CMLS Stock Recent News
CMLS LATEST HEADLINES
Cumulus is priced for bankruptcy, but can comfortably service its debt and refinance. Cumulus could liquidate its assets at 35% discount to par and still distribute $9/share to shareholders. Cumulus holds extremely high value assets in Dallas-Fort Worth reasonably valued at $123 million - leading to liquidation distribution of $19/share to shareholders.
ATLANTA, April 12, 2023 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Thursday, April 27th at 8:30 AM ET to discuss its first quarter 2023 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET.
The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
Cumulus Media Inc. (NASDAQ:CMLS ) Q4 2022 Earnings Conference Call February 23, 2023 8:30 AM ET Company Participants Collin Jones - Executive Vice President of Strategy and Development Mary Berner - President and Chief Executive Officer Frank Lopez-Balboa - Chief Financial Officer Conference Call Participants Avi Steiner - JPMorgan Michael Kupinski - NOBLE Capital Markets James Goss - Barrington Research Daniel Day - B. Riley Securities Kevin Wivell - Octagon Credit Investors Operator Welcome to the Cumulus Media Quarterly Earnings Conference Call.
Cumulus (CMLS) delivered earnings and revenue surprises of 74.19% and 4.67%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
CMLS vs. NFLX: Which Stock Is the Better Value Option?
The P/B ratio helps to identify low-priced stocks that have high growth prospects. Cumulus Media (CMLS), Signet Jewelers (SIG), Phillips 66 (PSX), Tri Pointe Homes (TPH) and Sterling Infrastructure (STRL) are some such stocks.
Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. Signet (SIG), Sterling Infrastructure (STRL), Tri Pointe Homes (TPH) and Cumulus Media (CMLS) boast low P/CF ratios.
Cumulus (CMLS) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
We have screened bargain stocks CCU, EBR, CMLS, DNB and NOAH based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.