Entravision Communication (EVC) Issues Earnings Results

Entravision Communication (NYSE:EVC) posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.08 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.08, MarketWatch Earnings reports. Entravision Communication had a return on equity of 3.82% and a net margin of 5.21%. The company had revenue of $82.07 million for the quarter.

Shares of EVC opened at $3.14 on Friday. Entravision Communication has a twelve month low of $2.56 and a twelve month high of $5.68. The company has a market capitalization of $267.35 million, a price-to-earnings ratio of 24.15 and a beta of 1.31. The company has a debt-to-equity ratio of 0.86, a quick ratio of 4.35 and a current ratio of 4.35.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date of this dividend is Thursday, June 13th. Entravision Communication’s dividend payout ratio is presently 153.85%.

EVC has been the topic of a number of research reports. Zacks Investment Research raised Entravision Communication from a “sell” rating to a “buy” rating and set a $3.50 price target on the stock in a report on Tuesday, May 21st. Noble Financial reissued a “buy” rating and set a $6.00 price target on shares of Entravision Communication in a report on Sunday, May 19th. Finally, ValuEngine raised Entravision Communication from a “sell” rating to a “hold” rating in a report on Monday, February 4th.

In other Entravision Communication news, Director Gilbert R. Vasquez acquired 100,000 shares of the stock in a transaction on Monday, May 20th. The shares were bought at an average price of $3.07 per share, with a total value of $307,000.00. Following the acquisition, the director now owns 415,169 shares of the company’s stock, valued at $1,274,568.83. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 22.38% of the stock is currently owned by insiders.

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Entravision Communication Company Profile

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.

Further Reading: Insider Trading

Earnings History for Entravision Communication (NYSE:EVC)

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