Cumulus Media (NASDAQ:CMLS – Get Free Report) announced its earnings results on Friday. The company reported ($11.55) EPS for the quarter, RTT News reports. Cumulus Media had a negative net margin of 18.11% and a negative return on equity of 30.27%.
Cumulus Media Stock Performance
Shares of CMLS remained flat at $0.00 during trading hours on Friday. Cumulus Media has a twelve month low of $0.01 and a twelve month high of $0.58. The company has a market cap of $34,880.00, a price-to-earnings ratio of 0.00 and a beta of 0.71. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 3.68. The business has a 50 day moving average price of $0.04 and a 200-day moving average price of $0.09.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded Cumulus Media from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.
About Cumulus Media
Cumulus Media Inc is a leading American broadcasting company that owns and operates a network of AM and FM radio stations across the United States. Through its primary division, Cumulus Radio, the company provides a diverse portfolio of programming formats, including news, talk, sports, and various music genres. Beyond station ownership, Cumulus offers comprehensive advertising solutions, creating tailored campaigns for local and national advertisers that leverage on-air promotions, digital platforms, and live events.
Founded in 1997 by Lewis Dickey Jr., Cumulus Media established its corporate headquarters in Atlanta, Georgia.
Further Reading
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