News

Research – Cumulus Media (CMLS) — Raising Price Target

Media and Marketing
0 min read

Friday, March 22, 2019

Cumulus Media (CMLS)

Raising our price target on a simple premise.

Cumulus Media, Inc., a radio broadcasting company, engages in the acquisition, operation, and development of commercial radio stations in mid-size radio markets in the United States. It owns and operates FM and AM radio station clusters that serve mid-sized markets. The company, through its investment in Cumulus Media Partners, LLC, also operates radio station clusters serving large-sized markets.


Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating. 

  • Q4 over delivers. The company over delivered on its Q4 despite the
    preannouncement for the quarter. Revenues and adjusted EBITDA were better than
    expected, at $309.2 million and $66.6 million, respectively, compared to our
    revenue and adjusted EBITDA estimates of $303.7 million and $57.4 million,
    respectively. The better than expected revenue grow was driven primarily on the
    strength of its digital business and a lift from political advertising. 
  • Q1 shows improvement. Management indicated that advertising pacings in Q1
    2019 is improving, better than its preliminary guidance in its preannounced
    fourth quarter. Rev
    … 





    Get full report on Channelchek desktop.

*Analyst
certification and important disclosures included in full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

Share

Inbox Intel from Channelchek.

Informed investors make more money. And it’s all about timing. Get it when it happens.

By clicking submit you are agreeing to the Terms of Use and Privacy Policy
© 2018-2024 Noble Financial Group, Inc. All Rights Reserved. Channelchek is provided at no cost to be used for information purposes only and not as investment advisement.