NASDAQ:CMLS

Cumulus Media - CMLS Stock Forecast, Price & News

$7.03

-0.23 (-3.17%)

(As of 09/29/2022 04:13 PM ET)

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Today's Range: $6.74
▼
$7.09
50-Day Range: $7.26
▼
$10.16
52-Week Range: $6.46
▼
$15.67

Volume: 120,255 shs
Average Volume: 143,479 shs
Market Capitalization: $133.72 million

P/E Ratio: 2.77
Dividend Yield: N/A
Price Target: $21.50

Cumulus Media MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 207.1% Upside
$21.50 Price Target
Short Interest: Healthy
2.61% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.74
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -7.27%
From $1.65 to $1.53 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.84 out of 5 stars

Consumer Discretionary Sector

42nd out of 279 stocks

Radio Broadcasting Stations Industry

1st out of 8 stocks

3.5

Analyst's Opinion

Consensus Rating
Cumulus Media has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.50, Cumulus Media has a forecasted upside of 207.1% from its current price of $7.00.
Amount of Analyst Coverage
Cumulus Media has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.61% of the float of Cumulus Media has been sold short.
Short Interest Ratio / Days to Cover
Cumulus Media has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Cumulus Media has recently decreased by 0.81%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Cumulus Media does not currently pay a dividend.
Dividend Growth
Cumulus Media does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CMLS.

3.2

News and Social Media Coverage

News Sentiment
Cumulus Media has a news sentiment score of 1.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Cumulus Media this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 1 people have added Cumulus Media to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cumulus Media insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.20% of the stock of Cumulus Media is held by insiders.
Percentage Held by Institutions
72.11% of the stock of Cumulus Media is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Cumulus Media are expected to decrease by -7.27% in the coming year, from $1.65 to $1.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cumulus Media is 2.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.68.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cumulus Media is 2.76, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 9.01.
Price to Earnings Growth Ratio
Cumulus Media has a PEG Ratio of 0.30. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Cumulus Media has a P/B Ratio of 0.34. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Cumulus Media (NASDAQ:CMLS) Stock

Cumulus Media Inc., an audio-first media company, owns and operates radio stations in the United States. It owns and operates 406 stations in 86 markets, as well as approximately 9,500 affiliated stations through Westwood One. The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, the AP, the Academy of Country Music Awards, and other partners. It also provides digital marketing services, such as email marketing, geo-targeted display and video solutions, website and microsite building, hosting, social media management, reputation management, and search engine marketing and optimization. The company serves advertisers through broadcast and on-demand digital, mobile, social, and voice-activated platforms. Cumulus Media Inc. was incorporated in 2002 and is based in Atlanta, Georgia.

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CMLS Stock News Headlines

September 29, 2022 | finance.yahoo.com

Cumulus Media Introduces Hello Ross Podcast

September 28, 2022 | finance.yahoo.com

Cumulus Media Welcomes Afford Anything Podcast to the Cumulus Podcast Network

September 23, 2022 | finance.yahoo.com

Cumulus Media and YAP Media Form Partnership for Podcasts

September 21, 2022 | americanbankingnews.com

Q2 2024 EPS Estimates for Cumulus Media Inc. Boosted by Analyst (NASDAQ:CMLS)

September 15, 2022 | finance.yahoo.com

Cumulus Media Inc. (NASDAQ:CMLS) is largely controlled by institutional shareholders who own 73% of the company

September 12, 2022 | nasdaq.com

With 73% institutional ownership, Cumulus Media Inc. (NASDAQ:CMLS) is a favorite amongst the big guns

September 7, 2022 | finance.yahoo.com

Cumulus Media’s Westwood One Launches Its 36th Consecutive Season as the Exclusive Primetime Network Radio Partner of the NFL

September 6, 2022 | finance.yahoo.com

New Study Underscores Local Radio’s Impact for Political Candidates

September 6, 2022 | finance.yahoo.com

Cumulus Media and TuneIn Expand Content Partnership Agreement

August 29, 2022 | finance.yahoo.com

Cumulus Media Creates Music Partnerships Division

August 26, 2022 | finance.yahoo.com

Why Cumulus Media Inc. (NASDAQ:CMLS) Could Be Worth Watching

August 5, 2022 | finance.yahoo.com

Cumulus Media (NASDAQ:CMLS) investors are sitting on a loss of 39% if they invested three years ago

August 3, 2022 | finance.yahoo.com

Cumulus Media Reports Operating Results for the Second Quarter 2022

August 3, 2022 | finance.yahoo.com

Cumulus Media (CMLS) Q2 Earnings Miss Estimates

August 1, 2022 | finance.yahoo.com

Cumulus Media Pioneers Data-Driven Targeting Via Swoop for Broadcast Radio Pharmaceutical Brand Campaigns

July 28, 2022 | finance.yahoo.com

IHeartMedia (IHRT) Earnings Expected to Grow: Should You Buy?

July 27, 2022 | finance.yahoo.com

Cumulus Media (CMLS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

July 14, 2022 | finance.yahoo.com

Cumulus Media Announces Conference Call to Discuss Second Quarter 2022 Operating Results

July 6, 2022 | seekingalpha.com

Cumulus Media: A Strong Buy At Current Prices

July 6, 2022 | finance.yahoo.com

Cumulus Media Debuts Talk Ville, A “Smallville” Television Show Re-Watch Podcast With Series Stars Tom Welling and Michael Rosenbaum

June 14, 2022 | finance.yahoo.com

4 Stocks With Solid Net Profit Margin to Enhance Your Returns

June 9, 2022 | finance.yahoo.com

Cumulus Media Announces Final Results of Tender Offer

June 8, 2022 | finance.yahoo.com

Cumulus Media Names Lisa Waks Senior Vice President, Digital Partnerships and Business Development

June 8, 2022 | finance.yahoo.com

Cumulus Media Announces Extension of Existing ABL Credit Facility

June 6, 2022 | finance.yahoo.com

Cumulus Media Announces Preliminary Results of Tender Offer

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CMLS Company Calendar

Last Earnings: 8/03/2022
Today: 9/29/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Radio broadcasting stations
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NASDAQ:CMLS
CUSIP: N/A
CIK: 1058623
Web: www.cumulus.com
Phone: (404) 949-0700
Fax: 404-949-0740
Employees: 3,488
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $21.50
High Stock Price Forecast: $26.00
Low Stock Price Forecast: $17.00
Forecasted Upside/Downside: +205.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.54
Trailing P/E Ratio: 2.77
Forward P/E Ratio: 4.26
P/E Growth: 0.3
Net Income: $17.28 million
Net Margins: 5.51%
Pretax Margin: 6.58%
Return on Equity: 5.53%
Return on Assets: 1.34%

Debt

Debt-to-Equity Ratio: 2.36
Current Ratio: 2.56
Quick Ratio: 2.56

Sales & Book Value

Annual Sales: $916.47 million
Price / Sales: 0.15
Cash Flow: $2.04 per share
Price / Cash Flow: 3.44
Book Value: $20.44 per share
Price / Book: 0.34

Miscellaneous

Outstanding Shares: 19,022,000
Free Float: 18,413,000
Market Cap: $133.72 million
Optionable: Not Optionable
Beta: 1.44

Key Executives

Ms. Mary G. Berner (Age 63)
Pres, CEO & Director
Comp: $4.61M

Mr. Francisco J. Lopez-Balboa (Age 61)
Exec. VP, CFO & Treasurer
Comp: $2.54M

Mr. Richard S. Denning (Age 55)
Exec. VP, Sec. & Gen. Counsel
Comp: $1.24M

Mr. Dave Milner (Age 53)
Pres of Operations

Mr. Robert J Walker (Age 61)
Pres of Operations

Ms. Sallie Kimbrough
Principal Accounting Officer, VP of Fin. & Corp. Controller

Mr. Conrad Trautmann
Chief Technology Officer

Mr. Collin Jones (Age 35)
Sr. VP of Corp. Devel. & Strategy

Ms. Christina P. Albee
Chief Marketing Officer

Mr. Paul O'Malley
Sr. VP of Strategic Partnerships Westwoodone

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CMLS Stock - Frequently Asked Questions

Should I buy or sell Cumulus Media stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cumulus Media in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CMLS shares.
View CMLS analyst ratings or view top-rated stocks.
What is Cumulus Media's stock price forecast for 2022?: 1 Wall Street analysts have issued 12-month price objectives for Cumulus Media's stock. Their CMLS share price forecasts range from $17.00 to $26.00. On average, they predict the company's stock price to reach $21.50 in the next twelve months. This suggests a possible upside of 205.8% from the stock's current price.
View analysts price targets for CMLS or view top-rated stocks among Wall Street analysts.
How have CMLS shares performed in 2022?: Cumulus Media's stock was trading at $11.25 at the beginning of the year. Since then, CMLS shares have decreased by 37.5% and is now trading at $7.03.
View the best growth stocks for 2022 here.
When is Cumulus Media's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CMLS earnings forecast.
How were Cumulus Media's earnings last quarter?: Cumulus Media Inc. (NASDAQ:CMLS) posted its quarterly earnings results on Wednesday, August, 3rd. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.17. The business earned $236.74 million during the quarter, compared to analyst estimates of $235.80 million. Cumulus Media had a net margin of 5.51% and a trailing twelve-month return on equity of 5.53%.
What is Mary G. Berner's approval rating as Cumulus Media's CEO?: 225 employees have rated Cumulus Media Chief Executive Officer Mary G. Berner on Glassdoor.com. Mary G. Berner has an approval rating of 65% among the company's employees. 50.0% of employees surveyed would recommend working at Cumulus Media to a friend.

What other stocks do shareholders of Cumulus Media own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Cumulus Media investors own include Main Street Capital (MAIN), Southern (SO), Simon Property Group (SPG), Toronto-Dominion Bank (TD), Teekay LNG Partners (TGP), AbbVie (ABBV), Alliance Data Systems (ADS), Algonquin Power & Utilities (AQN), BCE (BCE) and Franklin Resources (BEN).
What is Cumulus Media's stock symbol?: Cumulus Media trades on the NASDAQ under the ticker symbol "CMLS."
How do I buy shares of Cumulus Media?: Shares of CMLS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Cumulus Media's stock price today?: One share of CMLS stock can currently be purchased for approximately $7.03.
How much money does Cumulus Media make?: Cumulus Media (NASDAQ:CMLS) has a market capitalization of $133.72 million and generates $916.47 million in revenue each year. The company earns $17.28 million in net income (profit) each year or $2.54 on an earnings per share basis.
How many employees does Cumulus Media have?: The company employs 3,488 workers across the globe.
How can I contact Cumulus Media?: Cumulus Media's mailing address is 3280 PEACHTREE ROAD NW SUITE 2200, ATLANTA GA, 30305. The official website for the company is www.cumulus.com. The company can be reached via phone at (404) 949-0700, via email at ir@cumulus.com, or via fax at 404-949-0740.

This page (NASDAQ:CMLS) was last updated on 9/29/2022 by MarketBeat.com Staff

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Cumulus Media - CMLS Stock Forecast, Price & News

Cumulus Media MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month