Emmis Communications (NASDAQ:EMMS) Announces Quarterly Earnings Results

Emmis Communications (NASDAQ:EMMS) released its quarterly earnings results on Thursday. The company reported $0.13 earnings per share for the quarter, Morningstar.com reports. Emmis Communications had a return on equity of 1.52% and a net margin of 1.35%. The company had revenue of $27.77 million for the quarter.

Shares of Emmis Communications stock opened at $5.65 on Friday. The firm has a fifty day simple moving average of $4.54. The company has a market cap of $74.00 million, a P/E ratio of 51.36 and a beta of 1.27. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.49. Emmis Communications has a 52 week low of $3.13 and a 52 week high of $6.75.

Several equities analysts have commented on the company. TheStreet downgraded Zumiez from a “b” rating to a “c+” rating in a research report on Thursday, June 6th. ValuEngine downgraded Virtu Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 18th.

In other Emmis Communications news, insider Gregory T. Loewen sold 7,500 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $6.50, for a total value of $48,750.00. Following the transaction, the insider now owns 122,146 shares of the company’s stock, valued at approximately $793,949. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 32.30% of the company’s stock.

About Emmis Communications

Emmis Communications Corporation, a diversified media company, engages in radio broadcasting activities in the United States. The company operates in three segments: Radio, Publishing, and Corporate & Emerging Technologies. It operates 11 FM and 3 AM radio stations in New York, Los Angeles, Indianapolis, and Austin, as well as publishes Indianapolis monthly magazine.

Further Reading: Support Level

Earnings History for Emmis Communications (NASDAQ:EMMS)

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