Entercom Communications Corporation (ETM) Getting Somewhat Favorable Media Coverage, Report Finds
News stories about Entercom Communications Corporation (NYSE:ETM) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Entercom Communications Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.9709157187022 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Entercom Communications Corporation (NYSE ETM) traded up 0.98% on Thursday, reaching $10.30. The company had a trading volume of 294,691 shares. Entercom Communications Corporation has a 1-year low of $9.45 and a 1-year high of $16.55. The stock has a market capitalization of $419.82 million, a P/E ratio of 23.09 and a beta of 1.17. The stock’s 50 day moving average is $9.89 and its 200-day moving average is $11.83.
Entercom Communications Corporation (NYSE:ETM) last issued its quarterly earnings results on Friday, July 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. The company had revenue of $125 million for the quarter, compared to the consensus estimate of $121.42 million. Entercom Communications Corporation had a return on equity of 8.50% and a net margin of 4.27%. Entercom Communications Corporation’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 earnings per share. On average, equities analysts predict that Entercom Communications Corporation will post $0.91 EPS for the current fiscal year.
The firm also recently declared a dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 15th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, August 11th. Entercom Communications Corporation’s dividend payout ratio is currently 66.67%.
A number of research analysts recently commented on ETM shares. BidaskClub raised Entercom Communications Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Noble Financial reissued a “buy” rating on shares of Entercom Communications Corporation in a report on Monday, July 31st. Zacks Investment Research raised Entercom Communications Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 30th. ValuEngine cut Entercom Communications Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, TheStreet cut Entercom Communications Corporation from a “b” rating to a “c” rating in a report on Monday, May 8th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.00.
In other Entercom Communications Corporation news, Chairman Joseph M. Field purchased 4,793 shares of the stock in a transaction on Friday, June 16th. The shares were bought at an average price of $9.95 per share, for a total transaction of $47,690.35. Following the completion of the transaction, the chairman now owns 1,006,844 shares of the company’s stock, valued at approximately $10,018,097.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired 8,021 shares of company stock worth $79,809 in the last quarter. 32.57% of the stock is currently owned by company insiders.
About Entercom Communications Corporation
Entercom Communications Corp. is a radio broadcasting company. The Company sells advertising time to local, regional and national advertisers and national network advertisers, purchasing spot commercials in varying lengths. It focuses on station-related digital platforms, which allow for audience interaction and participation, and integrated local digital marketing solutions and station events.
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