StockNews.com initiated coverage on shares of Lee Enterprises (NYSE:LEE – Free Report) in a research report report published on Saturday morning. The firm issued a buy rating on the stock.
Lee Enterprises Price Performance
Shares of NYSE LEE opened at $8.71 on Friday. The firm has a 50-day simple moving average of $8.88 and a 200-day simple moving average of $11.09. The stock has a market capitalization of $53.51 million, a price-to-earnings ratio of -4.39 and a beta of 1.22. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 69.34. Lee Enterprises has a 52 week low of $7.56 and a 52 week high of $15.89.
Lee Enterprises (NYSE:LEE – Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($1.41). Lee Enterprises had a negative net margin of 2.88% and a negative return on equity of 112.98%. The business had revenue of $150.58 million during the quarter, compared to analyst estimates of $165.48 million. During the same quarter last year, the company earned $0.25 earnings per share. On average, equities analysts predict that Lee Enterprises will post -2.02 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Lee Enterprises
Lee Enterprises Company Profile
Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers digital subscription platforms; daily, weekly, and monthly newspapers and niche publications; and web hosting and content management services. It also provides advertising and marketing services, such as audience extension, search engine optimization, search engine marketing, web and mobile production, social media services, and reputation monitoring and management.
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