Barrington Research Forecasts Cumulus Media FY2027 Earnings

Cumulus Media Inc. (NASDAQ:CMLS) – Barrington Research issued their FY2027 earnings estimates for shares of Cumulus Media in a research report issued to clients and investors on Friday, February 28th. Barrington Research analyst P. Sholl expects that the company will post earnings of ($2.63) per share for the year. The consensus estimate for Cumulus Media’s current full-year earnings is ($2.71) per share.

Separately, StockNews.com assumed coverage on shares of Cumulus Media in a report on Wednesday. They issued a “hold” rating on the stock.

Cumulus Media Stock Performance

NASDAQ:CMLS opened at $0.52 on Monday. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.89 and a quick ratio of 1.89. The firm has a market capitalization of $8.90 million, a price-to-earnings ratio of -0.06 and a beta of 1.37. The company’s 50-day moving average is $0.83 and its two-hundred day moving average is $1.04. Cumulus Media has a 1-year low of $0.50 and a 1-year high of $3.95.

Hedge Funds Weigh In On Cumulus Media

Several large investors have recently made changes to their positions in CMLS. Y Intercept Hong Kong Ltd acquired a new position in shares of Cumulus Media in the 3rd quarter worth approximately $25,000. Garden State Investment Advisory Services LLC acquired a new position in shares of Cumulus Media in the 3rd quarter worth approximately $191,000. Finally, Zazove Associates LLC lifted its holdings in shares of Cumulus Media by 4.8% in the 4th quarter. Zazove Associates LLC now owns 1,528,428 shares of the company’s stock worth $1,024,000 after acquiring an additional 70,000 shares during the last quarter. 48.68% of the stock is currently owned by institutional investors and hedge funds.

Cumulus Media Company Profile

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.