Entercom Communications Corporation (NYSE:ETM) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 16,799,350 shares, a growth of 55.0% from the October 13th total of 10,838,352 shares. Currently, 82.9% of the shares of the company are short sold. Based on an average daily volume of 1,777,049 shares, the days-to-cover ratio is presently 9.5 days.

Several equities research analysts have commented on ETM shares. Noble Financial restated a “buy” rating on shares of Entercom Communications Corporation in a research note on Monday, July 31st. BidaskClub upgraded shares of Entercom Communications Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th.

Entercom Communications Corporation (NYSE ETM) opened at $10.45 on Tuesday. Entercom Communications Corporation has a 12 month low of $9.45 and a 12 month high of $16.55. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.23. The company has a market cap of $435.80, a P/E ratio of 13.21, a P/E/G ratio of 11.63 and a beta of 1.09.

Entercom Communications Corporation (NYSE:ETM) last issued its earnings results on Thursday, November 2nd. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. The firm had revenue of $122.30 million during the quarter, compared to analysts’ expectations of $120.76 million. Entercom Communications Corporation had a net margin of 2.69% and a return on equity of 8.67%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. research analysts expect that Entercom Communications Corporation will post 0.46 EPS for the current fiscal year.

Entercom Communications Corporation declared that its board has approved a share repurchase program on Thursday, November 2nd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 22.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 28th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Monday, November 27th. Entercom Communications Corporation’s payout ratio is 115.38%.

A number of institutional investors have recently bought and sold shares of ETM. Tower Research Capital LLC TRC acquired a new position in Entercom Communications Corporation in the 2nd quarter worth approximately $122,000. Aperio Group LLC purchased a new stake in Entercom Communications Corporation in the 2nd quarter worth approximately $134,000. Good Life Advisors LLC lifted its position in Entercom Communications Corporation by 6.3% in the 2nd quarter. Good Life Advisors LLC now owns 14,290 shares of the company’s stock worth $140,000 after buying an additional 842 shares in the last quarter. Virtu KCG Holdings LLC purchased a new stake in Entercom Communications Corporation in the 2nd quarter worth approximately $159,000. Finally, Zacks Investment Management purchased a new stake in Entercom Communications Corporation in the 2nd quarter worth approximately $186,000. 57.81% of the stock is owned by hedge funds and other institutional investors.

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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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