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.
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.
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
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