Noble Financial analyst Michael Kupinski maintained a Buy rating on Beasley Broadcast Group (BBGI – Research Report) today and set a price target of $3.00. The company’s shares closed yesterday at $1.20.
According to TipRanks, Kupinski is a 5-star analyst with an average return of 13.1% and a 44.62% success rate. Kupinski covers the Services sector, focusing on stocks such as Harte-Hanks, Beasley Broadcast Group, and Cumulus Media.
Beasley Broadcast Group has an analyst consensus of Moderate Buy, with a price target consensus of $3.00.
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Based on Beasley Broadcast Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $63.82 million and a net profit of $498.07 thousand. In comparison, last year the company earned a revenue of $62.9 million and had a GAAP net loss of $1.62 million
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Beasley Broadcast Group, Inc. engages in the operation of radio stations. It owns and operates radio stations in the following markets: Atlanta, Augusta, Boston, Charlotte, Detroit, Fayetteville, Fort Myers-Naples, Greenville-New Bern-Jacksonville, Las Vegas, Philadelphia, Tampa-Saint Petersburg, West Palm Beach-Boca Raton and Wilmington. The company was founded by George G. Beasley in 1961 and is headquartered in Naples, FL.
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