Boston Omaha (NYSE:BOC) Releases Earnings Results, Misses Expectations By $0.06 EPS

Boston Omaha (NYSE:BOC - Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.06), Zacks reports. Boston Omaha had a negative net margin of 6.56% and a negative return on equity of 1.08%. The business had revenue of $25.55 million during the quarter, compared to the consensus estimate of $25.50 million.

Boston Omaha Trading Up 0.1 %

NYSE BOC traded up $0.01 during trading on Friday, hitting $13.80. The company had a trading volume of 172,380 shares, compared to its average volume of 199,570. The company's fifty day moving average is $15.57 and its 200-day moving average is $15.47. The company has a current ratio of 2.92, a quick ratio of 2.56 and a debt-to-equity ratio of 0.04. The company has a market cap of $432.63 million, a price-to-earnings ratio of -65.71 and a beta of 0.77. Boston Omaha has a one year low of $13.55 and a one year high of $21.58.

Analysts Set New Price Targets

Separately, TD Cowen decreased their target price on shares of Boston Omaha from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, April 2nd.

Boston Omaha Company Profile

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It is also involved in the surety insurance and related brokerage, broadband, and asset management businesses. The company was formerly known as REO Plus, Inc and changed its name to Boston Omaha Corporation in March 2015.