Cumulus Media (NASDAQ:CMLS) Announces Earnings Results
by Jessica Moore · The Cerbat GemCumulus Media (NASDAQ:CMLS – Get Free Report) released its quarterly earnings data on Friday. The company reported ($11.55) earnings per share (EPS) for the quarter, RTT News reports. Cumulus Media had a negative net margin of 18.11% and a negative return on equity of 30.27%.
Cumulus Media Price Performance
CMLS stock opened at $0.00 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 3.68. The company has a market capitalization of $34,880.00, a P/E ratio of 0.00 and a beta of 0.71. The business has a 50 day simple moving average of $0.04 and a 200-day simple moving average of $0.09. Cumulus Media has a twelve month low of $0.01 and a twelve month high of $0.58.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded Cumulus Media from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.
View Our Latest Report on Cumulus Media
Cumulus Media Company Profile
Cumulus Media Inc is a leading American broadcasting company that owns and operates a network of AM and FM radio stations across the United States. Through its primary division, Cumulus Radio, the company provides a diverse portfolio of programming formats, including news, talk, sports, and various music genres. Beyond station ownership, Cumulus offers comprehensive advertising solutions, creating tailored campaigns for local and national advertisers that leverage on-air promotions, digital platforms, and live events.
Founded in 1997 by Lewis Dickey Jr., Cumulus Media established its corporate headquarters in Atlanta, Georgia.