Noble Financial Remains a Buy on Beasley Broadcast Group (BBGI)

In a report released today, Michael Kupinski from Noble Financial maintained a Buy rating on Beasley Broadcast Group (BBGIResearch Report), with a price target of $3.00. The company’s shares closed yesterday at $1.04.

According to TipRanks, Kupinski is a 4-star analyst with an average return of 6.1% and a 42.62% success rate. Kupinski covers the Services sector, focusing on stocks such as Entravision, Salem Communications, and Beasley Broadcast Group.

Currently, the analyst consensus on Beasley Broadcast Group is a Moderate Buy with an average price target of $3.00.

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Based on Beasley Broadcast Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $63.82 million and a net profit of $498.07 thousand. In comparison, last year the company earned a revenue of $62.9 million and had a GAAP net loss of $1.62 million

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Beasley Broadcast Group, Inc. engages in the operation of radio stations. It owns and operates radio stations in the following markets: Atlanta, Augusta, Boston, Charlotte, Detroit, Fayetteville, Fort Myers-Naples, Greenville-New Bern-Jacksonville, Las Vegas, Philadelphia, Tampa-Saint Petersburg, West Palm Beach-Boca Raton and Wilmington. The company was founded by George G. Beasley in 1961 and is headquartered in Naples, FL.

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