Equities researchers at StockNews.com started coverage on shares of Lee Enterprises (NYSE:LEE – Get Free Report) in a report released on Saturday. The firm set a “buy” rating on the stock.
Lee Enterprises Price Performance
Shares of LEE opened at $8.78 on Friday. The firm has a 50-day simple moving average of $8.88 and a two-hundred day simple moving average of $11.08. The stock has a market cap of $53.94 million, a PE ratio of -4.37 and a beta of 1.22. Lee Enterprises has a 1-year low of $7.56 and a 1-year high of $15.89. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.92 and a quick ratio of 0.87.
Lee Enterprises (NYSE:LEE – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($1.41). The firm had revenue of $150.58 million for the quarter, compared to analyst estimates of $165.48 million. Lee Enterprises had a negative return on equity of 112.98% and a negative net margin of 2.88%. During the same quarter last year, the company earned $0.25 earnings per share. As a group, analysts forecast that Lee Enterprises will post -2.02 EPS for the current year.
Institutional Inflows and Outflows
About Lee Enterprises
Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers digital subscription platforms; daily, weekly, and monthly newspapers and niche publications; and web hosting and content management services. It also provides advertising and marketing services, such as audience extension, search engine optimization, search engine marketing, web and mobile production, social media services, and reputation monitoring and management.
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