Lee Enterprises (LEE) Posts Earnings Results, Misses Estimates By $0.01 EPS
Lee Enterprises (NYSE:LEE) announced its quarterly earnings data on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01), RTT News reports. Lee Enterprises had a negative return on equity of 16.83% and a net margin of 4.30%. The firm had revenue of $140.21 million during the quarter. During the same period in the prior year, the firm posted $0.10 earnings per share.
Lee Enterprises (LEE) traded down $0.10 during midday trading on Thursday, reaching $2.30. 871,800 shares of the company were exchanged, compared to its average volume of 175,598. The firm has a market capitalization of $136.12, a P/E ratio of 7.06 and a beta of 2.13. Lee Enterprises has a 52 week low of $1.75 and a 52 week high of $3.65. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of -5.10.
Separately, TheStreet raised shares of Lee Enterprises from a “d+” rating to a “c” rating in a report on Monday, October 9th.
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Lee Enterprises, Incorporated is a provider of local news and information, and a platform for print and digital advertising. The Company’s products included 46 daily and 34 Sunday newspapers, 300 weekly newspapers, and classified and niche publications, as of September 25, 2016. The Company also provides a range of digital products, including video, digital couponing, behavioral targeting, audience retargeting, banner advertisements and social networking.
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