Entravision Communication (NYSE:EVC) announced its quarterly earnings results on Tuesday. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01, Morningstar.com reports. The company had revenue of $69.24 million for the quarter. Entravision Communication had a negative net margin of 1.97% and a positive return on equity of 4.49%.
Shares of EVC stock traded down $0.05 during trading hours on Friday, hitting $2.77. The stock had a trading volume of 2,900 shares, compared to its average volume of 351,405. The company has a market capitalization of $270.77 million, a price-to-earnings ratio of 21.27 and a beta of 1.14. Entravision Communication has a twelve month low of $2.41 and a twelve month high of $5.68. The stock has a 50 day moving average price of $3.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 4.35 and a quick ratio of 4.35.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 7.22%. The ex-dividend date of this dividend is Friday, September 13th. Entravision Communication’s payout ratio is currently 153.85%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc lifted its holdings in shares of Entravision Communication by 27.4% during the fourth quarter. Legal & General Group Plc now owns 12,184 shares of the company’s stock worth $36,000 after purchasing an additional 2,618 shares during the period. Swiss National Bank lifted its holdings in shares of Entravision Communication by 4.3% during the second quarter. Swiss National Bank now owns 120,100 shares of the company’s stock worth $375,000 after purchasing an additional 5,000 shares during the period. Northern Trust Corp lifted its holdings in shares of Entravision Communication by 1.1% during the fourth quarter. Northern Trust Corp now owns 780,088 shares of the company’s stock worth $2,271,000 after purchasing an additional 8,149 shares during the period. Bank of America Corp DE lifted its holdings in shares of Entravision Communication by 23.9% during the fourth quarter. Bank of America Corp DE now owns 42,964 shares of the company’s stock worth $125,000 after purchasing an additional 8,293 shares during the period. Finally, Strs Ohio lifted its holdings in shares of Entravision Communication by 7.5% during the second quarter. Strs Ohio now owns 119,500 shares of the company’s stock worth $372,000 after purchasing an additional 8,300 shares during the period. 58.39% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on the company. ValuEngine raised Entravision Communication from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Noble Financial set a $6.00 price objective on Entravision Communication and gave the company a “buy” rating in a report on Wednesday. Finally, Zacks Investment Research downgraded Entravision Communication from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th.
About Entravision Communication
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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