Boston Omaha (NYSE:BOC) Posts Earnings Results, Misses Estimates By $0.05 EPS

Boston Omaha (NYSE:BOC) posted its earnings results on Thursday. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.05), FiscalAI reports. Boston Omaha had a return on equity of 0.14% and a net margin of 0.68%.The company had revenue of $28.21 million for the quarter, compared to the consensus estimate of $28.85 million.

Boston Omaha Stock Performance

Boston Omaha stock traded down $0.70 during mid-day trading on Friday, hitting $11.62. 189,983 shares of the company’s stock traded hands, compared to its average volume of 152,610. Boston Omaha has a fifty-two week low of $11.30 and a fifty-two week high of $15.75. The stock has a market cap of $365.51 million, a price-to-earnings ratio of 388.13 and a beta of 1.00. The firm has a 50 day simple moving average of $13.26 and a two-hundred day simple moving average of $13.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.05 and a quick ratio of 2.05.

Institutional Investors Weigh In On Boston Omaha

Hedge funds and other institutional investors have recently modified their holdings of the company. State of Wyoming acquired a new stake in shares of Boston Omaha in the second quarter valued at approximately $50,000. Dynamic Technology Lab Private Ltd acquired a new position in Boston Omaha in the 1st quarter valued at $176,000. AQR Capital Management LLC lifted its position in shares of Boston Omaha by 6.3% during the 1st quarter. AQR Capital Management LLC now owns 13,849 shares of the company’s stock valued at $202,000 after acquiring an additional 815 shares during the period. Raymond James Financial Inc. grew its holdings in shares of Boston Omaha by 6.1% during the 2nd quarter. Raymond James Financial Inc. now owns 14,763 shares of the company’s stock worth $207,000 after purchasing an additional 843 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Boston Omaha by 598.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,964 shares of the company’s stock worth $196,000 after purchasing an additional 12,823 shares in the last quarter. Institutional investors and hedge funds own 60.36% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen downgraded Boston Omaha from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boston Omaha in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Boston Omaha presently has a consensus rating of “Hold” and an average target price of $25.00.

About Boston Omaha

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.