Beasley Broadcast Group (NASDAQ:BBGI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research note issued to investors on Monday morning. The firm issued a hold rating on the stock.

Beasley Broadcast Group Price Performance

NASDAQ BBGI opened at $8.74 on Monday. The business’s 50 day simple moving average is $8.79. Beasley Broadcast Group has a one year low of $7.60 and a one year high of $19.58. The firm has a market capitalization of $13.42 million, a PE ratio of 5.23 and a beta of 0.85. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.82.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share for the quarter. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%. The company had revenue of $58.19 million during the quarter, compared to the consensus estimate of $61.10 million. During the same quarter in the prior year, the business earned $1.80 EPS. Equities analysts expect that Beasley Broadcast Group will post -1.2 earnings per share for the current year.

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.