Emmis Communications (NASDAQ:EMMS) announced its quarterly earnings data on Thursday. The company reported $0.05 earnings per share for the quarter, Morningstar.com reports. Emmis Communications had a net margin of 28.32% and a return on equity of 41.04%.
Shares of Emmis Communications stock remained flat at $$3.87 during trading hours on Friday. 2,316 shares of the stock were exchanged, compared to its average volume of 18,783. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.59 and a quick ratio of 0.59. Emmis Communications has a fifty-two week low of $2.83 and a fifty-two week high of $5.84. The stock has a market capitalization of $46.88 million, a price-to-earnings ratio of 1.35 and a beta of 0.88.
In other Emmis Communications news, CEO Jeffrey H. Smulyan sold 45,045 shares of the stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $4.32, for a total value of $194,594.40. Following the transaction, the chief executive officer now directly owns 159,836 shares in the company, valued at $690,491.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 32.30% of the company’s stock.
A hedge fund recently raised its stake in Emmis Communications stock. Dimensional Fund Advisors LP increased its stake in shares of Emmis Communications Co. (NASDAQ:EMMS) by 19.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 195,976 shares of the company’s stock after acquiring an additional 31,442 shares during the period. Dimensional Fund Advisors LP owned 1.52% of Emmis Communications worth $1,037,000 as of its most recent filing with the SEC. 35.25% of the stock is currently owned by institutional investors and hedge funds.
Separately, TheStreet lowered shares of Emmis Communications from a “c” rating to a “d+” rating in a research report on Monday, October 15th.
Emmis Communications Company Profile
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.
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