With its stock considered “undervalued” by financial analysts, Beasley Broadcast Group shares are presently trading at $3.19 — just above recent five-year lows experienced by the company that grew with a merger with Greater Media.
That deal came back to bite shareholders, as members of the Bordes family cashed in on Beasley stock at a price many investors weren’t too happy about.
With BBGI continuing to struggle on Nasdaq, company CFO Marie Tedesco and CEO Caroline Beasley are preparing for an August 5 of Beasley’s second-quarter financial results.
The Naples, Fla.-based large- and mid-size market radio broadcaster, with properties in such markets as Philadelphia, Tampa, Detroit and Boston, will report its Q2 2019 results before the market opens on Monday.
A conference call and webcast is set for 10am that morning, during which Tedesco and Beasley will review the results.
What can investors expect? “As we move through the remainder of 2019, we expect the operating and financial benefits of our disciplined approach to building Beasley’s broadcast and digital platform to become more visible,” Caroline Beasley said in revealing the company’s Q1 results.
This includes debt reduction in Q2, along with $325,000 in political revenue in the quarter, which may impact Beasley’s pacing going forward.