Entravision Communication (EVC) Announces Earnings Results, Misses Estimates By $0.03 EPS

Entravision Communication (NYSE:EVC) posted its quarterly earnings data on Wednesday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03), Yahoo Finance reports. Entravision Communication had a net margin of 31.96% and a return on equity of 75.49%. The business had revenue of $73.50 million for the quarter, compared to analysts’ expectations of $71.56 million. During the same quarter in the previous year, the firm earned $0.08 EPS. Entravision Communication’s revenue was up 4.6% compared to the same quarter last year.

Shares of Entravision Communication (NYSE:EVC) traded down $1.15 during midday trading on Thursday, reaching $5.15. The company’s stock had a trading volume of 1,209,912 shares, compared to its average volume of 518,976. The company has a current ratio of 6.93, a quick ratio of 6.93 and a debt-to-equity ratio of 0.83. The company has a market cap of $567.02, a price-to-earnings ratio of 2.81 and a beta of 1.51. Entravision Communication has a 1-year low of $5.05 and a 1-year high of $7.90.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Monday, March 19th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Friday, March 16th. Entravision Communication’s dividend payout ratio (DPR) is presently 10.75%.

A number of research firms recently issued reports on EVC. Noble Financial cut Entravision Communication from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research cut Entravision Communication from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $7.00.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Markets Daily and is owned by of Markets Daily. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://www.themarketsdaily.com/2018/03/15/entravision-communication-evc-posts-earnings-results-beats-expectations-by-0-16-eps.html.

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.

Earnings History for Entravision Communication (NYSE:EVC)

Receive News & Ratings for Entravision Communication Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entravision Communication and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply