FY2024 EPS Estimates for Cumulus Media Cut by Analyst

Cumulus Media Inc. (NASDAQ:CMLS) – Equities researchers at Barrington Research decreased their FY2024 earnings estimates for shares of Cumulus Media in a research report issued to clients and investors on Monday, November 4th. Barrington Research analyst J. Goss now anticipates that the company will earn ($2.72) per share for the year, down from their previous forecast of ($2.55). The consensus estimate for Cumulus Media’s current full-year earnings is ($2.42) per share. Barrington Research also issued estimates for Cumulus Media’s Q4 2024 earnings at ($0.58) EPS, Q1 2025 earnings at ($1.17) EPS, Q2 2025 earnings at ($0.35) EPS, Q3 2025 earnings at ($0.48) EPS, Q4 2025 earnings at ($0.64) EPS, FY2025 earnings at ($2.63) EPS, Q1 2026 earnings at ($0.91) EPS, Q2 2026 earnings at ($0.07) EPS, Q3 2026 earnings at ($0.26) EPS and FY2026 earnings at ($1.44) EPS.

Separately, StockNews.com assumed coverage on shares of Cumulus Media in a report on Tuesday. They set a “hold” rating for the company.

Cumulus Media Stock Down 1.0 %

Shares of CMLS stock opened at $0.87 on Thursday. Cumulus Media has a one year low of $0.86 and a one year high of $5.51. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.89 and a quick ratio of 1.88. The stock has a fifty day moving average price of $1.33 and a 200 day moving average price of $1.87. The stock has a market cap of $14.75 million, a P/E ratio of -0.10 and a beta of 1.45.

Cumulus Media (NASDAQ:CMLS) last announced its quarterly earnings data on Friday, November 1st. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.07). The firm had revenue of $203.60 million during the quarter, compared to the consensus estimate of $204.05 million. Cumulus Media had a negative return on equity of 30.27% and a negative net margin of 18.11%. During the same quarter in the prior year, the business posted $0.16 EPS.

Institutional Trading of Cumulus Media

Institutional investors have recently bought and sold shares of the stock. Balanced Rock Investment Advisors LLC boosted its stake in shares of Cumulus Media by 12.7% in the 2nd quarter. Balanced Rock Investment Advisors LLC now owns 90,579 shares of the company’s stock valued at $185,000 after purchasing an additional 10,228 shares in the last quarter. Empowered Funds LLC bought a new position in Cumulus Media during the 1st quarter valued at about $54,000. Acadian Asset Management LLC boosted its position in Cumulus Media by 3.9% in the second quarter. Acadian Asset Management LLC now owns 426,220 shares of the company’s stock valued at $868,000 after buying an additional 15,920 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Cumulus Media during the first quarter worth about $303,000. Institutional investors and hedge funds own 48.68% of the company’s stock.

About Cumulus Media

Cumulus Media Inc, an audio-first media company, owns and operates radio stations in the United States. It owns and operates stations in various markets, as well as affiliated stations through Westwood One. The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, AP News, the Academy of Country Music Awards, and other partners.