Entravision Communications (NYSE:EVC) Issues Earnings Results

Entravision Communications (NYSE:EVC) released its earnings results on Tuesday. The company reported ($0.11) earnings per share for the quarter, Zacks reports. Entravision Communications had a negative return on equity of 51.15% and a negative net margin of 30.16%.The firm had revenue of $120.63 million for the quarter.

Entravision Communications Price Performance

Shares of NYSE EVC traded up $0.04 during mid-day trading on Thursday, hitting $2.89. 1,582,126 shares of the stock were exchanged, compared to its average volume of 322,093. The company has a market cap of $262.47 million, a P/E ratio of -2.19 and a beta of 1.63. The stock’s fifty day simple moving average is $2.29 and its two-hundred day simple moving average is $2.24. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.48 and a current ratio of 2.48. Entravision Communications has a twelve month low of $1.58 and a twelve month high of $3.15.

Entravision Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.20 annualized dividend and a dividend yield of 6.9%. Entravision Communications’s dividend payout ratio (DPR) is presently -15.15%.

Insider Buying and Selling at Entravision Communications

In other news, major shareholder Alexandra Seros sold 41,078 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $2.31, for a total transaction of $94,890.18. Following the completion of the sale, the insider owned 11,320,143 shares of the company’s stock, valued at approximately $26,149,530.33. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 500,000 shares of company stock worth $1,223,130 over the last three months. Company insiders own 8.54% of the company’s stock.

Institutional Trading of Entravision Communications

Several hedge funds have recently modified their holdings of EVC. MetLife Investment Management LLC increased its holdings in shares of Entravision Communications by 35.7% during the first quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock worth $56,000 after buying an additional 6,991 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Entravision Communications in the first quarter valued at approximately $28,000. Goldman Sachs Group Inc. increased its holdings in shares of Entravision Communications by 14.0% in the first quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company’s stock valued at $1,251,000 after purchasing an additional 73,103 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Entravision Communications by 7.4% in the first quarter. Empowered Funds LLC now owns 470,465 shares of the company’s stock valued at $988,000 after purchasing an additional 32,321 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Entravision Communications by 146.2% in the first quarter. Jane Street Group LLC now owns 38,070 shares of the company’s stock valued at $80,000 after purchasing an additional 22,606 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Entravision Communications in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Entravision Communications presently has a consensus rating of “Sell”.

Entravision Communications Company Profile

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.