Entercom Communications Corp. (ETM) Shares Down 2.3%
Entercom Communications Corp. (NYSE:ETM) traded 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 equities research analysts have recently weighed in on the company. TheStreet upgraded Entercom Communications Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, June 28th. Zacks Investment Research upgraded Entercom Communications Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 29th.
The company has a 50-day moving average of $13.98 and a 200-day moving average of $12.48. The stock has a market cap of $564.77 million and a P/E ratio of 14.97.
Entercom Communications Corp. (NYSE:ETM) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The firm earned $120.50 million during the quarter, compared to analyst estimates of $119.12 million. The company’s quarterly revenue was up 19.8% on a year-over-year basis. Analysts predict that Entercom Communications Corp. will post $0.95 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Monday, August 15th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.16%. 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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