Cumulus Media - CMLS Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cumulus Media in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CMLS shares.
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2 equities research analysts have issued twelve-month target prices for Cumulus Media's shares. Their CMLS share price forecasts range from $14.00 to $25.00. On average, they predict the company's share price to reach $19.67 in the next year. This suggests a possible upside of 193.5% from the stock's current price.
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Cumulus Media's stock was trading at $6.21 at the beginning of the year. Since then, CMLS shares have increased by 7.9% and is now trading at $6.70.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our CMLS earnings forecast.

Cumulus Media Inc. (NASDAQ:CMLS) announced its quarterly earnings data on Wednesday, November, 3rd. The company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $1.19. The firm earned $237.72 million during the quarter, compared to analysts' expectations of $233.50 million. Cumulus Media had a net margin of 3.55% and a trailing twelve-month return on equity of 5.05%. During the same period last year, the business posted ($0.78) EPS.

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.

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).

Cumulus Media trades on the NASDAQ under the ticker symbol "CMLS."

Cumulus Media's stock is owned by many different institutional and retail investors. Top institutional investors include Beach Point Capital Management LP (3.20%) and Strs Ohio (0.30%). Insiders that own company stock include Brigade Capital Management, Lp, David Edward Milner and Richard Denning.
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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.
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One share of CMLS stock can currently be purchased for approximately $6.70.

Cumulus Media (NASDAQ:CMLS) has a market capitalization of $124.75 million and generates $916.47 million in revenue each year. The company earns $17.28 million in net income (profit) each year or $1.67 on an earnings per share basis.

The company employs 3,488 workers across the globe.

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.