Entravision Communications Corporation Plans Quarterly Dividend of $0.05 (NYSE:EVC)

Entravision Communications Corporation (NYSE:EVC) announced a quarterly dividend on Monday, August 10th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.05 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, September 16th.

Entravision Communications has increased its dividend by an average of 0.1%per year over the last three years.

Entravision Communications Trading Down 2.0%

Shares of Entravision Communications stock opened at $11.73 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -53.32 and a beta of 1.72. Entravision Communications has a 52-week low of $1.95 and a 52-week high of $13.74. The company’s 50-day simple moving average is $10.90 and its 200-day simple moving average is $6.62.

Entravision Communications (NYSE:EVC) last released its earnings results on Monday, August 10th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. The company had revenue of $227.90 million during the quarter, compared to the consensus estimate of $121.49 million. Entravision Communications had a negative return on equity of 25.31% and a negative net margin of 3.41%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EVC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Entravision Communications in a report on Wednesday, June 3rd. Wall Street Zen upgraded shares of Entravision Communications from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

About Entravision Communications

Entravision Communications Corporation (NYSE: EVC) is a diversified Spanish-language media and advertising company headquartered in Santa Monica, California. The company develops and distributes multimedia content tailored to Hispanic audiences across the United States, leveraging a combination of traditional broadcasting and digital platforms to reach consumers and marketers seeking to engage this fast-growing demographic.

In its broadcasting segment, Entravision owns and operates more than 50 television stations affiliated primarily with leading Spanish-language networks, as well as over 40 radio stations in key U.S.