Entercom Communications Corp. (ETM) Trading Down 2.3%
Entercom Communications Corp. (NYSE:ETM) shares were down 2.3% on Thursday . The stock traded as low as $13.24 and last traded at $13.39, with a volume of 52,583 shares. The stock had previously closed at $13.71.
Several research analysts recently weighed in on ETM shares. TheStreet raised shares of Entercom Communications Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 28th. Zacks Investment Research downgraded shares of Entercom Communications Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 5th.
The company has a 50 day moving average of $14.00 and a 200 day moving average of $12.47. The company has a market cap of $545.28 million and a PE ratio of 14.46.
Entercom Communications Corp. (NYSE:ETM) last issued its earnings results on Wednesday, July 27th. The company reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The business had revenue of $120.50 million for the quarter, compared to analyst estimates of $119.12 million. During the same period in the previous year, the firm posted $0.17 EPS. The firm’s revenue was up 19.8% compared to the same quarter last year. Analysts anticipate that Entercom Communications Corp. will post $0.95 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Monday, August 15th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.23%. The ex-dividend date is Thursday, August 11th.
Entercom Communications Corp. is a radio broadcasting company. The Company has a portfolio of approximately 130 radio stations in over 30 markets across the United States. The Company operates through the radio broadcasting segment. The Company sells advertising time to local, regional and national advertisers and national network advertisers, engaged in purchasing spot commercials in varying lengths.
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