Everfront Ventures Corp (EVC) Getting Somewhat Favorable Media Coverage, Report Shows
Headlines about Everfront Ventures Corp (NYSE:EVC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Everfront Ventures Corp earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.9535059138214 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- Entravision Communications Corporation to Host Fourth Annual “Noche de Locura” in Las Vegas, NV (finance.yahoo.com)
- Zacks Investment Research Downgrades Entravision Communications Corporation (EVC) to Sell (americanbankingnews.com)
- Entravision Communications Corporation (EVC) Declares $0.05 Quarterly Dividend (americanbankingnews.com)
- Contrasting Entravision Communications Corporation (EVC) and Its Peers (americanbankingnews.com)
Everfront Ventures Corp (NYSE:EVC) opened at C$5.75 on Friday. Everfront Ventures Corp has a 12-month low of C$4.90 and a 12-month high of C$7.15.
Everfront Ventures Corp (NYSE:EVC) last released its earnings results on Thursday, November 2nd. The company reported C$1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.02 by C$1.69. The firm had revenue of C$70.60 million during the quarter, compared to analyst estimates of C$70.43 million. Everfront Ventures Corp had a net margin of 5.05% and a return on equity of 7.43%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $0.06 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Wednesday, December 13th.
Everfront Ventures Corp declared that its board has approved a share repurchase plan on Wednesday, August 2nd that allows the company to buyback $15.00 million in outstanding shares. This buyback authorization allows the company to buy up to 2.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.
A number of equities analysts have issued reports on the stock. BidaskClub upgraded shares of Everfront Ventures Corp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Macquarie reissued a “hold” rating and set a $7.00 price objective on shares of Everfront Ventures Corp in a research note on Monday, July 24th. Zacks Investment Research lowered shares of Everfront Ventures Corp from a “hold” rating to a “sell” rating in a research note on Wednesday. Noble Financial reiterated a “buy” rating on shares of Everfront Ventures Corp in a research note on Friday, November 3rd. Finally, ValuEngine upgraded shares of Everfront Ventures Corp from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Everfront Ventures Corp presently has a consensus rating of “Hold” and a consensus price target of C$7.00.
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In related news, CFO Christopher T. Young sold 14,616 shares of Everfront Ventures Corp stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of C$5.55, for a total value of C$81,118.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Mario M. Carrera sold 70,702 shares of Everfront Ventures Corp stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of C$5.63, for a total transaction of C$398,052.26. The disclosure for this sale can be found here.
About Everfront Ventures Corp
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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