Entercom Communications (ETM) Scheduled to Post Earnings on Tuesday

Entercom Communications (NYSE:ETM) is scheduled to release its earnings data before the market opens on Tuesday, February 20th. Analysts expect Entercom Communications to post earnings of $0.32 per share for the quarter.

Entercom Communications (NYSE ETM) opened at $9.80 on Tuesday. The firm has a market capitalization of $1,390.00, a PE ratio of 39.20, a price-to-earnings-growth ratio of 4.45 and a beta of 0.99. Entercom Communications has a 52 week low of $9.40 and a 52 week high of $16.30. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.21 and a current ratio of 2.21.

Entercom Communications declared that its board has authorized a share buyback plan on Thursday, November 2nd that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 22.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

In other Entercom Communications news, Chairman Joseph M. Field purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was purchased at an average price of $11.79 per share, for a total transaction of $589,500.00. Following the purchase, the chairman now directly owns 3,762,621 shares in the company, valued at $44,361,301.59. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David J. Field purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average price of $11.60 per share, with a total value of $290,000.00. Following the purchase, the insider now owns 1,823,072 shares in the company, valued at $21,147,635.20. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 423,444 shares of company stock valued at $4,978,398. 32.57% of the stock is owned by company insiders.

A number of research firms have weighed in on ETM. Zacks Investment Research upgraded Entercom Communications from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Monday, January 29th. ValuEngine lowered Entercom Communications from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Noble Financial reiterated a “buy” rating on shares of Entercom Communications in a research note on Monday, November 27th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Entercom Communications currently has an average rating of “Buy” and an average price target of $12.00.

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Entercom Communications 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.

Earnings History for Entercom Communications (NYSE:ETM)

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