Boston Omaha (NYSE:BOC) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Boston Omaha (NYSE:BOC) issued its quarterly earnings data on Friday. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01, FiscalAI reports. The firm had revenue of $22.18 million during the quarter, compared to analysts’ expectations of $30.00 million. Boston Omaha had a negative net margin of 12.12% and a negative return on equity of 2.49%.

Boston Omaha Stock Performance

Shares of NYSE:BOC traded up $0.01 during trading on Friday, reaching $13.72. The stock had a trading volume of 69,742 shares, compared to its average volume of 157,744. Boston Omaha has a 52 week low of $10.52 and a 52 week high of $15.22. The firm has a market capitalization of $413.29 million, a price-to-earnings ratio of -32.66 and a beta of 0.77. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $13.24 and a two-hundred day simple moving average of $13.05.

Wall Street Analyst Weigh In

BOC has been the topic of several recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Boston Omaha in a report on Tuesday. Wall Street Zen upgraded Boston Omaha from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Boston Omaha Company Profile

Boston Omaha Corporation is a diversified holding company whose businesses operate in outdoor advertising, broadband services, insurance and asset management, and real estate. The company acquires and develops businesses with a long-term investment approach. Its subsidiaries include Link Media Outdoor, which owns and operates billboard displays, and Boston Omaha Broadband, which provides internet services in select markets. Through its insurance-related businesses, including General Indemnity Group, the company participates in insurance underwriting and related services.