Somewhat Positive Media Coverage Somewhat Unlikely to Impact Beasley Broadcast Group (BBGI) Share Price

News articles about Beasley Broadcast Group (NASDAQ:BBGI) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Beasley Broadcast Group earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.6536726021537 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

• Edited Transcript of BBGI earnings conference call or presentation 31-Jul-17 2:00pm GMT (finance.yahoo.com)
• Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Releases Earnings Results (americanbankingnews.com)
• A Positive Q2 For Beasley, With Mixed Pro-Forma Results (rbr.com)
• BRIEF-Beasley Broadcast Group Q2 earnings per share $0.14 (reuters.com)
• Beasley Broadcast Group’s (BBGI) CEO Caroline Beasley on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)

Shares of Beasley Broadcast Group (BBGI) traded up 0.47% on Friday, hitting $10.80. The stock had a trading volume of 10,023 shares. The company’s 50-day moving average price is $10.23 and its 200 day moving average price is $10.19. The firm has a market cap of $311.43 million, a P/E ratio of 5.22 and a beta of 0.71. Beasley Broadcast Group has a 12-month low of $4.75 and a 12-month high of $18.19.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its quarterly earnings data on Monday, July 31st. The company reported $0.06 EPS for the quarter. Beasley Broadcast Group had a return on equity of 11.80% and a net margin of 27.83%. The company had revenue of $61.01 million for the quarter. On average, equities research analysts forecast that Beasley Broadcast Group will post $0.53 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 7th. Stockholders of record on Friday, June 30th were paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, June 28th. Beasley Broadcast Group’s dividend payout ratio is presently 8.78%.

In other news, Director Joe B. Cox sold 3,550 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $8.41, for a total value of $29,855.50. Following the sale, the director now owns 2,207 shares of the company’s stock, valued at approximately $18,560.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 69.86% of the stock is currently owned by insiders.

Beasley Broadcast Group Company Profile

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.