Boston Omaha (NYSE:BOC) Posts Earnings Results, Misses Expectations By $0.04 EPS

Boston Omaha (NYSE:BOC) posted its quarterly earnings results on Tuesday. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04), Zacks reports. The company had revenue of $27.70 million during the quarter, compared to the consensus estimate of $27.20 million. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%.

Boston Omaha Stock Down 2.7 %

NYSE BOC opened at $14.66 on Friday. Boston Omaha has a 52-week low of $12.41 and a 52-week high of $16.99. The company has a current ratio of 2.09, a quick ratio of 2.01 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average price is $14.87 and its 200-day moving average price is $14.31.

Analysts Set New Price Targets

Several research firms have recently weighed in on BOC. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $15.00 price target (down previously from $17.00) on shares of Boston Omaha in a research note on Thursday, September 19th. TD Cowen decreased their target price on Boston Omaha from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st.

Boston Omaha Company Profile

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It is also involved in the surety insurance and related brokerage, broadband, and asset management businesses. The company was formerly known as REO Plus, Inc and changed its name to Boston Omaha Corporation in March 2015.