadcast Group Trading Down 3.5 %

Shares of BBGI traded down $0.32 during midday trading on Friday, hitting $8.70. The stock had a trading volume of 7,454 shares, compared to its average volume of 2,892. The company has a market cap of $13.25 million, a P/E ratio of 5.30 and a beta of 0.97. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.78. Beasley Broadcast Group has a 1 year low of $8.45 and a 1 year high of $20.00.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Beasley Broadcast Group in a research note on Saturday, November 2nd. They issued a “hold” rating for the company.

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.