Entercom Communications Corp. CFO Stephen Fisher Sells 10,000 Shares (ETM)
Entercom Communications Corp. (NYSE:ETM) CFO Stephen Fisher sold 10,000 shares of Entercom Communications Corp. stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $8.44, for a total transaction of $84,400.00. Following the sale, the chief financial officer now directly owns 473,861 shares of the company’s stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on ETM. Analysts at Zacks upgraded shares of Entercom Communications Corp. (NYSE:ETM) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a $8.70 price target on the stock.
Entercom Communications Corp. (NYSE:ETM) traded up 0.48% on Monday, hitting $8.46. 43,701 shares of the company’s stock traded hands. Entercom Communications Corp. has a 1-year low of $5.98 and a 1-year high of $11.00. The stock has a 50-day moving average of $8.9 and a 200-day moving average of $8.8. The company has a market cap of $316.3 million and a price-to-earnings ratio of 12.84.
Entercom Communications Corp. (NYSE:ETM) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.02. The company had revenue of $101.24 million for the quarter, compared to the consensus estimate of $104.52 million. During the same quarter last year, the company posted $0.24 earnings per share. Entercom Communications Corp.’s revenue was down 3.2% compared to the same quarter last year. Analysts expect that Entercom Communications Corp. will post $0.69 EPS for the current fiscal year.
Entercom Communications Corp. is a radio broadcasting companies in the United States. The Company’s operates with a nationwide portfolio of 23 markets: San Francisco, Boston, Seattle, Denver, Portland, Sacramento, Kansas City, Indianapolis, Milwaukee, Austin, Norfolk, Buffalo, New Orleans, Memphis, Providence, Greensboro, Greenville/Spartanburg, Rochester, Madison, Wichita, Wilkes-Barre/Scranton, Springfield (NYSE:ETM) and Gainesville/Ocala.
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