Entravision Communications Corp. (EVC) Trading Up 2.2%
Entravision Communications Corp. (NYSE:EVC) was up 2.2% on Wednesday . The stock traded as high as $7.33 and last traded at $7.32, with a volume of 324,086 shares traded. The stock had previously closed at $7.16.
Separately, Zacks Investment Research downgraded Entravision Communications Corp. from a “hold” rating to a “sell” rating in a research report on Monday, April 4th.
The stock has a market cap of $651.65 million and a price-to-earnings ratio of 30.50. The stock has a 50 day moving average of $6.91 and a 200-day moving average of $7.26.
Entravision Communications Corp. (NYSE:EVC) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.01. The company had revenue of $58.10 million for the quarter, compared to analyst estimates of $57.46 million. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. On average, equities research analysts predict that Entravision Communications Corp. will post $0.35 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were given a dividend of $0.0313 per share. This represents a $0.13 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Monday, June 13th.
In related news, Director Esteban E. Torres sold 108,179 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $6.16, for a total transaction of $666,382.64. Following the completion of the transaction, the director now owns 108,179 shares of the company’s stock, valued at $666,382.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of institutional investors recently modified their holdings of the company. Foresters Investment Management Company Inc. raised its position in shares of Entravision Communications Corp. by 40.0% in the fourth quarter. Foresters Investment Management Company Inc. now owns 248,500 shares of the company’s stock valued at $1,916,000 after buying an additional 71,000 shares during the period. Pear Tree Advisors Inc. acquired a new stake in Entravision Communications Corp. during the fourth quarter valued at about $1,712,000. Dimensional Fund Advisors LP raised its stake in Entravision Communications Corp. by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,679,229 shares of the company’s stock valued at $20,657,000 after buying an additional 97,992 shares during the last quarter. Hodges Capital Management Inc. raised its stake in Entravision Communications Corp. by 4.1% in the fourth quarter. Hodges Capital Management Inc. now owns 1,672,155 shares of the company’s stock valued at $12,892,000 after buying an additional 65,660 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Entravision Communications Corp. by 5.1% in the fourth quarter. Wells Fargo & Company MN now owns 209,751 shares of the company’s stock valued at $1,618,000 after buying an additional 10,190 shares during the last quarter.
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.
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