Entercom Communications Corp. (ETM) Hits New 1-Year High at $14.24
Shares of Entercom Communications Corp. (NYSE:ETM) hit a new 52-week high on Wednesday . The stock traded as high as $14.24 and last traded at $14.14, with a volume of 27,621 shares trading hands. The stock had previously closed at $13.85.
ETM has been the topic of several analyst reports. Zacks Investment Research cut shares of Entercom Communications Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 15th. TheStreet raised shares of Entercom Communications Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, June 28th.
The company has a market cap of $569.55 million and a P/E ratio of 16.99. The firm has a 50 day moving average price of $13.45 and a 200-day moving average price of $11.58.
Entercom Communications Corp. (NYSE:ETM) last announced its quarterly earnings data on Monday, May 2nd. The company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. During the same quarter in the previous year, the business posted $0.04 earnings per share. The business had revenue of $96.10 million for the quarter, compared to analyst estimates of $93.90 million. The company’s revenue was up 22.5% compared to the same quarter last year. Equities analysts expect that Entercom Communications Corp. will post $0.96 EPS for the current year.
In other Entercom Communications Corp. news, CFO Stephen F. Fisher sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $11.99, for a total transaction of $239,800.00. Following the completion of the sale, the chief financial officer now directly owns 541,597 shares in the company, valued at approximately $6,493,748.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
A hedge fund recently raised its stake in Entercom Communications Corp. stock. Dimensional Fund Advisors LP boosted its position in Entercom Communications Corp. (NYSE:ETM) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,307,288 shares of the company’s stock after buying an additional 85,627 shares during the period. Dimensional Fund Advisors LP owned 3.29% of Entercom Communications Corp. worth $14,681,000 as of its most recent filing with the SEC.
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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