Prosiebensat.1 Media (OTCMKTS:PBSFY) Issues Earnings Results

Key Points

• Prosiebensat.1 Media reported earnings of $0.02 per share for the quarter, significantly missing analysts' estimates of $0.22 and also falling short of revenue expectations at $953.09 million.
• The company announced a dividend of $0.0072 per share, with a notably high dividend yield of 35.0%, despite a payout ratio of -50.00%.
• Analysts have varied ratings, with Barclays downgrading the stock from "strong-buy" to "hold," while DZ Bank upgraded it from "hold" to "strong-buy" recently.

Prosiebensat.1 Media (OTCMKTS:PBSFY - Get Free Report) posted its earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.20), Zacks reports. The company had revenue of $953.09 million during the quarter, compared to the consensus estimate of $996.46 million. Prosiebensat.1 Media had a negative net margin of 0.58% and a positive return on equity of 13.81%.

Prosiebensat.1 Media Stock Performance

Shares of OTCMKTS PBSFY remained flat at $2.04 during midday trading on Friday. Prosiebensat.1 Media has a 12-month low of $1.14 and a 12-month high of $2.08. The company's 50 day moving average is $1.98 and its 200 day moving average is $1.71. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.97 and a quick ratio of 0.92. The company has a market capitalization of $1.85 billion, a P/E ratio of -101.88 and a beta of 1.15.

Prosiebensat.1 Media Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were paid a dividend of $0.0072 per share. This represents a dividend yield of 35.0%. The ex-dividend date was Friday, May 30th. Prosiebensat.1 Media's payout ratio is currently -50.00%.

Analysts Set New Price Targets

PBSFY has been the topic of a number of recent research reports. Barclays cut Prosiebensat.1 Media from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. DZ Bank upgraded Prosiebensat.1 Media from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 12th.

Prosiebensat.1 Media Company Profile

ProSiebenSat.1 Media SE operates as a media company in Germany, Austria, Switzerland, the United States, and internationally. It operates through three segments: Entertainment, Dating & Video, and Commerce & Ventures. The Entertainment segment operates free TV stations and digital platforms, such as SAT.1, ProSieben, Kabel Eins, sixx, SAT.1 Gold, ProSieben MAXX, and Kabel Eins Doku, as well as PULS4, PULS24, ATV I, ATV II, and PLUS 8.

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