Radio One (NASDAQ:UONE) Releases Quarterly Earnings Results

Key Points

• Radio One reported a quarterly earnings per share of $0.49 with revenues of $91.63 million.
• The company's net margin stands at -28.49% despite achieving a positive return on equity of 13.51%.
• As of Thursday, UONE stock has increased by 3.1%, reaching a trading price of $1.66.

Radio One (NASDAQ:UONE - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.49 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $91.63 million for the quarter. Radio One had a negative net margin of 38.19% and a positive return on equity of 13.04%.

Radio One Trading Up 1.5%

Shares of Radio One stock traded up $0.0250 during trading hours on Tuesday, reaching $1.6450. 11,636 shares of the company's stock were exchanged, compared to its average volume of 18,202. Radio One has a 52-week low of $1.23 and a 52-week high of $2.23. The company has a fifty day moving average of $1.66 and a 200-day moving average of $1.54. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 5.94. The firm has a market capitalization of $75.13 million, a price-to-earnings ratio of -0.48 and a beta of -0.09.

About Radio One

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.