StockNews.com assumed coverage on shares of Cumulus Media (NASDAQ:CMLS – Free Report) in a report published on Tuesday morning. The brokerage issued a hold rating on the stock.
Cumulus Media Price Performance
NASDAQ:CMLS opened at $1.52 on Tuesday. The stock has a market capitalization of $25.75 million, a PE ratio of -0.23 and a beta of 1.45. Cumulus Media has a 1-year low of $1.29 and a 1-year high of $5.51. The firm has a fifty day simple moving average of $1.77 and a 200 day simple moving average of $2.46. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 3.55.
Cumulus Media (NASDAQ:CMLS – Get Free Report) last issued its earnings results on Friday, August 2nd. The company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $204.85 million during the quarter, compared to the consensus estimate of $206.00 million. During the same period in the previous year, the company posted ($0.06) earnings per share. On average, research analysts expect that Cumulus Media will post -2.4 EPS for the current fiscal year.
Hedge Funds Weigh In On 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.
Further Reading
- Five stocks we like better than Cumulus Media
- What Are Some of the Best Large-Cap Stocks to Buy?
- 3 Leveraged ETFs to Multiply Returns
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- A Tale of Two Titans: Unveiling the Value in Baidu and JD.com
- Do ETFs Pay Dividends? What You Need to Know
- Is the AI-Capable iPhone 16 the Start of a Sales Super-Cycle?
Receive News & Ratings for Cumulus Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cumulus Media and related companies with MarketBeat.com's FREE daily email newsletter.