Cumulus Media (NASDAQ:CMLS) Issues Earnings Results

Cumulus Media (NASDAQ:CMLS) announced its earnings results on Thursday. The company reported ($0.39) earnings per share (EPS) for the quarter, topping the consensus estimate 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 Price Performance

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

Wall Street Analysts Forecast Growth

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

About Cumulus Media

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.