Entravision Communications (NYSE:EVC) Trading 6.3% Higher

Entravision Communications Co. (NYSE:EVC) shares traded up 6.3% on Thursday . The company traded as high as $8.00 and last traded at $7.99. 7,571 shares traded hands during trading, a decline of 99% from the average session volume of 554,932 shares. The stock had previously closed at $7.52.

A number of research firms recently issued reports on EVC. Noble Financial reissued a “buy” rating and issued a $10.00 price target on shares of Entravision Communications in a research note on Wednesday, September 1st. Zacks Investment Research upgraded shares of Entravision Communications from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a research note on Wednesday, September 29th. Finally, TheStreet raised Entravision Communications from a “c” rating to a “b-” rating in a report on Friday, August 6th.

The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.33 and a current ratio of 2.33. The stock has a market cap of $664.11 million, a price-to-earnings ratio of 15.90 and a beta of 0.70. The company’s 50 day simple moving average is $7.14 and its two-hundred day simple moving average is $5.72.

Entravision Communications (NYSE:EVC) last announced its earnings results on Thursday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Entravision Communications had a net margin of 7.59% and a return on equity of 15.56%. The business had revenue of $178.41 million during the quarter, compared to analysts’ expectations of $163.10 million. On average, equities research analysts predict that Entravision Communications Co. will post 0.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th were issued a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, September 14th. This represents a $0.10 annualized dividend and a yield of 1.29%. Entravision Communications’s dividend payout ratio (DPR) is presently 23.26%.

In related news, Director Paul A. Zevnik sold 10,000 shares of the firm’s stock in a transaction on Monday, October 4th. The stock was sold at an average price of $7.50, for a total transaction of $75,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 24.30% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Optimum Investment Advisors bought a new stake in Entravision Communications in the 2nd quarter valued at approximately $33,000. Advisor Group Holdings Inc. boosted its holdings in Entravision Communications by 43.5% during the second quarter. Advisor Group Holdings Inc. now owns 6,606 shares of the company’s stock worth $44,000 after purchasing an additional 2,002 shares during the last quarter. Jane Street Group LLC bought a new position in Entravision Communications in the first quarter valued at $53,000. Metropolitan Life Insurance Co NY acquired a new stake in Entravision Communications in the 1st quarter valued at $60,000. Finally, Wolverine Trading LLC acquired a new position in shares of Entravision Communications during the 2nd quarter worth about $70,000. Institutional investors own 54.37% of the company’s stock.

About Entravision Communications (NYSE:EVC)

Entravision Communications Corp. engages in the provision of media and marketing solutions, and data analytics services. It operates through the following segments: Television Broadcasting, Radio Broadcasting, and Digital Media. The Television Broadcasting segment offers an entertainment, news, and national news magazine, as well as local news produced by its TV stations.

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