Entercom Communications Corp. CFO Stephen Fisher Unloads 10,000 Shares (ETM)
Entercom Communications Corp. (NYSE:ETM) CFO Stephen Fisher sold 10,000 shares of Entercom Communications Corp. stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $9.08, for a total value of $90,800.00. Following the transaction, the chief financial officer now directly owns 463,861 shares in the company, valued at approximately $4,211,858. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
ETM has been the subject of a number of recent research reports. 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 down 2.10% during mid-day trading on Wednesday, hitting $8.86. The stock had a trading volume of 35,419 shares. Entercom Communications Corp. has a 52 week low of $5.98 and a 52 week high of $11.00. The stock’s 50-day moving average is $8.72 and its 200-day moving average is $8.88. The company has a market cap of $331.2 million and a P/E ratio of 13.80.
Entercom Communications Corp. (NYSE:ETM) last released its earnings data on Monday, August 5th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ 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 in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. 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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