Beasley Broadcast Group (NASDAQ:BBGI) announced its earnings results on Monday. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01), Bloomberg Earnings reports. The business had revenue of $65.66 million during the quarter. Beasley Broadcast Group had a return on equity of 2.72% and a net margin of 4.23%.
NASDAQ BBGI traded up $0.06 during trading on Tuesday, reaching $3.27. The company’s stock had a trading volume of 818 shares, compared to its average volume of 23,712. The company has a market capitalization of $87.78 million, a PE ratio of 11.25 and a beta of 1.07. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a fifty day moving average of $3.16. Beasley Broadcast Group has a one year low of $3.00 and a one year high of $7.90.
In other Beasley Broadcast Group news, Chairman George G. Beasley bought 6,750 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were acquired at an average cost of $3.80 per share, for a total transaction of $25,650.00. Following the purchase, the chairman now directly owns 10,900 shares of the company’s stock, valued at $41,420. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 58.65% of the stock is owned by corporate insiders.
Separately, ValuEngine upgraded Beasley Broadcast Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.
Beasley Broadcast Group Company Profile
Beasley Broadcast Group, Inc, a radio broadcasting company, operates radio stations in the United States. As of February 11, 2019, it owned and operated 64 stations, including 46 FM and 18 AM stations in 15 large- and mid-size markets. The company was founded in 1961 and is headquartered in Naples, Florida.
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