StockNews.com began coverage on shares of Cumulus Media (NASDAQ:CMLS – Free Report) in a research report report published on Thursday. The firm issued a hold rating on the stock.
Cumulus Media Price Performance
Shares of NASDAQ CMLS opened at $1.62 on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 3.22. Cumulus Media has a twelve month low of $1.29 and a twelve month high of $5.51. The stock has a 50 day moving average of $2.05 and a two-hundred day moving average of $3.00. The stock has a market cap of $27.36 million, a P/E ratio of -0.24 and a beta of 1.47.
Cumulus Media (NASDAQ:CMLS – Get Free Report) last issued its quarterly earnings data on Friday, August 2nd. The company reported ($0.68) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.19). Cumulus Media had a negative net margin of 13.18% and a negative return on equity of 16.78%. The firm had revenue of $204.85 million during the quarter, compared to analysts’ expectations of $206.00 million. During the same quarter in the prior year, the firm posted ($0.06) EPS. On average, research analysts forecast that Cumulus Media will post -1.91 earnings per share for the current year.
Institutional Investors Weigh In On Cumulus Media
About Cumulus Media
Cumulus Media Inc, an audio-first media company, owns and operates radio stations in the United States. It owns and operates stations in various markets, as well as 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, AP News, the Academy of Country Music Awards, and other partners.
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