Media headlines about Entercom Communications (NYSE:ETM) have trended somewhat positive on Tuesday, Accern Sentiment reports. Accern rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Entercom Communications earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.2302307137912 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Beasley Broadcast Group (BBGI) and Entercom Communications (ETM) Head-To-Head Comparison (americanbankingnews.com)
- Reviewing Beasley Broadcast Group (BBGI) and Entercom Communications (ETM) (americanbankingnews.com)
- Bulls ink deal with Entercom’s WSCR-AM for radio game broadcasts (finance.yahoo.com)
- Entercom Communications Corp. (ETM) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- Emmis Moves to Sell St. Louis Radio Stations (insideindianabusiness.com)
A number of research firms have recently commented on ETM. ValuEngine downgraded shares of Entercom Communications from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research upgraded shares of Entercom Communications from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Monday, January 29th. Finally, Noble Financial restated a “buy” rating on shares of Entercom Communications in a research note on Monday, November 27th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Entercom Communications has a consensus rating of “Buy” and a consensus target price of $12.00.
Entercom Communications (NYSE:ETM) opened at $9.95 on Tuesday. Entercom Communications has a one year low of $9.45 and a one year high of $16.30. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market cap of $1,430.00, a PE ratio of 39.80, a PEG ratio of 4.67 and a beta of 0.99.
Entercom Communications (NYSE:ETM) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. Entercom Communications had a net margin of 2.69% and a return on equity of 8.67%. The company had revenue of $122.30 million during the quarter, compared to the consensus estimate of $120.76 million. During the same period in the prior year, the business posted $0.27 EPS. The company’s quarterly revenue was up .6% on a year-over-year basis. research analysts anticipate that Entercom Communications will post 0.93 earnings per share for the current year.
Entercom Communications declared that its board has approved a share buyback program on Thursday, November 2nd that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 22.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
In other news, Chairman Joseph M. Field bought 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was acquired at an average cost of $11.79 per share, for a total transaction of $589,500.00. Following the purchase, the chairman now owns 3,762,621 shares of the company’s stock, valued at approximately $44,361,301.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David J. Field bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average price of $11.60 per share, with a total value of $290,000.00. Following the completion of the purchase, the insider now directly owns 1,823,072 shares in the company, valued at approximately $21,147,635.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 423,444 shares of company stock valued at $4,978,398. Company insiders own 32.57% of the company’s stock.
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Entercom Communications Company Profile
Entercom Communications Corp. is a radio broadcasting company. The Company sells advertising time to local, regional and national advertisers and national network advertisers, purchasing spot commercials in varying lengths. It focuses on station-related digital platforms, which allow for audience interaction and participation, and integrated local digital marketing solutions and station events.
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