Beasley Broadcast Group (NASDAQ:BBGI) Receives New Coverage from Analysts at StockNews.com

by · The Markets Daily

StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Free Report) in a research note published on Friday. The brokerage issued a hold rating on the stock.

Beasley Broadcast Group Stock Down 2.4 %

Shares of NASDAQ BBGI opened at $13.31 on Friday. Beasley Broadcast Group has a 12-month low of $8.45 and a 12-month high of $20.00. The stock has a market capitalization of $403.94 million, a price-to-earnings ratio of -5.57 and a beta of 0.99. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.78.

Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.40. Beasley Broadcast Group had a negative net margin of 25.52% and a negative return on equity of 0.96%. The company had revenue of $60.44 million during the quarter, compared to the consensus estimate of $60.80 million. During the same quarter in the prior year, the company posted ($1.60) EPS. As a group, equities analysts predict that Beasley Broadcast Group will post -1.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC bought a new stake in Beasley Broadcast Group, Inc. (NASDAQ:BBGI – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned approximately 0.15% of Beasley Broadcast Group as of its most recent SEC filing. Institutional investors own 21.73% of the company’s stock.

About Beasley Broadcast Group

(Get Free Report)

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.

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