Beasley Broadcast Group, Inc. (BBGI) Set to Announce Quarterly Earnings on Tuesday

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) is scheduled to announce its earnings results before the market opens on Tuesday, October 31st.

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 during the quarter. Beasley Broadcast Group had a net margin of 27.83% and a return on equity of 11.35%. On average, analysts expect Beasley Broadcast Group to post $0.53 EPS for the current fiscal year and $0.56 EPS for the next fiscal year.

Shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) opened at 10.70 on Friday. The stock has a market cap of $308.03 million, a P/E ratio of 5.17 and a beta of 0.77. Beasley Broadcast Group, Inc. has a 12 month low of $4.75 and a 12 month high of $18.19. The company has a 50 day moving average of $11.48 and a 200 day moving average of $10.65.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 6th. Investors of record on Friday, September 29th were paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 1.68%. The ex-dividend date was Thursday, September 28th. Beasley Broadcast Group’s payout ratio is 8.78%.

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A number of institutional investors have recently added to or reduced their stakes in BBGI. State Street Corp bought a new position in Beasley Broadcast Group during the 2nd quarter worth approximately $416,000. Northern Trust Corp boosted its stake in Beasley Broadcast Group by 302.9% during the 2nd quarter. Northern Trust Corp now owns 56,422 shares of the company’s stock worth $552,000 after acquiring an additional 42,419 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Beasley Broadcast Group by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 122,479 shares of the company’s stock worth $1,200,000 after acquiring an additional 8,146 shares during the last quarter. 14.24% of the stock is currently owned by institutional investors and hedge funds.

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.

Earnings History for Beasley Broadcast Group (NASDAQ:BBGI)

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