StockNews.com started coverage on shares of Cumulus Media (NASDAQ:CMLS – Free Report) in a report published on Thursday morning. The firm issued a hold rating on the stock.
Cumulus Media Trading Down 18.6 %
NASDAQ CMLS opened at $1.62 on Thursday. The company’s 50-day moving average price is $2.05 and its 200-day moving average price is $3.00. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 3.22. The stock has a market cap of $27.36 million, a PE ratio of -0.24 and a beta of 1.47. Cumulus Media has a 12 month low of $1.29 and a 12 month high of $5.51.
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 analysts’ consensus estimates of ($0.49) by ($0.19). The company had revenue of $204.85 million during the quarter, compared to the consensus estimate of $206.00 million. Cumulus Media had a negative return on equity of 16.78% and a negative net margin of 13.18%. During the same quarter in the previous year, the company posted ($0.06) earnings per share. Equities research analysts forecast that Cumulus Media will post -1.91 earnings per share for the current year.
Institutional Inflows and Outflows
Cumulus Media Company Profile
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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