Central European Media Enterprises (CETV) Posts Quarterly Earnings Results, Misses Estimates By $0.19 EPS
Central European Media Enterprises (NASDAQ:CETV) announced its earnings results on Thursday. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.19), Yahoo Finance reports. The firm had revenue of $196.15 million during the quarter. Central European Media Enterprises had a net margin of 7.87% and a negative return on equity of 66.31%.
Central European Media Enterprises (NASDAQ:CETV) opened at $4.70 on Friday. Central European Media Enterprises has a 52 week low of $2.70 and a 52 week high of $5.20. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of -17.99. The firm has a market cap of $681.33, a price-to-earnings ratio of 94.00 and a beta of 0.97.
CETV has been the subject of several analyst reports. ValuEngine downgraded shares of Central European Media Enterprises from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. BidaskClub downgraded shares of Central European Media Enterprises from a “hold” rating to a “sell” rating in a research note on Friday, December 15th.
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Central European Media Enterprises Ltd. (CME Ltd.) is a media and entertainment company operating in Central and Eastern Europe. The Company’s assets are held through a series of Dutch and Curacao holding companies. The Company manages its business on a geographical basis, with six segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia.
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