Entravision Communications Corporation (EVC) Receives News Impact Score of 0.14
Media coverage about Entravision Communications Corporation (NYSE:EVC) has been trending somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Entravision Communications Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.0405194164099 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
EVC has been the topic of a number of research analyst reports. Macquarie reaffirmed a “hold” rating and issued a $7.00 target price on shares of Entravision Communications Corporation in a report on Monday, July 24th. BidaskClub raised Entravision Communications Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Noble Financial reaffirmed a “buy” rating on shares of Entravision Communications Corporation in a report on Thursday, August 3rd. ValuEngine raised Entravision Communications Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Zacks Investment Research lowered Entravision Communications Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $7.00.
Shares of Entravision Communications Corporation (NYSE:EVC) opened at $6.20 on Friday. The stock has a market capitalization of $560.59, a P/E ratio of 3.33 and a beta of 1.50. The company has a quick ratio of 6.93, a current ratio of 6.93 and a debt-to-equity ratio of 0.83. Entravision Communications Corporation has a fifty-two week low of $4.90 and a fifty-two week high of $7.15.
Entravision Communications Corporation (NYSE:EVC) last released its earnings results on Thursday, November 2nd. The company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $1.69. The firm had revenue of $70.60 million for the quarter, compared to analyst estimates of $70.43 million. Entravision Communications Corporation had a return on equity of 75.49% and a net margin of 31.96%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. equities research analysts forecast that Entravision Communications Corporation will post 0.09 earnings per share for the current fiscal year.
Entravision Communications Corporation announced that its Board of Directors has approved a share buyback program on Wednesday, August 2nd that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the company to buy up to 2.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 14th will be given a $0.05 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.23%. Entravision Communications Corporation’s dividend payout ratio is currently 10.75%.
In other Entravision Communications Corporation news, CFO Christopher T. Young sold 14,616 shares of the firm’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Mario M. Carrera sold 70,702 shares of the firm’s 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 disclosure for this sale can be found here. 20.72% of the stock is currently owned by company insiders.
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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