Urban One (UONEK) Posts Earnings Results

Urban One (NASDAQ:UONEK) released its quarterly earnings data on Thursday. The company reported $0.49 earnings per share for the quarter, Morningstar.com reports. Urban One had a net margin of 26.25% and a return on equity of 76.74%. The firm had revenue of $110.73 million for the quarter.

Shares of Urban One stock traded down $0.04 during trading hours on Friday, reaching $2.15. The company’s stock had a trading volume of 28,500 shares, compared to its average volume of 35,225. Urban One has a one year low of $1.35 and a one year high of $2.40. The firm has a market capitalization of $107.56 million, a price-to-earnings ratio of 37.67 and a beta of -0.31. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 23.25.

An institutional investor recently raised its position in Urban One stock. Renaissance Technologies LLC grew its position in Urban One Inc (NASDAQ:UONEK) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,351,000 shares of the company’s stock after purchasing an additional 26,700 shares during the period. Renaissance Technologies LLC owned about 2.78% of Urban One worth $2,837,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 35.98% of the company’s stock.

Separately, TheStreet raised shares of Urban One from a “d+” rating to a “c” rating in a research note on Tuesday, August 21st.

Urban One Company Profile

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.

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Earnings History for Urban One (NASDAQ:UONEK)

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