Wondering when Emmis Communications would be sharing its fiscal Q4 and full-year 2018 financial results?
There’s no further need for any head scratching. The company that owns TagStation LLC and the NextRadio and Dial Report tools, in addition to a shrinking group of AMs in FMs and Indianapolis Monthly magazine, will reveal all on Thursday (5/10).
Emmis Chairman/CEO Jeff Smulyan and EVP/CFO and Treasurer Ryan Hornaday will host a conference call for Wall Street analysts at 9am Eastern.
With much of the media’s focus on Emmis’ paring down of its radio stations as it seeks to widen its company’s revenue drivers through smartphone-friendly and “connected car”-ready NextRadio and its TagStation offering, the untold story is the healthy rebound of Emmis’ stock.
While some may remember the days when Emmis’ shares were more than $100 a share, or perhaps $12 a share — last seen in April 2014 — a 9.2% gain in late Monday’s trading session put Emmis shares at $5.10.
Believe it or not, that’s the highest EMMS has been since September 2015.
And, it’s doubled in value from Sept. 4, when Emmis shares dipped to $2.48.
Monday’s trading volume was relatively brisk for Emmis, with 60,930 shares traded; average volume is just 18,737 shares.
The steady rise in Emmis’ shares comes as Dial Report owner TagStation LLC on April 24 announced a collaborative initiative with Ad-ID, which is used to identify advertising assets across all media platforms.
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