Emmis Communications (EMMS) Issues Quarterly Earnings Results

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.

An institutional investor recently raised its position in Emmis Communications stock. Kennedy Capital Management Inc. raised its position in shares of Emmis Communications Corporation (NASDAQ:EMMS) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,149 shares of the company’s stock after purchasing an additional 1,388 shares during the quarter. Kennedy Capital Management Inc. owned 1.14% of Emmis Communications worth $408,000 at the end of the most recent quarter. 36.35% of the stock is currently owned by institutional investors.

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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.

Earnings History for Emmis Communications (NASDAQ:EMMS)

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