NASDAQ:CMLSCumulus Media Stock Price, Forecast & News

Cumulus Media's stock was trading at $6.85 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CMLS stock has decreased by 46.6% and is now trading at $3.66. View which stocks have been most impacted by Coronavirus.

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.

Cumulus Media is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Cumulus Media.

Cumulus Media Inc (NASDAQ:CMLS) issued its quarterly earnings data on Monday, May, 11th. The company reported ($0.36) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.05 by $0.41. The business earned $227.91 million during the quarter, compared to analyst estimates of $233 million. Cumulus Media had a return on equity of 14.70% and a net margin of 4.98%. View Cumulus Media's earnings history.

2 brokers have issued twelve-month target prices for Cumulus Media's shares. Their forecasts range from $4.00 to $10.00. On average, they anticipate Cumulus Media's share price to reach $7.00 in the next twelve months. This suggests a possible upside of 91.3% from the stock's current price. View analysts' price targets for Cumulus Media.

Media stories about CMLS stock have trended negative recently, InfoTrie reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Cumulus Media earned a news sentiment score of -2.3 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Cumulus Media.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Cumulus Media investors own include AbbVie (ABBV), Amplify Energy (AMPY), Amplify Energy (AMPY), Algonquin Power & Utilities (AQN), BCE (BCE), Franklin Resources (BEN), Bank of Nova Scotia (BNS), British American Tobacco (BTI), Carnival (CCL) and Canadian Imperial Bank of Commerce (CM).

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

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 $3.66.

Cumulus Media has a market capitalization of $65.29 million and generates $1.11 billion in revenue each year. The company earns $61.26 million in net income (profit) each year or $3.63 on an earnings per share basis. Cumulus Media employs 4,732 workers across the globe.

The official website for Cumulus Media is 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]