Beasley Broadcast Group (BBGI) Issues Earnings Results
Beasley Broadcast Group (NASDAQ:BBGI) released its earnings results on Monday. The company reported $0.50 earnings per share for the quarter, Morningstar.com reports. Beasley Broadcast Group had a net margin of 25.94% and a return on equity of 12.35%. The firm had revenue of $58.52 million for the quarter.
Beasley Broadcast Group (NASDAQ:BBGI) traded up $0.65 during midday trading on Tuesday, hitting $12.65. 51,400 shares of the stock traded hands, compared to its average volume of 14,005. Beasley Broadcast Group has a one year low of $7.75 and a one year high of $18.19. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $345.43, a price-to-earnings ratio of 5.75 and a beta of 0.67.
Separately, BidaskClub lowered shares of Beasley Broadcast Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th.
Beasley Broadcast Group Company Profile
Beasley Broadcast Group, Inc is a radio broadcasting company. The Company’s primary business is operating radio stations throughout the United States. As of December 31, 2016, the Company owned and operated 63 radio stations in various radio markets, Atlanta and Augusta in Georgia; Boston, Massachusetts; Charlotte, North Carolina; Detroit, Michigan; Fayetteville, North Carolina; Fort Myers-Naples, Florida; Las Vegas, Nevada; Middlesex, New Jersey; Monmouth, New Jersey; Morristown, New Jersey; Philadelphia, Pennsylvania; Tampa-Saint Petersburg, Florida; West Palm Beach-Boca Raton, Florida, and Wilmington, Delaware.
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