Cumulus Media (CMLS) to Release Earnings on Friday

Cumulus Media (NASDAQ:CMLS) will release its earnings data before the market opens on Friday, May 3rd. Analysts expect Cumulus Media to post earnings of ($1.40) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Cumulus Media (NASDAQ:CMLS) last released its earnings results on Tuesday, February 27th. The company reported ($2.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.59) by ($2.01). Cumulus Media had a negative return on equity of 17.50% and a negative net margin of 13.96%. The business had revenue of $221.30 million for the quarter, compared to the consensus estimate of $220.07 million. On average, analysts expect Cumulus Media to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Cumulus Media Trading Up 2.2 %

Shares of CMLS opened at $2.76 on Friday. The business has a 50-day moving average of $3.42 and a 200 day moving average of $4.40. Cumulus Media has a fifty-two week low of $2.57 and a fifty-two week high of $6.59. The firm has a market cap of $46.02 million, a P/E ratio of -0.39 and a beta of 1.49. The company has a debt-to-equity ratio of 3.06, a quick ratio of 2.00 and a current ratio of 2.00.

Analyst Ratings Changes

CMLS has been the subject of several recent analyst reports. Noble Financial reissued a “market perform” rating on shares of Cumulus Media in a report on Wednesday, February 28th. Barrington Research lowered Cumulus Media from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 28th.

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.