Entravision Communication (NYSE:EVC) announced its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02), Briefing.com reports. Entravision Communication had a net margin of 31.54% and a return on equity of 46.10%. The company had revenue of $74.60 million for the quarter, compared to analysts’ expectations of $75.62 million. During the same quarter in the prior year, the firm earned $1.71 EPS. Entravision Communication’s quarterly revenue was up 5.7% compared to the same quarter last year.
NYSE:EVC traded down $1.04 during mid-day trading on Thursday, hitting $4.37. 1,340,115 shares of the company’s stock were exchanged, compared to its average volume of 460,338. Entravision Communication has a one year low of $3.90 and a one year high of $7.90. The company has a debt-to-equity ratio of 0.87, a current ratio of 5.60 and a quick ratio of 5.60. The firm has a market capitalization of $468.22 million, a P/E ratio of 2.53 and a beta of 1.22.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Thursday, December 13th. Entravision Communication’s payout ratio is currently 11.56%.
EVC has been the topic of several research analyst reports. ValuEngine upgraded shares of Entravision Communication from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Zacks Investment Research cut shares of Entravision Communication from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Finally, Noble Financial set a $6.00 price target on shares of Entravision Communication and gave the company a “buy” rating in a research report on Friday, August 3rd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $5.75.
In related news, CFO Christopher T. Young sold 50,374 shares of the business’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $5.45, for a total transaction of $274,538.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 20.99% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Alliancebernstein L.P. boosted its stake in Entravision Communication by 101.7% during the third quarter. Alliancebernstein L.P. now owns 491,240 shares of the company’s stock worth $2,407,000 after acquiring an additional 247,655 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in Entravision Communication during the third quarter worth about $216,000. JPMorgan Chase & Co. boosted its stake in Entravision Communication by 6.1% during the third quarter. JPMorgan Chase & Co. now owns 307,669 shares of the company’s stock worth $1,508,000 after acquiring an additional 17,789 shares in the last quarter. Cadence Capital Management LLC bought a new stake in Entravision Communication during the third quarter worth about $2,622,000. Finally, WBI Investments Inc. bought a new stake in Entravision Communication during the third quarter worth about $1,067,000. 62.11% of the stock is currently owned by institutional investors and hedge funds.
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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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