Wall Street brokerages expect Entravision Communication (NYSE:EVC) to post earnings per share of $0.04 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Entravision Communication’s earnings, with estimates ranging from $0.03 to $0.06. Entravision Communication reported earnings of $0.06 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 33.3%. The company is scheduled to announce its next quarterly earnings report on Wednesday, August 2nd.
According to Zacks, analysts expect that Entravision Communication will report full-year earnings of $0.17 per share for the current fiscal year, with EPS estimates ranging from $0.11 to $0.23. For the next year, analysts forecast that the business will report earnings of $0.34 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Entravision Communication.
Entravision Communication (NYSE:EVC) last posted its quarterly earnings data on Thursday, March 2nd. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The firm had revenue of $70.29 million during the quarter, compared to the consensus estimate of $71.77 million. Entravision Communication had a return on equity of 11.23% and a net margin of 7.57%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 EPS.
EVC has been the topic of a number of recent analyst reports. Wedbush cut Entravision Communication from an “outperform” rating to a “neutral” rating and cut their price target for the company from $9.00 to $7.00 in a report on Tuesday, January 17th. Macquarie reaffirmed a “hold” rating and set a $7.00 price target on shares of Entravision Communication in a report on Wednesday, January 18th.
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Several large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its stake in Entravision Communication by 4.9% in the third quarter. Sei Investments Co. now owns 30,613 shares of the company’s stock worth $234,000 after buying an additional 1,433 shares during the period. Morgan Stanley boosted its stake in Entravision Communication by 4.2% in the third quarter. Morgan Stanley now owns 3,332,275 shares of the company’s stock worth $25,426,000 after buying an additional 134,230 shares during the period. SECOR Capital Advisors LP boosted its stake in Entravision Communication by 13.0% in the third quarter. SECOR Capital Advisors LP now owns 147,559 shares of the company’s stock worth $1,126,000 after buying an additional 16,971 shares during the period. Russell Investments Group Ltd. acquired a new stake in Entravision Communication during the fourth quarter worth $2,602,000. Finally, State Street Corp boosted its stake in Entravision Communication by 3.8% in the fourth quarter. State Street Corp now owns 1,099,342 shares of the company’s stock worth $7,698,000 after buying an additional 40,266 shares during the period. 61.67% of the stock is currently owned by institutional investors.
Shares of Entravision Communication (NYSE:EVC) traded down 0.85% during trading on Wednesday, hitting $5.80. The stock had a trading volume of 7,628 shares. The firm’s 50-day moving average is $6.15 and its 200-day moving average is $6.17. Entravision Communication has a one year low of $4.90 and a one year high of $8.04. The firm has a market cap of $523.97 million, a P/E ratio of 25.22 and a beta of 1.52.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a dividend of $0.0313 per share. The ex-dividend date is Tuesday, June 13th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 2.14%. Entravision Communication’s dividend payout ratio (DPR) is presently 65.00%.
About Entravision Communication
Entravision Communications Corporation is a media company. The Company reaches and engages Hispanics in the United States and certain border markets of Mexico across media channels and advertising platforms. The Company operates through three segments: television broadcasting, radio broadcasting and digital media.
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