Cumulus Media (NASDAQ:CMLS) Issues Earnings Results

Cumulus Media (NASDAQ:CMLS) posted its earnings results on Thursday. The company reported ($0.39) EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.18, Zacks reports. Cumulus Media had a negative net margin of 18.11% and a negative return on equity of 30.27%.

Cumulus Media Stock Performance

CMLS stock traded down $0.02 during trading on Thursday, hitting $0.89. 4,195 shares of the company traded hands, compared to its average volume of 48,997. The company has a market cap of $15.05 million, a PE ratio of -0.10 and a beta of 1.34. Cumulus Media has a 1 year low of $0.63 and a 1 year high of $3.95. The stock’s 50-day simple moving average is $0.83 and its 200 day simple moving average is $1.07. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.89 and a quick ratio of 1.89.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Cumulus Media in a research report on Tuesday. They set a “hold” rating for the company.

Cumulus Media Company Profile

Cumulus Media Inc, an audio-first media company, owns and operates radio stations in the United States. It owns and operates stations in various markets, as well as affiliated stations through Westwood One. The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, AP News, the Academy of Country Music Awards, and other partners.