Cumulus Media (CMLS) Scheduled to Post Earnings on Friday

Cumulus Media (NASDAQ:CMLS) will be releasing its earnings data before the market opens on Friday, August 2nd. Analysts expect Cumulus Media to post earnings of ($0.49) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Cumulus Media (NASDAQ:CMLS) last posted its earnings results on Friday, May 3rd. The company reported ($0.85) EPS for the quarter, topping the consensus estimate of ($1.33) by $0.48. Cumulus Media had a negative net margin of 13.18% and a negative return on equity of 16.78%. The firm had revenue of $200.05 million for the quarter, compared to analysts’ expectations of $200.30 million. On average, analysts expect Cumulus Media to post $-2 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Cumulus Media Price Performance

Cumulus Media stock opened at $2.00 on Thursday. Cumulus Media has a 52 week low of $1.78 and a 52 week high of $6.59. The company’s 50 day moving average price is $2.08 and its two-hundred day moving average price is $3.06. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 3.22. The stock has a market cap of $33.78 million, a P/E ratio of -0.30 and a beta of 1.47.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Cumulus Media in a research report on Thursday. They set a “hold” rating on the stock.

Cumulus Media Company Profile

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.