StockNews.com initiated coverage on shares of Cumulus Media (NASDAQ:CMLS – Free Report) in a research note published on Sunday morning. The firm issued a hold rating on the stock.
Cumulus Media Stock Performance
Cumulus Media stock opened at $1.14 on Friday. The stock’s 50 day simple moving average is $1.47 and its two-hundred day simple moving average is $2.01. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market cap of $19.25 million, a price-to-earnings ratio of -0.17 and a beta of 1.44. Cumulus Media has a fifty-two week low of $1.13 and a fifty-two week high of $5.51.
Cumulus Media (NASDAQ:CMLS – Get Free Report) last issued its quarterly earnings data on Friday, August 2nd. The company reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.49) by ($0.19). The firm had revenue of $204.85 million during the quarter, compared to the consensus estimate of $206.00 million. Cumulus Media had a negative return on equity of 22.15% and a negative net margin of 16.46%. During the same period in the previous year, the firm earned ($0.06) EPS. As a group, analysts expect that Cumulus Media will post -2.4 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Cumulus Media
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.
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