Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Forecasted to Earn Q4 2024 Earnings of $0.11 Per Share

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) – Equities researchers at Noble Financial dropped their Q4 2024 earnings per share estimates for shares of Beasley Broadcast Group in a research report issued to clients and investors on Thursday, May 9th. Noble Financial analyst M. Kupinski now anticipates that the company will post earnings of $0.11 per share for the quarter, down from their prior estimate of $0.13. The consensus estimate for Beasley Broadcast Group’s current full-year earnings is ($0.08) per share.

Separately, StockNews.com initiated coverage on shares of Beasley Broadcast Group in a report on Friday. They set a “hold” rating on the stock.

Beasley Broadcast Group Price Performance

BBGI opened at $0.69 on Friday. The firm’s fifty day moving average price is $0.77 and its two-hundred day moving average price is $0.80. The company has a market capitalization of $20.93 million, a price-to-earnings ratio of -0.27 and a beta of 1.03. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.79 and a quick ratio of 1.79. Beasley Broadcast Group has a 1 year low of $0.60 and a 1 year high of $1.28.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its earnings results on Monday, February 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $65.75 million for the quarter, compared to analysts’ expectations of $66.05 million. Beasley Broadcast Group had a negative net margin of 30.40% and a negative return on equity of 3.99%.

Hedge Funds Weigh In On Beasley Broadcast Group

A hedge fund recently raised its stake in Beasley Broadcast Group stock. Gamco Investors INC. ET AL raised its holdings in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 730,450 shares of the company’s stock after purchasing an additional 23,900 shares during the period. Gamco Investors INC. ET AL owned 2.44% of Beasley Broadcast Group worth $636,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 21.73% of the company’s stock.

About Beasley Broadcast Group

Beasley Broadcast Group, Inc, a multi-platform media company, owns and operates radio stations in the United States. The company offers local and national advertisers integrated marketing solutions across audio, digital, and event platforms. It operates Houston Outlaws, an esports team that competes in the Overwatch League; and an esports team that competes in the Rocket League.