Boston Omaha (NYSE:BOC) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Boston Omaha (NYSE:BOC) released its quarterly earnings data on Tuesday. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04), Zacks reports. The business had revenue of $27.70 million during the quarter, compared to analyst estimates of $27.20 million. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.74%.

Boston Omaha Trading Down 2.7 %

NYSE BOC traded down $0.40 during trading on Thursday, hitting $14.66. The stock had a trading volume of 128,913 shares, compared to its average volume of 157,192. The company has a market capitalization of $461.20 million, a PE ratio of -44.42 and a beta of 0.80. Boston Omaha has a twelve month low of $12.41 and a twelve month high of $16.99. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average price of $14.87 and a 200 day moving average price of $14.31.

Analyst Ratings Changes

Several brokerages recently issued reports on BOC. TD Cowen reduced their price objective on shares of Boston Omaha from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $15.00 price objective (down previously from $17.00) on shares of Boston Omaha in a research report on Thursday, September 19th.

Boston Omaha Company Profile

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It is also involved in the surety insurance and related brokerage, broadband, and asset management businesses. The company was formerly known as REO Plus, Inc and changed its name to Boston Omaha Corporation in March 2015.