Wall Street analysts expect that Entercom Communications Corporation (NYSE:ETM) will announce sales of $121.31 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Entercom Communications Corporation’s earnings. The lowest sales estimate is $120.90 million and the highest is $121.72 million. Entercom Communications Corporation reported sales of $120.46 million during the same quarter last year, which indicates a positive year over year growth rate of 0.7%. The company is expected to announce its next earnings report on Monday, November 6th.

According to Zacks, analysts expect that Entercom Communications Corporation will report full year sales of $121.31 million for the current financial year, with estimates ranging from $467.30 million to $470.96 million. For the next financial year, analysts expect that the business will post sales of $476.08 million per share, with estimates ranging from $469.60 million to $482.56 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Entercom Communications Corporation.

Entercom Communications Corporation (NYSE:ETM) last announced its earnings results on Friday, July 28th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.07. Entercom Communications Corporation had a return on equity of 8.50% and a net margin of 4.27%. The company had revenue of $125 million for the quarter, compared to the consensus estimate of $121.42 million. During the same period last year, the business posted $0.26 EPS. The company’s revenue was up 2.8% on a year-over-year basis.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Entercom Communications Corporation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 3rd. Noble Financial reissued a “buy” rating on shares of Entercom Communications Corporation in a research report on Monday, July 31st. BidaskClub raised shares of Entercom Communications Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. ValuEngine cut shares of Entercom Communications Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet cut shares of Entercom Communications Corporation from a “b” rating to a “c” rating in a research report on Monday, May 8th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Entercom Communications Corporation has an average rating of “Hold” and an average target price of $18.00.

In other news, Chairman Joseph M. Field bought 4,793 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were bought at an average cost of $9.95 per share, with a total value of $47,690.35. Following the acquisition, the chairman now owns 1,006,844 shares in the company, valued at $10,018,097.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired a total of 8,021 shares of company stock worth $79,809 over the last three months. Insiders own 32.57% of the company’s stock.

Large investors have recently modified their holdings of the stock. Northern Trust Corp boosted its stake in shares of Entercom Communications Corporation by 35.5% in the second quarter. Northern Trust Corp now owns 1,465,228 shares of the company’s stock worth $15,165,000 after buying an additional 383,788 shares during the last quarter. Weber Alan W purchased a new stake in shares of Entercom Communications Corporation during the second quarter worth about $3,337,000. K2 Principal Fund L.P. boosted its stake in shares of Entercom Communications Corporation by 750.4% in the second quarter. K2 Principal Fund L.P. now owns 337,510 shares of the company’s stock worth $3,493,000 after buying an additional 297,822 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Entercom Communications Corporation by 7.0% in the second quarter. JPMorgan Chase & Co. now owns 4,399,135 shares of the company’s stock worth $45,531,000 after buying an additional 287,581 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Entercom Communications Corporation by 31,901.0% in the first quarter. Bank of Montreal Can now owns 245,768 shares of the company’s stock worth $3,515,000 after buying an additional 245,000 shares during the last quarter. 49.50% of the stock is currently owned by institutional investors.

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Shares of Entercom Communications Corporation (NYSE:ETM) traded up 1.97% on Friday, hitting $10.35. The company’s stock had a trading volume of 213,468 shares. Entercom Communications Corporation has a 1-year low of $9.45 and a 1-year high of $16.55. The firm has a market cap of $421.86 million, a PE ratio of 23.21 and a beta of 1.17. The company has a 50 day moving average of $9.89 and a 200 day moving average of $11.83.

The firm also recently declared a dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 15th were given a dividend of $0.275 per share. The ex-dividend date was Friday, August 11th. Entercom Communications Corporation’s dividend payout ratio (DPR) is presently 66.67%.

About Entercom Communications Corporation

Entercom Communications Corp. is a radio broadcasting company. The Company sells advertising time to local, regional and national advertisers and national network advertisers, purchasing spot commercials in varying lengths. It focuses on station-related digital platforms, which allow for audience interaction and participation, and integrated local digital marketing solutions and station events.

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