Beasley Broadcast Group (NASDAQ:BBGI) Issues Earnings Results, Misses Expectations By $6.06 EPS

Beasley Broadcast Group (NASDAQ:BBGI) released its earnings results on Friday. The company reported ($6.51) earnings per share for the quarter, missing the consensus estimate of ($0.45) by ($6.06), Zacks reports. Beasley Broadcast Group had a negative net margin of 55.68% and a negative return on equity of 96.53%.

Beasley Broadcast Group Trading Down 0.5%

Shares of Beasley Broadcast Group stock traded down $0.03 during trading hours on Friday, hitting $5.60. The company’s stock had a trading volume of 22,186 shares, compared to its average volume of 396,983. The company has a market capitalization of $10.36 million, a PE ratio of -0.09 and a beta of 4.88. The company has a debt-to-equity ratio of 3.73, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a 50 day moving average of $11.09 and a 200 day moving average of $13.83. Beasley Broadcast Group has a 12 month low of $3.14 and a 12 month high of $29.30.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BBGI shares. Weiss Ratings restated a “sell (d-)” rating on shares of Beasley Broadcast Group in a research report on Friday, October 2nd. Noble Financial reiterated an “outperform” rating on shares of Beasley Broadcast Group in a research report on Wednesday, October 7th. Finally, Zacks Research raised shares of Beasley Broadcast Group to a “hold” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Beasley Broadcast Group

Beasley Broadcast Group, Inc. is a radio broadcasting and digital media company headquartered in Naples, Florida. The company owns and operates commercial radio stations serving listeners in markets across the United States, with programming focused on music, news, sports, talk and other locally relevant content. In addition to traditional terrestrial radio, Beasley provides digital advertising and marketing services through station websites, mobile platforms, streaming audio and other online offerings.