Boston Omaha (NYSE:BOC) Releases Earnings Results, Beats Expectations By $0.01 EPS

Boston Omaha (NYSE:BOC) issued its quarterly earnings data on Friday. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01, FiscalAI reports. The business had revenue of $22.18 million during the quarter, compared to analysts’ expectations of $30.00 million. Boston Omaha had a negative return on equity of 2.49% and a negative net margin of 12.12%.

Boston Omaha Stock Up 0.1%

Shares of Boston Omaha stock traded up $0.01 on Friday, reaching $13.72. 68,937 shares of the company were exchanged, compared to its average volume of 157,618. Boston Omaha has a 1-year low of $10.52 and a 1-year high of $15.22. The company has a market cap of $413.29 million, a P/E ratio of -32.66 and a beta of 0.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.05 and a quick ratio of 2.05. The stock’s 50 day moving average price is $13.24 and its 200-day moving average price is $13.05.

Analyst Upgrades and Downgrades

BOC has been the topic of several research reports. Wall Street Zen raised shares of Boston Omaha from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings restated a “sell (d)” rating on shares of Boston Omaha in a report on Tuesday. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Boston Omaha Company Profile

Boston Omaha Corporation is a diversified holding company whose businesses operate in outdoor advertising, broadband services, insurance and asset management, and real estate. The company acquires and develops businesses with a long-term investment approach. Its subsidiaries include Link Media Outdoor, which owns and operates billboard displays, and Boston Omaha Broadband, which provides internet services in select markets. Through its insurance-related businesses, including General Indemnity Group, the company participates in insurance underwriting and related services.