Zacks: Analysts Expect Entravision Communication (NYSE:EVC) to Post $0.06 EPS

Wall Street brokerages forecast that Entravision Communication (NYSE:EVC) will announce earnings per share (EPS) of $0.06 for the current quarter, Zacks reports. Zero analysts have made estimates for Entravision Communication’s earnings. Entravision Communication reported earnings of $0.04 per share during the same quarter last year, which would indicate a positive year over year growth rate of 50%. The firm is expected to announce its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Entravision Communication will report full-year earnings of $0.25 per share for the current year. For the next fiscal year, analysts anticipate that the company will post earnings of $0.18 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Entravision Communication.

Entravision Communication (NYSE:EVC) last announced its earnings results on Wednesday, May 15th. The company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.05. Entravision Communication had a return on equity of 3.82% and a net margin of 5.21%. The firm had revenue of $64.68 million for the quarter.

Several equities research analysts recently commented on the company. Zacks Investment Research cut H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Noble Financial set a $6.00 target price on Entravision Communication and gave the stock a “buy” rating in a report on Wednesday, July 3rd.

In other news, Director Gilbert R. Vasquez acquired 15,000 shares of the stock in a transaction on Wednesday, May 29th. The shares were purchased at an average cost of $3.25 per share, for a total transaction of $48,750.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gilbert R. Vasquez acquired 100,000 shares of the stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $3.07 per share, for a total transaction of $307,000.00. Following the completion of the transaction, the director now owns 415,169 shares in the company, valued at approximately $1,274,568.83. The disclosure for this purchase can be found here. 22.38% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. grew its position in Entravision Communication by 11.7% during the 4th quarter. American Century Companies Inc. now owns 5,526,329 shares of the company’s stock worth $16,082,000 after purchasing an additional 579,850 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Entravision Communication by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,068,290 shares of the company’s stock worth $14,749,000 after purchasing an additional 252,984 shares in the last quarter. JPMorgan Chase & Co. grew its position in Entravision Communication by 12.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,238,716 shares of the company’s stock worth $7,253,000 after purchasing an additional 240,839 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in Entravision Communication by 27.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 814,252 shares of the company’s stock worth $2,369,000 after purchasing an additional 174,227 shares in the last quarter. Finally, Northern Trust Corp grew its position in Entravision Communication by 1.1% during the 4th quarter. Northern Trust Corp now owns 780,088 shares of the company’s stock worth $2,271,000 after purchasing an additional 8,149 shares in the last quarter. Hedge funds and other institutional investors own 58.64% of the company’s stock.

NYSE:EVC traded up $0.04 during midday trading on Friday, hitting $3.39. 2,122 shares of the stock were exchanged, compared to its average volume of 317,944. Entravision Communication has a one year low of $2.56 and a one year high of $5.68. The company has a market cap of $286.16 million, a P/E ratio of 25.85 and a beta of 1.17. The company’s 50-day moving average price is $3.04. The company has a debt-to-equity ratio of 0.86, a current ratio of 4.35 and a quick ratio of 4.35.

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.20 annualized dividend and a yield of 5.90%. Entravision Communication’s payout ratio is 153.85%.

About Entravision Communication

Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms primarily in the United States, Spain, Mexico, Argentina, and other Latin America countries. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.

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