Media stories about Entercom Communications Corp. (NYSE:ETM) have been trending somewhat negative recently, according to AlphaOne Sentiment Analysis. The research firm, a subsidiary of Accern, ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Entercom Communications Corp. earned a daily sentiment score of -0.03 on AlphaOne’s scale. AlphaOne also assigned news stories about the company an impact score of 85 out of 100, meaning that recent news coverage is very likely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Alpha One Sentiment’s scoring:
- ETFs with exposure to Entercom Communications Corp. : May 18, 2017 (finance.yahoo.com)
- Joseph M. Field Acquires 135,832 Shares of Entercom Communications Corp. (ETM) Stock (americanbankingnews.com)
- Entercom Communications Corp. (ETM) Chairman Joseph M. Field Purchases 68,616 Shares (americanbankingnews.com)
- 29.5% Return Seen to Date on SmarTrend Entercom Communications Call (ETM) (mysmartrend.com)
- Entercom Communications Corp. :ETM-US: Earnings Analysis: Q1, 2017 By the Numbers : May 16, 2017 (finance.yahoo.com)
Shares of Entercom Communications Corp. (NYSE:ETM) traded up 0.52% on Friday, hitting $9.70. 336,201 shares of the stock traded hands. The stock has a market cap of $394.91 million, a price-to-earnings ratio of 17.14 and a beta of 1.30. Entercom Communications Corp. has a 52 week low of $9.60 and a 52 week high of $16.55. The stock has a 50 day moving average price of $12.18 and a 200-day moving average price of $14.18.
Entercom Communications Corp. (NYSE:ETM) last issued its quarterly earnings results on Monday, May 8th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.01. Entercom Communications Corp. had a net margin of 8.96% and a return on equity of 9.34%. The firm had revenue of $97.50 million for the quarter, compared to analysts’ expectations of $97.01 million. During the same period in the prior year, the firm earned $0.09 EPS. Entercom Communications Corp.’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities research analysts forecast that Entercom Communications Corp. will post $0.97 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Friday, May 26th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 3.09%. The ex-dividend date is Wednesday, May 24th. Entercom Communications Corp.’s dividend payout ratio is currently 30.61%.
Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Entercom Communications Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. Noble Financial reaffirmed a “buy” rating on shares of Entercom Communications Corp. in a report on Thursday, May 11th. Finally, TheStreet cut shares of Entercom Communications Corp. from a “b” rating to a “c” rating in a report on Monday, May 8th.
In related news, Chairman Joseph M. Field acquired 68,616 shares of Entercom Communications Corp. stock in a transaction dated Tuesday, May 16th. The shares were purchased at an average price of $9.87 per share, for a total transaction of $677,239.92. Following the completion of the transaction, the chairman now directly owns 1,006,844 shares in the company, valued at approximately $9,937,550.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Joseph M. Field acquired 135,832 shares of Entercom Communications Corp. stock in a transaction dated Thursday, May 18th. The shares were bought at an average price of $9.73 per share, for a total transaction of $1,321,645.36. Following the transaction, the chairman now owns 1,006,844 shares of the company’s stock, valued at $9,796,592.12. The disclosure for this purchase can be found here. 33.24% of the stock is owned by insiders.
About Entercom Communications Corp.
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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