Entravision Communication Director Purchases $188,000 in Stock (EVC)
Entravision Communication (NYSE:EVC) Director Jules Buenabenta bought 40,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was purchased at an average cost of $4.70 per share, with a total value of $188,000.00. Following the completion of the purchase, the director now directly owns 90,000 shares of the company’s stock, valued at approximately $423,000. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Entravision Communication (NYSE:EVC) traded down 1.86% on Wednesday, hitting $4.23. 1,084,581 shares of the company’s stock traded hands. Entravision Communication has a 52-week low of $4.20 and a 52-week high of $7.36. The stock has a 50-day moving average of $5.7 and a 200-day moving average of $5.8. The company has a market cap of $377.9 million and a P/E ratio of 2.75.
Entravision Communication (NYSE:EVC) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.11 by $0.01. The company had revenue of $61.90 million for the quarter, compared to the consensus estimate of $64.81 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Entravision Communication will post $0.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, September 11th.
Entravision Communications Corporation (NYSE:EVC) is a diversified Spanish-language media company utilizing a combination of television and radio operations to reach Hispanic consumers across the United States, as well as the border markets of Mexico.
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