Analysts Anticipate Entravision Communication (NYSE:EVC) to Post $0.05 Earnings Per Share

Wall Street brokerages expect Entravision Communication (NYSE:EVC) to report earnings per share of $0.05 for the current quarter, Zacks reports. Zero analysts have provided estimates for Entravision Communication’s earnings. Entravision Communication reported earnings per share of $0.02 in the same quarter last year, which suggests a positive year-over-year growth rate of 150%. The firm is expected to issue its next quarterly earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that Entravision Communication will report full-year earnings of $0.25 per share for the current fiscal year. For the next year, analysts forecast that the business will post earnings of $0.13 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Entravision Communication.

Entravision Communication (NYSE:EVC) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Entravision Communication had a positive return on equity of 4.49% and a negative net margin of 1.97%. The company had revenue of $69.24 million during the quarter.

A number of analysts have weighed in on the company. Noble Financial set a $6.00 price objective on Entravision Communication and gave the stock a “buy” rating in a research report on Wednesday, August 7th. ValuEngine raised Entravision Communication from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research cut Entravision Communication from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th.

Entravision Communication stock traded down $0.04 during mid-day trading on Monday, reaching $2.76. 226,884 shares of the company were exchanged, compared to its average volume of 329,305. Entravision Communication has a twelve month low of $2.41 and a twelve month high of $5.68. The stock has a 50-day moving average price of $3.15. The company has a current ratio of 4.35, a quick ratio of 4.35 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $235.33 million, a price-to-earnings ratio of 21.19 and a beta of 1.14.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 7.26%. Entravision Communication’s dividend payout ratio is currently 153.85%.

In other Entravision Communication news, Director Gilbert R. Vasquez purchased 100,000 shares of Entravision Communication stock in a transaction dated Monday, May 20th. The stock was acquired at an average cost of $3.07 per share, with a total value of $307,000.00. Following the acquisition, the director now directly owns 415,169 shares of the company’s stock, valued at $1,274,568.83. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gilbert R. Vasquez purchased 15,000 shares of Entravision Communication stock in a transaction dated Wednesday, May 29th. The stock was acquired at an average cost of $3.25 per share, with a total value of $48,750.00. The disclosure for this purchase can be found here. 22.38% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of EVC. Two Sigma Investments LP raised its holdings in Entravision Communication by 148.6% during the fourth quarter. Two Sigma Investments LP now owns 187,173 shares of the company’s stock worth $545,000 after purchasing an additional 111,890 shares during the last quarter. Northern Trust Corp raised its holdings in Entravision Communication by 1.1% during the fourth quarter. Northern Trust Corp now owns 780,088 shares of the company’s stock worth $2,271,000 after purchasing an additional 8,149 shares during the last quarter. American Century Companies Inc. raised its holdings in Entravision Communication by 11.7% during the fourth quarter. American Century Companies Inc. now owns 5,526,329 shares of the company’s stock worth $16,082,000 after purchasing an additional 579,850 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Entravision Communication by 5.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,068,290 shares of the company’s stock worth $14,749,000 after purchasing an additional 252,984 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan raised its holdings in Entravision Communication by 35.7% during the first quarter. NJ State Employees Deferred Compensation Plan now owns 95,000 shares of the company’s stock worth $308,000 after purchasing an additional 25,000 shares during the last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.

Entravision Communication Company Profile

Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms primarily in the United States, Spain, Mexico, Argentina, and other Latin America countries. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.

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