Boston Omaha (NYSE:BOC) Posts Earnings Results, Misses Expectations By $0.06 EPS

Boston Omaha (NYSE:BOC) posted its quarterly earnings results on Friday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06), Zacks reports. The company had revenue of $25.55 million during the quarter, compared to analysts’ expectations of $25.50 million. Boston Omaha had a negative net margin of 6.56% and a negative return on equity of 1.08%.

Boston Omaha Stock Performance

Shares of BOC traded up $0.01 during mid-day trading on Friday, hitting $13.80. 172,380 shares of the company’s stock were exchanged, compared to its average volume of 199,570. The company has a current ratio of 2.92, a quick ratio of 2.56 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $432.63 million, a P/E ratio of -65.71 and a beta of 0.77. Boston Omaha has a fifty-two week low of $13.55 and a fifty-two week high of $21.58. The business’s 50 day moving average is $15.57 and its two-hundred day moving average is $15.46.

Analyst Upgrades and Downgrades

Separately, TD Cowen decreased their price target on Boston Omaha from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, April 2nd.

Boston Omaha Company Profile

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It is also involved in the surety insurance and related brokerage, broadband, and asset management businesses. The company was formerly known as REO Plus, Inc and changed its name to Boston Omaha Corporation in March 2015.