Beasley Broadcast Group (NASDAQ:BBGI) Issues Earnings Results

Beasley Broadcast Group (NASDAQ:BBGI) issued its quarterly earnings data on Tuesday. The company reported ($2.33) earnings per share for the quarter, Zacks reports. Beasley Broadcast Group had a negative return on equity of 0.96% and a negative net margin of 25.52%. The firm had revenue of $58.19 million during the quarter, compared to analyst estimates of $61.10 million. During the same quarter last year, the company posted $1.80 EPS.

Beasley Broadcast Group Stock Performance

BBGI traded down $0.64 during midday trading on Wednesday, hitting $10.11. 3,071 shares of the company traded hands, compared to its average volume of 2,852. The company has a market cap of $15.37 million, a price-to-earnings ratio of -0.25 and a beta of 0.97. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.78. Beasley Broadcast Group has a 52-week low of $8.45 and a 52-week high of $20.00.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Beasley Broadcast Group in a report on Saturday. They issued a “hold” rating for the company.

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.