Beasley Broadcast Group (BBGI) Receiving Somewhat Critical Media Coverage, Report Shows
News coverage about Beasley Broadcast Group (NASDAQ:BBGI) has trended somewhat negative this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Beasley Broadcast Group earned a coverage optimism score of -0.04 on Accern’s scale. Accern also gave media stories about the company an impact score of 44.6809198569965 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Beasley Broadcast Group (NASDAQ:BBGI) traded down 2.05% during mid-day trading on Wednesday, reaching $11.95. The company had a trading volume of 29,380 shares. The stock has a 50 day moving average of $11.44 and a 200-day moving average of $10.70. Beasley Broadcast Group has a one year low of $4.75 and a one year high of $18.19. The firm has a market capitalization of $344.02 million, a price-to-earnings ratio of 5.78 and a beta of 0.77.
Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings results on Monday, July 31st. The company reported $0.06 EPS for the quarter. The business had revenue of $61.01 million for the quarter. Beasley Broadcast Group had a net margin of 27.83% and a return on equity of 11.35%. Equities analysts predict that Beasley Broadcast Group will post $0.53 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 6th. Shareholders of record on Friday, September 29th were given a dividend of $0.045 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.18 dividend on an annualized basis and a yield of 1.51%. Beasley Broadcast Group’s dividend payout ratio (DPR) is currently 8.78%.
About Beasley Broadcast Group
Beasley Broadcast Group, Inc is a radio broadcasting company. The Company’s primary business is operating radio stations throughout the United States. As of December 31, 2016, the Company owned and operated 63 radio stations in various radio markets, Atlanta and Augusta in Georgia; Boston, Massachusetts; Charlotte, North Carolina; Detroit, Michigan; Fayetteville, North Carolina; Fort Myers-Naples, Florida; Las Vegas, Nevada; Middlesex, New Jersey; Monmouth, New Jersey; Morristown, New Jersey; Philadelphia, Pennsylvania; Tampa-Saint Petersburg, Florida; West Palm Beach-Boca Raton, Florida, and Wilmington, Delaware.
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