Beasley Broadcast Group (NASDAQ:BBGI) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Beasley Broadcast Group (NASDAQ:BBGI) posted its earnings results on Monday. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02, Yahoo Finance reports. Beasley Broadcast Group had a negative net margin of 29.37% and a negative return on equity of 2.24%. The business had revenue of $60.44 million for the quarter, compared to analyst estimates of $60.80 million. During the same quarter in the prior year, the firm earned ($0.08) EPS.

Beasley Broadcast Group Stock Down 1.3 %

Shares of NASDAQ BBGI opened at $0.65 on Wednesday. The firm’s 50-day simple moving average is $0.64 and its 200 day simple moving average is $0.73. The company has a market cap of $19.66 million, a price-to-earnings ratio of -0.27 and a beta of 1.00. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.77. Beasley Broadcast Group has a 12-month low of $0.42 and a 12-month high of $1.28.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Beasley Broadcast Group in a report on Wednesday. They issued a “hold” rating on the stock.

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.