Boston Omaha (NYSE:BOC) Releases Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Boston Omaha (NYSE:BOC) posted its earnings results on Monday. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.12), FiscalAI reports. The firm had revenue of $29.71 million for the quarter, compared to analysts’ expectations of $29.00 million. Boston Omaha had a negative return on equity of 0.04% and a negative net margin of 0.21%.

Boston Omaha Stock Up 1.4%

Shares of NYSE BOC opened at $11.94 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.07 and a current ratio of 2.07. Boston Omaha has a 12 month low of $11.30 and a 12 month high of $15.75. The firm has a fifty day simple moving average of $12.33 and a two-hundred day simple moving average of $12.74.

Institutional Investors Weigh In On Boston Omaha

A number of large investors have recently modified their holdings of the stock. Nitor Capital Management LLC bought a new position in Boston Omaha in the fourth quarter worth about $4,581,000. First Manhattan CO. LLC. bought a new stake in Boston Omaha during the 4th quarter valued at approximately $4,131,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Boston Omaha during the 2nd quarter worth approximately $2,214,000. Jane Street Group LLC grew its holdings in shares of Boston Omaha by 104.7% during the 1st quarter. Jane Street Group LLC now owns 87,917 shares of the company’s stock worth $1,282,000 after acquiring an additional 44,968 shares during the period. Finally, Two Sigma Investments LP raised its position in shares of Boston Omaha by 82.8% in the 3rd quarter. Two Sigma Investments LP now owns 96,225 shares of the company’s stock worth $1,259,000 after acquiring an additional 43,588 shares in the last quarter. Institutional investors own 60.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Boston Omaha in a research report on Friday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.00.

About Boston Omaha

Boston Omaha Corporation is a publicly traded holding company headquartered in Omaha, Nebraska. Since its founding in 2015, the company has focused on acquiring and operating growth-oriented businesses in industries with attractive demand characteristics. Boston Omaha’s diversified platform includes middle-mile fiber networks, greenhouse agriculture operations and automotive finance services.

In its telecommunications segment, Boston Omaha develops and operates fiber-based, middle-mile networks that connect carriers, internet service providers and enterprise customers.