Mario M. Carrera Sells 70,702 Shares of Entravision Communications Corporation (EVC) Stock
Entravision Communications Corporation (NYSE:EVC) CRO Mario M. Carrera sold 70,702 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $5.63, for a total value of $398,052.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Entravision Communications Corporation (NYSE EVC) opened at 5.55 on Friday. The firm has a market capitalization of $501.82 million, a PE ratio of 27.75 and a beta of 1.50. Entravision Communications Corporation has a 12 month low of $4.90 and a 12 month high of $7.89. The stock’s 50 day moving average price is $6.13 and its 200-day moving average price is $6.06.
Entravision Communications Corporation (NYSE:EVC) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $70.51 million for the quarter, compared to the consensus estimate of $67.59 million. Entravision Communications Corporation had a return on equity of 10.05% and a net margin of 7.03%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 EPS. On average, equities analysts anticipate that Entravision Communications Corporation will post $0.15 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.05 per share. This is a boost from Entravision Communications Corporation’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, September 13th. This represents a $0.20 dividend on an annualized basis and a yield of 3.60%. Entravision Communications Corporation’s dividend payout ratio (DPR) is currently 61.90%.
Entravision Communications Corporation declared that its Board of Directors has approved a share repurchase program on Wednesday, August 2nd that allows the company to buyback $15.00 million in shares. This buyback authorization allows the company to buy up to 2.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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EVC has been the topic of several research reports. Noble Financial restated a “buy” rating on shares of Entravision Communications Corporation in a research note on Thursday, May 11th. BidaskClub cut Entravision Communications Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Entravision Communications Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 29th. Finally, Macquarie restated a “hold” rating and set a $7.00 price objective on shares of Entravision Communications Corporation in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $7.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in EVC. Prudential Financial Inc. boosted its position in shares of Entravision Communications Corporation by 17.1% in the first quarter. Prudential Financial Inc. now owns 19,904 shares of the company’s stock worth $123,000 after buying an additional 2,900 shares in the last quarter. OLD National Bancorp IN acquired a new position in shares of Entravision Communications Corporation during the second quarter worth approximately $132,000. KCG Holdings Inc. acquired a new position in shares of Entravision Communications Corporation during the first quarter worth approximately $139,000. MARSHALL WACE ASIA Ltd acquired a new position in shares of Entravision Communications Corporation during the first quarter worth approximately $156,000. Finally, Marshall Wace North America L.P. acquired a new position in shares of Entravision Communications Corporation during the first quarter worth approximately $156,000. Hedge funds and other institutional investors own 58.30% of the company’s stock.
About Entravision Communications Corporation
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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