Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Entravision Communications Corporation (EVC) Share Price
Media headlines about Entravision Communications Corporation (NYSE:EVC) have trended somewhat positive on Saturday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Entravision Communications Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.5210629450559 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Entravision Communications Corporation (NYSE EVC) traded down 0.87% during trading on Friday, hitting $5.70. The stock had a trading volume of 363,295 shares. The firm has a market capitalization of $515.38 million, a P/E ratio of 28.50 and a beta of 1.56. The stock has a 50 day moving average of $5.74 and a 200 day moving average of $6.08. Entravision Communications Corporation has a one year low of $4.90 and a one year high of $7.74.
Entravision Communications Corporation (NYSE:EVC) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $70.51 million during 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 was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 EPS. Equities research analysts expect that Entravision Communications Corporation will post $0.15 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 14th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $0.20 annualized dividend and a yield of 3.51%. This is a positive change from Entravision Communications Corporation’s previous quarterly dividend of $0.03. Entravision Communications Corporation’s dividend payout ratio is presently 95.24%.
Entravision Communications Corporation declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 2nd that permits the company to repurchase $15.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 2.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
EVC has been the subject of several research reports. ValuEngine raised Entravision Communications Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub cut Entravision Communications Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Zacks Investment Research cut Entravision Communications Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Noble Financial reaffirmed a “buy” rating on shares of Entravision Communications Corporation in a research report on Thursday, August 3rd. Finally, Macquarie reaffirmed a “hold” rating and issued a $7.00 target price on shares of Entravision Communications Corporation in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $7.00.
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In other Entravision Communications Corporation news, CRO Mario M. Carrera sold 70,702 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was 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 available at this hyperlink. Also, CFO Christopher T. Young sold 14,616 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $5.55, for a total value of $81,118.80. The disclosure for this sale can be found here. 20.72% of the stock is currently owned by corporate insiders.
Entravision Communications Corporation Company Profile
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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