Beasley Broadcast Group (BBGI) Set to Announce Earnings on Monday

Beasley Broadcast Group (NASDAQ:BBGI – Get Rating) is scheduled to issue its quarterly earnings data before the market opens on Monday, August 1st. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Beasley Broadcast Group (NASDAQ:BBGI – Get Rating) last released its quarterly earnings results on Monday, May 9th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.17. Beasley Broadcast Group had a net margin of 2.17% and a negative return on equity of 0.40%. The firm had revenue of $55.72 million during the quarter, compared to analyst estimates of $53.00 million. During the same quarter last year, the business earned ($0.15) EPS. On average, analysts expect Beasley Broadcast Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Beasley Broadcast Group Stock Up 1.6 %

Beasley Broadcast Group stock opened at $1.27 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.63 and a current ratio of 2.63. Beasley Broadcast Group has a 52-week low of $1.22 and a 52-week high of $2.88. The firm has a 50 day moving average price of $1.35 and a two-hundred day moving average price of $1.63. The firm has a market cap of $37.33 million, a price-to-earnings ratio of 7.06 and a beta of 1.23.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Beasley Broadcast Group in a report on Sunday, July 24th. They set a “hold” rating for the company.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Raymond James Financial Services Advisors Inc. acquired a new stake in Beasley Broadcast Group, Inc. (NASDAQ:BBGI – Get Rating) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 15,300 shares of the company’s stock, valued at approximately $27,000. Raymond James Financial Services Advisors Inc. owned approximately 0.05% of Beasley Broadcast Group as of its most recent SEC filing. Institutional investors and hedge funds own 12.33% of the company’s stock.

About Beasley Broadcast Group

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Beasley Broadcast Group, Inc, a multi-platform media company, owns and operates radio stations in the United States. It also operates Houston Outlaws, an esports team that competes in the Overwatch League. The company was founded in 1961 and is headquartered in Naples, Florida.