With Another Stock Dip, Beasley Cements Q1 Release Date

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The company’s stock price is one-third of what is was worth in June 2018. Could that point to a write-down of its low share price in its first quarter 2019 results? We now know when we’ll find out how Beasley Media Group will manage its slumping stock.


The company that is still known on Wall Street as Beasley Broadcast Group will report its 2019 Q1 financial results before the financial markets open on Monday, April 29. Beasley CEO Caroline Beasley and CFO Marie Tedesco will then host a conference call for financial analysts at 11am Eastern to review the results.

As has been seen in prior quarterly earnings calls, neither Ms. Beasley nor Tedesco will be taking live questions from analysts during the call. Rather, analysts, institutional investors and debt holders are asked to e-mail their queries to [email protected] at any time until 10am Eastern on April 29.

“Management will answer as many questions as possible during the conference call and webcast (provided the questions are not addressed in their prepared remarks),” the company says.

One question could focus on Beasley’s greatly depressed stock price, well under the $6 target price set by a consensus of analysts. As of 3:35pm Eastern on April 22, BBGI was off 1.54% from Friday’s close, at $3.84.

This comes after a climb to $4.06 on April 17 after dipping to $3.70 just one day later — the lowest price for Beasley stock so far this year and only the second-lowest closing price seen in three years for the company.

Beasley shares cratered in July 2018 after the Bordes family — the former owners of Greater Media — agreed to sell 3,126,147 shares of their Class A common stock at $7.50 per share. That price was far lower than where Beasley shares sat on Friday, July 20. But by Aug. 3, 2018, it was roughly $1 a share higher than where BBGI then traded.

Beasley attempted to “tag on” to the Bordes family share sale. This move was quickly aborted by the company;  it was Beasley’s option based on whether or not enough demand existed for their offering, a company spokesperson said at the time. 

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