Entravision Communications Corp. (EVC) Shares Gap Up to $7.52
Shares of Entravision Communications Corp. (NYSE:EVC) gapped up prior to trading on Thursday . The stock had previously closed at $7.51, but opened at $7.52. Entravision Communications Corp. shares last traded at $7.61, with a volume of 58,501 shares trading hands.
Separately, Zacks Investment Research upgraded Entravision Communications Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th.
The stock’s 50-day moving average is $7.54 and its 200-day moving average is $7.34. The firm has a market cap of $701.07 million and a PE ratio of 31.32.
Entravision Communications Corp. (NYSE:EVC) last released its earnings results on Wednesday, August 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. During the same quarter in the prior year, the business posted $0.06 EPS. The business had revenue of $64.82 million for the quarter, compared to analysts’ expectations of $63.38 million. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities analysts anticipate that Entravision Communications Corp. will post $0.32 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $0.0313 per share. This represents a $0.13 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Tuesday, September 13th.
In related news, Director Esteban E. Torres sold 108,179 shares of the stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $6.16, for a total transaction of $666,382.64. Following the completion of the sale, the director now owns 108,179 shares in the company, valued at $666,382.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
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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