Entercom Communications Corporation (ETM) to Release Quarterly Earnings on Thursday
Entercom Communications Corporation (NYSE:ETM) will announce its earnings results before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.22 per share for the quarter.
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, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.07. The company had revenue of $125.00 million during the quarter, compared to analyst estimates of $121.42 million. Entercom Communications Corporation had a net margin of 4.27% and a return on equity of 8.50%. Entercom Communications Corporation’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 earnings per share. On average, analysts expect Entercom Communications Corporation to post $0.91 EPS for the current fiscal year and $1.08 EPS for the next fiscal year.
Entercom Communications Corporation (ETM) opened at 11.20 on Thursday. The stock has a market cap of $456.50 million, a price-to-earnings ratio of 25.11 and a beta of 1.13. The firm’s 50-day moving average is $11.30 and its 200 day moving average is $10.75. Entercom Communications Corporation has a 52 week low of $9.45 and a 52 week high of $16.55.
Several research firms have commented on ETM. BidaskClub upgraded Entercom Communications Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Noble Financial restated a “buy” rating on shares of Entercom Communications Corporation in a report on Monday, July 31st.
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Entercom Communications Corporation Company Profile
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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