Beasley Broadcast Group (NASDAQ:BBGI) Posts Quarterly Earnings Results

Beasley Broadcast Group (NASDAQ:BBGI) announced its quarterly earnings data on Tuesday. The company reported ($2.33) earnings per share for the quarter, Zacks reports. Beasley Broadcast Group had a negative return on equity of 0.96% and a negative net margin of 25.52%. The firm had revenue of $58.19 million for the quarter, compared to the consensus estimate of $61.10 million. During the same period in the prior year, the firm posted $1.80 earnings per share.

Beasley Broadcast Group Stock Down 6.0 %

NASDAQ BBGI traded down $0.64 during trading on Wednesday, reaching $10.11. 3,071 shares of the stock traded hands, compared to its average volume of 2,852. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market cap of $15.37 million, a P/E ratio of -0.25 and a beta of 0.97. Beasley Broadcast Group has a fifty-two week low of $8.45 and a fifty-two week high of $20.00.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Beasley Broadcast Group in a research note on Saturday. They issued a “hold” rating on the stock.

Beasley Broadcast Group Company Profile

Beasley Broadcast Group, Inc, a multi-platform media company, owns and operates radio stations in the United States. The company offers local and national advertisers integrated marketing solutions across audio, digital, and event platforms. It operates Houston Outlaws, an esports team that competes in the Overwatch League; and an esports team that competes in the Rocket League.