Beasley Broadcast Group (NASDAQ:BBGI) Posts Earnings Results

Posted by Gary Stephens on Nov 8th, 2024

Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) released 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 net margin of 25.52% and a negative return on equity of 0.96%. The company had revenue of $58.19 million for the quarter, compared to analysts’ expectations of $61.10 million. During the same period in the previous year, the firm earned $1.80 earnings per share.

Beasley Broadcast Group Stock Down 3.5 %

BBGI traded down $0.32 during trading on Friday, hitting $8.70. The company’s stock had a trading volume of 7,454 shares, compared to its average volume of 2,892. The company has a market capitalization of $13.25 million, a PE ratio of 5.30 and a beta of 0.97. Beasley Broadcast Group has a one year low of $8.45 and a one year high of $20.00. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.78.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Beasley Broadcast Group in a report on Saturday, November 2nd. They issued a “hold” rating for the company.

Check Out Our Latest Report on BBGI

Beasley Broadcast Group Company Profile

(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.