Emmis Communications (NASDAQ:EMMS) announced its earnings results on Thursday. The company reported ($0.02) EPS for the quarter, Morningstar.com reports. Emmis Communications had a return on equity of 104.99% and a net margin of 43.65%. The firm had revenue of $35.35 million for the quarter.
Emmis Communications (EMMS) opened at $3.14 on Friday. The stock has a market capitalization of $39.98, a price-to-earnings ratio of 0.64 and a beta of 0.75. Emmis Communications has a twelve month low of $2.14 and a twelve month high of $3.87. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.11 and a quick ratio of 1.11.
In other Emmis Communications news, COO Patrick M. Walsh sold 40,000 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $3.45, for a total transaction of $138,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard A. Leventhal sold 8,951 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $3.43, for a total transaction of $30,701.93. Following the sale, the director now directly owns 88,413 shares in the company, valued at $303,256.59. The disclosure for this sale can be found here. 27.10% of the stock is currently owned by corporate insiders.
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Emmis Communications Company Profile
Emmis Communications Corporation is a media company, which focuses on radio broadcasting. The Company operates through three business segments: Radio, Publishing, and Corporate & Emerging Technologies. As of February 29, 2016, the Company owned 19 frequency modulation (FM) and four amplitude modulation (AM) radio stations in New York, Los Angeles, St.
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