Beasley Broadcast Group (NASDAQ:BBGI) Announces Earnings Results

Beasley Broadcast Group (NASDAQ:BBGI) issued its quarterly earnings results 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 business had revenue of $58.19 million during the quarter, compared to analyst estimates of $61.10 million. During the same quarter last year, the company posted $1.80 EPS.

Beasley Broadcast Group Trading Down 5.9 %

NASDAQ BBGI opened at $10.11 on Thursday. The stock has a market cap of $15.37 million, a price-to-earnings ratio of -0.25 and a beta of 0.97. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.78. Beasley Broadcast Group has a fifty-two week low of $8.45 and a fifty-two week high of $20.00.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Beasley Broadcast Group in a report on Saturday, November 2nd. They issued a “hold” rating on the stock.

About Beasley Broadcast Group

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.