Entravision Communication (NYSE:EVC)’s stock price was up 7.3% during trading on Monday . The stock traded as high as $2.80 and last traded at $2.79, approximately 237,622 shares were traded during trading. A decline of 28% from the average daily volume of 328,225 shares. The stock had previously closed at $2.60.
Several equities research analysts have recently commented on EVC shares. Zacks Investment Research lowered Entravision Communication from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Noble Financial set a $6.00 price target on Entravision Communication and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, ValuEngine raised Entravision Communication from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.
The company has a debt-to-equity ratio of 0.92, a quick ratio of 4.13 and a current ratio of 4.13. The stock has a market capitalization of $224.75 million, a price-to-earnings ratio of 21.46 and a beta of 1.22. The company has a 50-day moving average of $2.94 and a 200-day moving average of $3.02.
Entravision Communication (NYSE:EVC) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Entravision Communication had a positive return on equity of 4.59% and a negative net margin of 1.97%. The firm had revenue of $69.24 million during the quarter. As a group, analysts expect that Entravision Communication will post 0.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.05 per share. The ex-dividend date was Friday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 7.17%. Entravision Communication’s dividend payout ratio is currently 153.85%.
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Entravision Communication by 3.2% during the 2nd quarter. BlackRock Inc. now owns 6,469,924 shares of the company’s stock worth $20,187,000 after purchasing an additional 198,401 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Entravision Communication by 18.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,630,852 shares of the company’s stock valued at $5,088,000 after acquiring an additional 255,200 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in Entravision Communication in the 2nd quarter valued at $3,762,000. D. E. Shaw & Co. Inc. raised its holdings in Entravision Communication by 31.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,181,952 shares of the company’s stock valued at $3,687,000 after acquiring an additional 286,085 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Entravision Communication by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,067,410 shares of the company’s stock valued at $3,330,000 after acquiring an additional 20,028 shares during the last quarter. Hedge funds and other institutional investors own 58.31% of the company’s stock.
Entravision Communication Company Profile (NYSE:EVC)
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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