Boston Omaha (NYSE:BOC) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Boston Omaha (NYSE:BOC) issued its quarterly earnings data on Tuesday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04), Zacks reports. The business had revenue of $27.70 million for the quarter, compared to analyst estimates of $27.20 million. Boston Omaha had a negative return on equity of 1.74% and a negative net margin of 9.73%.

Boston Omaha Stock Performance

NYSE:BOC traded down $0.33 during midday trading on Thursday, reaching $14.73. The stock had a trading volume of 35,260 shares, compared to its average volume of 156,752. The stock has a market cap of $463.41 million, a P/E ratio of -45.60 and a beta of 0.80. The firm has a fifty day simple moving average of $14.86 and a two-hundred day simple moving average of $14.31. Boston Omaha has a 12-month low of $12.41 and a 12-month high of $16.99. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.06.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BOC shares. TD Cowen decreased their target price on Boston Omaha from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Wells Fargo & Company restated an “equal weight” rating and issued a $15.00 price objective (down previously from $17.00) on shares of Boston Omaha in a report on Thursday, September 19th.

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.