StockNews.com initiated coverage on shares of Cumulus Media (NASDAQ:CMLS – Free Report) in a research note published on Saturday morning. The firm issued a hold rating on the stock.
Cumulus Media Trading Down 3.0 %
Shares of NASDAQ:CMLS opened at $1.29 on Friday. The firm has a fifty day moving average of $1.49 and a two-hundred day moving average of $2.08. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 3.55. Cumulus Media has a 12-month low of $1.25 and a 12-month high of $5.51. The firm has a market capitalization of $21.78 million, a P/E ratio of -0.19 and a beta of 1.44.
Cumulus Media (NASDAQ:CMLS – Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.49) by ($0.19). Cumulus Media had a negative net margin of 16.46% and a negative return on equity of 22.15%. The firm had revenue of $204.85 million for the quarter, compared to analyst estimates of $206.00 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. On average, equities analysts expect that Cumulus Media will post -2.4 EPS for the current fiscal year.
Institutional Investors Weigh In On Cumulus Media
About Cumulus Media
Cumulus Media Inc, an audio-first media company, owns and operates radio stations in the United States. It owns and operates stations in various markets, as well as affiliated stations through Westwood One. The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, AP News, the Academy of Country Music Awards, and other partners.
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