StockNews.com assumed coverage on shares of Cumulus Media (NASDAQ:CMLS – Free Report) in a research note released on Sunday morning. The brokerage issued a hold rating on the stock.
Cumulus Media Stock Performance
Cumulus Media stock opened at $1.28 on Friday. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.88 and a quick ratio of 1.88. Cumulus Media has a 12 month low of $1.24 and a 12 month high of $5.51. The company has a fifty day moving average price of $1.49 and a two-hundred day moving average price of $2.04. The company has a market cap of $21.61 million, a PE ratio of -0.19 and a beta of 1.44.
Cumulus Media (NASDAQ:CMLS – Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The company reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.49) by ($0.19). Cumulus Media had a negative net margin of 16.46% and a negative return on equity of 22.15%. The business had revenue of $204.85 million during the quarter, compared to analyst estimates of $206.00 million. During the same period last year, the firm posted ($0.06) earnings per share. Research analysts expect that Cumulus Media will post -2.4 earnings per share for the current year.
Institutional Trading of Cumulus Media
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.
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