Cumulus Media (CMLS) Set to Announce Quarterly Earnings on Wednesday

Cumulus Media (NASDAQ:CMLSGet Rating) will release its earnings data before the market opens on Wednesday, May 4th. Analysts expect Cumulus Media to post earnings of ($0.38) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Cumulus Media (NASDAQ:CMLSGet Rating) last announced its quarterly earnings results on Wednesday, February 23rd. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.53). Cumulus Media had a negative return on equity of 1.63% and a net margin of 1.89%. The company had revenue of $252.30 million during the quarter, compared to the consensus estimate of $253.65 million. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. On average, analysts expect Cumulus Media to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of CMLS stock opened at $14.68 on Wednesday. The company has a 50 day moving average price of $11.17 and a 200-day moving average price of $11.49. Cumulus Media has a 52 week low of $8.91 and a 52 week high of $15.20. The firm has a market capitalization of $302.64 million, a PE ratio of 18.35 and a beta of 1.87. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.43.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA lifted its holdings in Cumulus Media by 2,355.0% during the fourth quarter. BNP Paribas Arbitrage SA now owns 4,198 shares of the company’s stock valued at $47,000 after purchasing an additional 4,027 shares in the last quarter. Morgan Stanley purchased a new position in Cumulus Media during the first quarter valued at approximately $136,000. Millennium Management LLC purchased a new position in Cumulus Media during the fourth quarter valued at approximately $188,000. JPMorgan Chase & Co. lifted its holdings in Cumulus Media by 28.3% during the fourth quarter. JPMorgan Chase & Co. now owns 23,170 shares of the company’s stock valued at $261,000 after purchasing an additional 5,111 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Cumulus Media by 3.6% during the third quarter. Invesco Ltd. now owns 26,274 shares of the company’s stock valued at $322,000 after purchasing an additional 922 shares in the last quarter. Institutional investors own 77.21% of the company’s stock.

A number of brokerages have recently commented on CMLS. Zacks Investment Research lowered shares of Cumulus Media from a “hold” rating to a “sell” rating in a research note on Wednesday, February 9th. B. Riley boosted their target price on shares of Cumulus Media from $23.00 to $26.00 in a research report on Thursday, February 24th. Finally, StockNews.com started coverage on shares of Cumulus Media in a research report on Tuesday, April 19th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $22.67.

About Cumulus Media (Get Rating)

Cumulus Media Inc, an audio-first media company, owns and operates radio stations in the United States. It owns and operates 406 stations in 86 markets, as well as approximately 9,500 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, the AP, the Academy of Country Music Awards, and other partners.

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Earnings History for Cumulus Media (NASDAQ:CMLS)

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