NASDAQ:CMLS - Cumulus Media Stock Price, Forecast & News

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

Cumulus Media Inc (NASDAQ:CMLS) announced its quarterly earnings data on Monday, November, 11th. The company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.45. The company earned $280.81 million during the quarter, compared to the consensus estimate of $270 million. Cumulus Media had a return on equity of 19.99% and a net margin of 9.09%. View Cumulus Media's Earnings History.

Cumulus Media is scheduled to release their next quarterly earnings announcement on Monday, March 16th 2020. View Earnings Estimates for Cumulus Media.

2 brokers have issued 1 year price objectives for Cumulus Media's shares. Their forecasts range from $19.00 to $26.00. On average, they expect Cumulus Media's stock price to reach $22.50 in the next twelve months. This suggests a possible upside of 56.0% from the stock's current price. View Analyst Price Targets for Cumulus Media.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cumulus Media in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cumulus Media.

News articles about CMLS stock have trended extremely negative recently, InfoTrie reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cumulus Media earned a daily sentiment score of -4.5 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Cumulus Media.

Cumulus Media saw a increase in short interest during the month of January. As of January 15th, there was short interest totalling 420,000 shares, an increase of 12.7% from the December 31st total of 372,600 shares. Based on an average daily trading volume, of 102,000 shares, the days-to-cover ratio is currently 4.1 days. Currently, 3.1% of the shares of the company are sold short. View Cumulus Media's Current Options Chain.

Some companies that are related to Cumulus Media include Corus Entertainment (CJREF), Entercom Communications (ETM), Akazoo (SONG), Townsquare Media (TSQ), Beasley Broadcast Group (BBGI), Urban One (UONE), iHeartMedia (IHRTQ), Urban One (UONEK), Emmis Communications (EMMS), Salem Media Group (SALM), MODERN MEDIA AC/SH SH (MMDM), Spanish Broadcasting System (SBSAA) and CUR Media (CURM).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cumulus Media investors own include Gilead Sciences (GILD), Huntington Bancshares (HBAN), Methanex (MEOH), PacWest Bancorp (PACW), People's United Financial (PBCT), Pattern Energy Group (PEGI), Walgreens Boots Alliance (WBA), AbbVie (ABBV), Algonquin Power & Utilities (AQN) and BCE (BCE).

Cumulus Media's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Zazove Associates LLC (4.26%) and Strs Ohio (0.23%). Company insiders that own Cumulus Media stock include Nimbus Atlas Llc and Sp Signal Manager, Llc. View Institutional Ownership Trends for Cumulus Media.

CMLS stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio and Zazove Associates LLC. Company insiders that have sold Cumulus Media company stock in the last year include Nimbus Atlas Llc and Sp Signal Manager, Llc. View Insider Buying and Selling for Cumulus Media.

Shares of CMLS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of CMLS stock can currently be purchased for approximately $14.42.

Cumulus Media has a market capitalization of $224.38 million and generates $1.14 billion in revenue each year. Cumulus Media employs 5,135 workers across the globe.View Additional Information About Cumulus Media.

The official website for Cumulus Media is http://www.cumulus.com/.

Cumulus Media's mailing address is 3280 PEACHTREE ROAD NW SUITE 2200, ATLANTA GA, 30305. The company can be reached via phone at 404-949-0700 or via email at [email protected]