Shares of Entercom Communications Corp. (NYSE:ETM) have earned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $4.80.
Several analysts recently weighed in on the stock. lifted their target price on shares of Entercom Communications to $1.34 and gave the company a “buy” rating in a report on Wednesday, February 13th. TheStreet downgraded shares of Entercom Communications from a “c” rating to a “d+” rating in a report on Friday, March 29th. lifted their target price on shares of Entercom Communications to $1.34 and gave the company a “buy” rating in a report on Wednesday, February 13th. Finally, ValuEngine downgraded shares of Entercom Communications from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd.
Entercom Communications stock opened at $6.24 on Thursday. Entercom Communications has a fifty-two week low of $5.16 and a fifty-two week high of $10.95. The company has a debt-to-equity ratio of 1.40, a current ratio of 3.13 and a quick ratio of 3.13. The company has a market capitalization of $896.02 million, a P/E ratio of 7.43 and a beta of 1.07.
Entercom Communications (NYSE:ETM) last posted its earnings results on Friday, February 22nd. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.04). Entercom Communications had a negative net margin of 24.71% and a positive return on equity of 4.40%. The company had revenue of $411.38 million during the quarter, compared to analyst estimates of $410.00 million. During the same quarter last year, the business posted $0.16 EPS. The firm’s revenue for the quarter was up 66.8% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.09 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.36 annualized dividend and a dividend yield of 5.77%. Entercom Communications’s dividend payout ratio (DPR) is 42.86%.
In other Entercom Communications news, Chairman Joseph M. Field purchased 30,000 shares of the company’s stock in a transaction on Monday, March 25th. The stock was acquired at an average price of $5.25 per share, for a total transaction of $157,500.00. Following the completion of the purchase, the chairman now directly owns 26,378 shares in the company, valued at approximately $138,484.50. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Joseph M. Field purchased 100,000 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was acquired at an average price of $6.22 per share, with a total value of $622,000.00. Following the purchase, the chairman now owns 26,378 shares of the company’s stock, valued at $164,071.16. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 830,000 shares of company stock valued at $4,980,500. Insiders own 10.19% of the company’s stock.
Several large investors have recently bought and sold shares of the business. Hsbc Holdings PLC grew its stake in shares of Entercom Communications by 6.1% in the fourth quarter. Hsbc Holdings PLC now owns 26,403 shares of the company’s stock worth $151,000 after acquiring an additional 1,523 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Entercom Communications by 8.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 24,481 shares of the company’s stock worth $133,000 after acquiring an additional 1,821 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Entercom Communications by 2.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 92,776 shares of the company’s stock worth $530,000 after acquiring an additional 2,046 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Entercom Communications by 10.9% in the fourth quarter. Legal & General Group Plc now owns 22,475 shares of the company’s stock worth $128,000 after acquiring an additional 2,212 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in shares of Entercom Communications by 17.7% in the fourth quarter. Xact Kapitalforvaltning AB now owns 26,600 shares of the company’s stock worth $152,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.
About Entercom Communications
Entercom Communications Corp. operates as a radio broadcasting company in the United States. The company owns and operates radio stations in various formats, such as news, sports, talk, classic rock, urban, adult contemporary, alternative, country, and others. As of February 20, 2018, it had a portfolio of approximately 235 radio stations, digital platforms, and live events.
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