Entravision Communications Corp. (EVC) Rating Increased to Hold at Zacks Investment Research
Entravision Communications Corp. (NYSE:EVC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Entravision is a diversified media company utilizing a combination of television, radio, outdoor and publishing operations to reach Hispanic consumers in the United States. The company is the largest Univision-affiliated television group in the United States. It owns Univision-affiliated stations in 17 of the top 50 Hispanic markets in the United States. Also, the company operates the largest centrally programmed Spanish-language radio network. The company produces seven formats to appeal to the diverse musical tastes of the listeners. “
Shares of Entravision Communications Corp. (NYSE:EVC) traded up 0.40% during trading on Tuesday, hitting $7.60. The stock had a trading volume of 71,394 shares. Entravision Communications Corp. has a 1-year low of $5.94 and a 1-year high of $9.55. The firm’s 50 day moving average is $7.52 and its 200 day moving average is $7.31. The company has a market cap of $680.48 million, a PE ratio of 30.40 and a beta of 2.27.
Entravision Communications Corp. (NYSE:EVC) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Entravision Communications Corp. had a return on equity of 13.82% and a net margin of 8.96%. The business had revenue of $64.82 million for the quarter, compared to the consensus estimate of $63.38 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. Entravision Communications Corp.’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts anticipate that Entravision Communications Corp. will post $0.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a $0.0313 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $0.13 annualized dividend and a yield of 1.64%. Entravision Communications Corp.’s payout ratio is 54.17%.
Institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. increased its position in Entravision Communications Corp. by 16.6% in the second quarter. American Century Companies Inc. now owns 4,390,252 shares of the company’s stock valued at $29,502,000 after buying an additional 623,461 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in Entravision Communications Corp. during the second quarter valued at approximately $2,401,000. Folger Hill Asset Management LP purchased a new position in Entravision Communications Corp. during the second quarter valued at approximately $1,344,000. SECOR Capital Advisors LP increased its position in Entravision Communications Corp. by 413.1% in the second quarter. SECOR Capital Advisors LP now owns 130,588 shares of the company’s stock valued at $877,000 after buying an additional 105,136 shares during the last quarter. Finally, New Jersey Better Educational Savings Trust purchased a new position in Entravision Communications Corp. during the second quarter valued at approximately $672,000. Institutional investors and hedge funds own 58.10% of the company’s stock.
About Entravision Communications Corp.
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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