Boston Omaha (NYSE:BOC) Releases Earnings Results, Beats Estimates By $0.01 EPS

Boston Omaha (NYSE:BOC) announced its earnings results on Friday. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01, FiscalAI reports. Boston Omaha had a negative net margin of 12.12% and a negative return on equity of 2.49%. The business had revenue of $22.18 million for the quarter, compared to analysts’ expectations of $30.00 million.

Boston Omaha Price Performance

Shares of Boston Omaha stock traded up $0.01 during trading on Friday, reaching $13.72. The company’s stock had a trading volume of 68,937 shares, compared to its average volume of 157,618. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.09. Boston Omaha has a 12-month low of $10.52 and a 12-month high of $15.22. The company has a market capitalization of $413.29 million, a P/E ratio of -32.66 and a beta of 0.77. The business has a 50 day moving average price of $13.24 and a 200-day moving average price of $13.05.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BOC shares. Wall Street Zen upgraded shares of Boston Omaha from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings restated a “sell (d)” rating on shares of Boston Omaha in a research note on Tuesday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Boston Omaha presently has a consensus rating of “Sell”.

About Boston Omaha

Boston Omaha Corporation is a diversified holding company whose businesses operate in outdoor advertising, broadband services, insurance and asset management, and real estate. The company acquires and develops businesses with a long-term investment approach. Its subsidiaries include Link Media Outdoor, which owns and operates billboard displays, and Boston Omaha Broadband, which provides internet services in select markets. Through its insurance-related businesses, including General Indemnity Group, the company participates in insurance underwriting and related services.