Entravision Communications Corporation (EVC) Scheduled to Post Earnings on Wednesday
Entravision Communications Corporation (NYSE:EVC) is set to post its quarterly earnings results after the market closes on Wednesday, November 1st. Analysts expect Entravision Communications Corporation to post earnings of $2.93 per share for the quarter.
Entravision Communications Corporation (NYSE:EVC) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). The firm had revenue of $70.51 million for the quarter, compared to analysts’ expectations of $67.59 million. Entravision Communications Corporation had a net margin of 7.03% and a return on equity of 10.05%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS. On average, analysts expect Entravision Communications Corporation to post $0.09 EPS for the current fiscal year and $0.21 EPS for the next fiscal year.
Shares of Entravision Communications Corporation (NYSE EVC) opened at 5.30 on Wednesday. Entravision Communications Corporation has a 52-week low of $4.90 and a 52-week high of $7.15. The stock’s 50 day moving average is $5.57 and its 200 day moving average is $5.96. The stock has a market cap of $479.22 million, a price-to-earnings ratio of 26.50 and a beta of 1.52.
Entravision Communications Corporation announced that its Board of Directors has initiated a share buyback program on Wednesday, August 2nd that permits the company to buyback $15.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 14th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, September 13th. This represents a $0.20 dividend on an annualized basis and a yield of 3.77%. This is a positive change from Entravision Communications Corporation’s previous quarterly dividend of $0.03. Entravision Communications Corporation’s dividend payout ratio (DPR) is 95.24%.
In other Entravision Communications Corporation news, CFO Christopher T. Young sold 14,616 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $5.55, for a total transaction of $81,118.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CRO Mario M. Carrera sold 70,702 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $5.63, for a total transaction of $398,052.26. The disclosure for this sale can be found here. 20.72% of the stock is currently owned by company insiders.
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EVC has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Entravision Communications Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub lowered shares of Entravision Communications Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. ValuEngine upgraded shares of Entravision Communications Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Noble Financial restated a “buy” rating on shares of Entravision Communications Corporation in a research report on Thursday, August 3rd. Finally, Macquarie restated a “hold” rating and set a $7.00 target price on shares of Entravision Communications Corporation in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $7.00.
Entravision Communications Corporation Company Profile
Entravision Communications Corporation is a media company. The Company reaches and engages Hispanics in the United States and certain border markets of Mexico across media channels and advertising platforms. The Company operates through three segments: television broadcasting, radio broadcasting and digital media.
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