Entravision Communications (EVC) Set to Announce Quarterly Earnings on Thursday

Entravision Communications (NYSE:EVC) will issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Entravision Communications (NYSE:EVC) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $320.06 million during the quarter, compared to the consensus estimate of $309.70 million. Entravision Communications had a negative net margin of 1.39% and a negative return on equity of 5.79%. On average, analysts expect Entravision Communications to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Entravision Communications Stock Down 2.6 %

Shares of EVC stock opened at $2.10 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.90. The stock has a 50 day simple moving average of $2.20 and a 200 day simple moving average of $3.38. Entravision Communications has a 1 year low of $1.33 and a 1 year high of $6.49.

Entravision Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 9.55%. The ex-dividend date of this dividend was Thursday, March 14th. Entravision Communications’s payout ratio is presently -111.11%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. StockNews.com upgraded Entravision Communications from a “sell” rating to a “hold” rating in a research note on Monday, March 18th. TheStreet cut Entravision Communications from a “c” rating to a “d+” rating in a research note on Wednesday, March 6th.

Insider Activity

In other news, CEO Michael J. Christenson purchased 100,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was bought at an average cost of $1.67 per share, for a total transaction of $167,000.00. Following the purchase, the chief executive officer now owns 1,402,170 shares of the company’s stock, valued at $2,341,623.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.99% of the stock is owned by corporate insiders.

About Entravision Communications

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.