Beasley Broadcast Group, Inc. (BBGI) Scheduled to Post Earnings on Tuesday
Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings results on Monday, July 31st. The company reported $0.06 EPS for the quarter. The company had revenue of $61.01 million for the quarter. Beasley Broadcast Group had a return on equity of 11.35% and a net margin of 27.83%. On average, analysts expect Beasley Broadcast Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Beasley Broadcast Group, Inc. (NASDAQ BBGI) opened at 10.45 on Tuesday. Beasley Broadcast Group, Inc. has a one year low of $4.75 and a one year high of $18.19. The stock has a 50 day moving average price of $11.52 and a 200-day moving average price of $10.67. The company has a market capitalization of $300.83 million, a price-to-earnings ratio of 5.05 and a beta of 0.76.
The company also recently announced a quarterly dividend, which was paid on Friday, October 6th. Stockholders of record on Friday, September 29th were paid a $0.045 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.18 annualized dividend and a dividend yield of 1.72%. Beasley Broadcast Group’s dividend payout ratio is presently 8.78%.
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Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp acquired a new stake in shares of Beasley Broadcast Group in the 2nd quarter valued at about $416,000. Northern Trust Corp boosted its stake in Beasley Broadcast Group by 302.9% during the 2nd quarter. Northern Trust Corp now owns 56,422 shares of the company’s stock valued at $552,000 after purchasing an additional 42,419 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Beasley Broadcast Group by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 122,479 shares of the company’s stock valued at $1,200,000 after purchasing an additional 8,146 shares during the last quarter. Institutional investors own 14.24% of the company’s stock.
Beasley Broadcast Group Company Profile
Beasley Broadcast Group, Inc is a radio broadcasting company. The Company’s primary business is operating radio stations throughout the United States. As of December 31, 2016, the Company owned and operated 63 radio stations in various radio markets, Atlanta and Augusta in Georgia; Boston, Massachusetts; Charlotte, North Carolina; Detroit, Michigan; Fayetteville, North Carolina; Fort Myers-Naples, Florida; Las Vegas, Nevada; Middlesex, New Jersey; Monmouth, New Jersey; Morristown, New Jersey; Philadelphia, Pennsylvania; Tampa-Saint Petersburg, Florida; West Palm Beach-Boca Raton, Florida, and Wilmington, Delaware.
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