Entravision Communications Corporation to Issue Quarterly Dividend of $0.05 (NYSE:EVC)

Entravision Communications Corporation (NYSE:EVC) announced a quarterly dividend on Monday, August 10th. Investors of record on Wednesday, September 16th will be paid a dividend of 0.05 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, September 16th.

Entravision Communications has raised its dividend by an average of 0.1%annually over the last three years.

Entravision Communications Price Performance

Shares of EVC opened at $11.73 on Tuesday. Entravision Communications has a twelve month low of $1.95 and a twelve month high of $13.74. The company has a market capitalization of $1.08 billion, a P/E ratio of -53.32 and a beta of 1.72. The firm has a 50 day moving average of $10.90 and a 200 day moving average of $6.62. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19.

Entravision Communications (NYSE:EVC) last released its quarterly earnings data on Monday, August 10th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.09. Entravision Communications had a negative return on equity of 25.31% and a negative net margin of 3.41%.The business had revenue of $227.90 million for the quarter, compared to analysts’ expectations of $121.49 million.

Entravision Communications News Summary

Here are the key news stories impacting Entravision Communications this week:

• Positive Sentiment: Revenue and earnings exceeded estimates. Entravision reported revenue of $227.9 million, compared with the $121.5 million analyst consensus, while diluted EPS of $0.19 surpassed expectations of $0.10. The company also reported $19.7 million in net income attributable to common shareholders. MarketBeat earnings report
• Positive Sentiment: Operating performance and liquidity improved. Revenue increased 126.2% from the prior-year quarter, gross profit reached $110.0 million, and operating cash flow rose to $23.8 million. Cash and equivalents increased to $81.6 million, while capital spending remained relatively modest at $3.3 million. Quiver Quantitative earnings summary
• Neutral Sentiment: Growth was concentrated unevenly across the business. Media-segment revenue declined 1% year over year because of lower broadcast advertising and spectrum-usage-rights revenue. Digital advertising and retransmission fees partially offset those declines, indicating continued transition toward Entravision’s digital and advertising-technology operations. Entravision second-quarter results
• Negative Sentiment: Profitability and leverage remain concerns. Despite the quarterly EPS profit, reported metrics included a negative net margin of 3.41% and negative return on equity of 25.31%. Entravision also carries a debt-to-equity ratio of 2.19, limiting the strength of the balance-sheet improvement.
• Negative Sentiment: Insider selling could weigh on sentiment. Quiver Quantitative data shows nine insider sales and no purchases during the past six months, including substantial selling by Alexandra Seros and Paul A. Zevnik. The data is third-party sourced and not independently verified. Quiver Quantitative insider activity

Entravision Communications Company Profile

Entravision Communications Corporation (NYSE: EVC) is a diversified Spanish-language media and advertising company headquartered in Santa Monica, California. The company develops and distributes multimedia content tailored to Hispanic audiences across the United States, leveraging a combination of traditional broadcasting and digital platforms to reach consumers and marketers seeking to engage this fast-growing demographic.

In its broadcasting segment, Entravision owns and operates more than 50 television stations affiliated primarily with leading Spanish-language networks, as well as over 40 radio stations in key U.S.