Key Points
- Director Paul Zevnik sold 35,000 Entravision shares at an average price of $8.40, generating $294,000. The sale reduced his direct ownership by 49.23% to 36,100 shares.
- Entravision reported quarterly EPS of $0.19, beating estimates of $0.10, while revenue reached $227.9 million versus analyst expectations of $121.49 million.
- The company declared a quarterly dividend of $0.05 per share, equivalent to an annualized $0.20 and a 2.4% yield. Despite some institutional buying, analyst sentiment remained negative, with MarketBeat reporting an average “Sell” rating.
Entravision Communications Corporation (NYSE:EVC - Get Free Report) Director Paul Zevnik sold 35,000 shares of Entravision Communications stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $8.40, for a total value of $294,000.00. Following the completion of the transaction, the director directly owned 36,100 shares in the company, valued at $303,240. This trade represents a 49.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Entravision Communications Stock Performance
NYSE:EVC opened at $8.44 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.48 and a current ratio of 1.48. Entravision Communications Corporation has a fifty-two week low of $1.95 and a fifty-two week high of $13.74. The firm has a market cap of $778.93 million, a PE ratio of 844.84 and a beta of 1.67. The business has a 50 day moving average price of $10.39 and a 200-day moving average price of $7.31.
Entravision Communications (NYSE:EVC - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.09. Entravision Communications had a net margin of 0.62% and a return on equity of 6.98%. The business had revenue of $227.90 million for the quarter, compared to analyst estimates of $121.49 million.
Entravision Communications Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.20 annualized dividend and a yield of 2.4%. Entravision Communications's dividend payout ratio (DPR) is 2,000.00%.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on EVC. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Entravision Communications in a research report on Monday. Wall Street Zen upgraded shares of Entravision Communications from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of "Sell".
Read Our Latest Stock Analysis on Entravision Communications
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. MetLife Investment Management LLC increased its holdings in Entravision Communications by 35.7% during the first quarter. MetLife Investment Management LLC now owns 26,568 shares of the company's stock valued at $56,000 after buying an additional 6,991 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Entravision Communications during the 1st quarter worth $28,000. Goldman Sachs Group Inc. boosted its stake in shares of Entravision Communications by 14.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company's stock worth $1,251,000 after acquiring an additional 73,103 shares during the last quarter. Empowered Funds LLC grew its position in shares of Entravision Communications by 7.4% during the 1st quarter. Empowered Funds LLC now owns 470,465 shares of the company's stock valued at $988,000 after acquiring an additional 32,321 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Entravision Communications by 146.2% in the 1st quarter. Jane Street Group LLC now owns 38,070 shares of the company's stock worth $80,000 after purchasing an additional 22,606 shares in the last quarter. 69.46% of the stock is owned by hedge funds and other institutional investors.
About Entravision Communications
(
Get Free Report)
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.
Further Reading
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