Brokerages Set Entercom Communications Corp. (NYSE:ETM) Target Price at $4.30

Entercom Communications Corp. (NYSE:ETM) has received an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $4.30.

A number of equities analysts recently weighed in on ETM shares. Zacks Investment Research cut Entercom Communications from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. B. Riley set a $6.00 price target on Entercom Communications and gave the stock a “buy” rating in a report on Friday, August 16th.

NYSE ETM traded up $0.07 during trading hours on Friday, reaching $3.89. The company’s stock had a trading volume of 57,398 shares, compared to its average volume of 1,494,618. The firm has a market capitalization of $521.55 million, a price-to-earnings ratio of 4.64 and a beta of 1.36. Entercom Communications has a 1-year low of $2.94 and a 1-year high of $8.30. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.87 and a quick ratio of 1.87. The company’s 50-day moving average is $4.12 and its two-hundred day moving average is $5.59.



Entercom Communications (NYSE:ETM) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.09). The business had revenue of $380.70 million during the quarter, compared to analyst estimates of $386.57 million. Entercom Communications had a positive return on equity of 7.96% and a negative net margin of 21.69%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 EPS. Equities analysts forecast that Entercom Communications will post 0.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 29th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.08 annualized dividend and a yield of 2.06%. Entercom Communications’s dividend payout ratio (DPR) is currently 9.52%.

In other news, insider Richard J. Schmaeling acquired 55,676 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of $3.61 per share, for a total transaction of $200,990.36. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Joseph M. Field acquired 200,000 shares of the business’s stock in a transaction on Monday, June 24th. The shares were purchased at an average price of $5.96 per share, with a total value of $1,192,000.00. Following the completion of the purchase, the chairman now owns 30,125 shares in the company, valued at approximately $179,545. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 526,202 shares of company stock valued at $2,975,469. 14.04% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of ETM. Bank of America Corp DE increased its stake in Entercom Communications by 46.3% during the 4th quarter. Bank of America Corp DE now owns 91,522 shares of the company’s stock worth $522,000 after buying an additional 28,943 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Entercom Communications by 32.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,399,646 shares of the company’s stock worth $25,122,000 after buying an additional 1,066,215 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Entercom Communications by 281.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 29,487 shares of the company’s stock worth $155,000 after buying an additional 21,753 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Entercom Communications during the 1st quarter worth approximately $114,000. Finally, Rhumbline Advisers increased its stake in Entercom Communications by 0.8% during the 1st quarter. Rhumbline Advisers now owns 184,846 shares of the company’s stock worth $970,000 after buying an additional 1,556 shares in the last quarter. Institutional investors own 76.88% of the company’s stock.

Entercom Communications Company Profile

Entercom Communications Corp., a media and entertainment company, engages in radio broadcasting business in the United States. 3 The company owns and operates radio stations in various formats, such as news, sports, talk, classic rock, urban, adult contemporary, alternative, country, and others. As of February 11, 2019, it had a portfolio of approximately 235 radio stations, digital platforms, and live events.

Further Reading: Stochastic Momentum Index (SMI)

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