Beasley Broadcast Group (NASDAQ:BBGI) Releases Earnings Results

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

Beasley Broadcast Group Stock Down 6.0 %

Shares of BBGI traded down $0.64 during midday trading on Wednesday, reaching $10.11. The company had a trading volume of 3,071 shares, compared to its average volume of 2,852. Beasley Broadcast Group has a 1-year low of $8.45 and a 1-year high of $20.00. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $15.37 million, a PE ratio of -0.25 and a beta of 0.97.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Beasley Broadcast Group in a research note on Saturday. They issued a “hold” rating on the stock.

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.