Central European Media Enterprises Ltd. (CETV) Set to Announce Earnings on Monday
Central European Media Enterprises Ltd. (NASDAQ:CETV) is scheduled to issue its quarterly earnings data before the market opens on Monday, July 24th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.
Central European Media Enterprises (NASDAQ:CETV) last issued its quarterly earnings data on Wednesday, April 26th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.07. The business had revenue of $135 million during the quarter. On average, analysts expect Central European Media Enterprises to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Central European Media Enterprises Ltd. (NASDAQ:CETV) opened at 4.20 on Monday. The firm has a 50-day moving average price of $4.11 and a 200-day moving average price of $3.27. The firm’s market capitalization is $606.57 million. Central European Media Enterprises Ltd. has a one year low of $2.15 and a one year high of $4.55.
In other Central European Media Enterprises news, insider Global Equity Master Fund Tcs sold 5,000,000 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $4.05, for a total transaction of $20,250,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.77% of the company’s stock.
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Several brokerages have recently weighed in on CETV. Zacks Investment Research cut Central European Media Enterprises from a “buy” rating to a “sell” rating in a research report on Monday, June 5th. BidaskClub upgraded Central European Media Enterprises from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, TheStreet upgraded Central European Media Enterprises from a “d” rating to a “c” rating in a research report on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $3.90.
About Central European Media Enterprises
Central European Media Enterprises Ltd. (CME Ltd.) is a media and entertainment company operating in Central and Eastern Europe. The Company’s assets are held through a series of Dutch and Curacao holding companies. The Company manages its business on a geographical basis, with six segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia.
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