Emmis Communications (EMMS) Releases Quarterly Earnings Results

Emmis Communications (NASDAQ:EMMS) announced its quarterly earnings data on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, Morningstar.com reports. Emmis Communications had a return on equity of 41.04% and a net margin of 28.32%.

Emmis Communications stock traded up $0.18 during mid-day trading on Friday, hitting $4.05. 1,514 shares of the company’s stock were exchanged, compared to its average volume of 18,783. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $46.88 million, a price-to-earnings ratio of 1.35 and a beta of 0.88. Emmis Communications has a 1-year low of $2.83 and a 1-year high of $5.84.

Separately, TheStreet lowered Emmis Communications from a “c” rating to a “d+” rating in a report on Monday, October 15th.

In other Emmis Communications news, CEO Jeffrey H. Smulyan sold 45,045 shares of the stock in a transaction on Thursday, October 18th. The shares were sold at an average price of $4.32, for a total transaction of $194,594.40. Following the transaction, the chief executive officer now directly owns 159,836 shares of the company’s stock, valued at $690,491.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 32.30% of the company’s stock.

An institutional investor recently raised its position in Emmis Communications stock. Dimensional Fund Advisors LP grew its holdings in Emmis Communications Co. (NASDAQ:EMMS) by 19.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 195,976 shares of the company’s stock after purchasing an additional 31,442 shares during the quarter. Dimensional Fund Advisors LP owned about 1.52% of Emmis Communications worth $1,037,000 as of its most recent filing with the SEC. 35.25% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: This report was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://www.themarketsdaily.com/2019/01/11/emmis-communications-emms-releases-quarterly-earnings-results.html.

Emmis Communications Company Profile

Emmis Communications Corporation, a diversified media company, engages in radio broadcasting activities in the United States. The company operates in three segments: Radio, Publishing, and Corporate & Emerging Technologies. It operates 11 FM and 3 AM radio stations in New York, Los Angeles, Indianapolis, and Austin, as well as publishes Indianapolis monthly magazine.

Further Reading: Reverse Stock Split

Earnings History for Emmis Communications (NASDAQ:EMMS)

Receive News & Ratings for Emmis Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emmis Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply