Entravision Communications Corporation (NYSE:EVC) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday, July 25th.
Other equities analysts have also recently issued research reports about the stock. Noble Financial reissued a “buy” rating on shares of Entravision Communications Corporation in a research report on Thursday, May 11th. Macquarie reissued a “hold” rating and set a $7.00 price objective on shares of Entravision Communications Corporation in a research report on Monday, July 24th. Finally, Zacks Investment Research raised shares of Entravision Communications Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $7.00.
Entravision Communications Corporation (NYSE:EVC) traded down 1.64% during mid-day trading on Tuesday, hitting $6.00. The company had a trading volume of 409,748 shares. The firm has a market capitalization of $542.12 million, a PE ratio of 30.00 and a beta of 1.50. Entravision Communications Corporation has a 12-month low of $4.90 and a 12-month high of $8.00. The company’s 50 day moving average price is $6.55 and its 200-day moving average price is $6.00.
Entravision Communications Corporation (NYSE:EVC) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.01. The company had revenue of $70.51 million for the quarter, compared to the consensus estimate of $67.59 million. Entravision Communications Corporation had a return on equity of 10.15% and a net margin of 7.03%. Entravision Communications Corporation’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. On average, analysts forecast that Entravision Communications Corporation will post $3.01 EPS for the current fiscal year.
Entravision Communications Corporation declared that its Board of Directors has authorized a stock buyback plan on Wednesday, August 2nd that allows the company to repurchase $15.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.
A number of institutional investors have recently made changes to their positions in EVC. Victory Capital Management Inc. boosted its position in shares of Entravision Communications Corporation by 4.8% in the second quarter. Victory Capital Management Inc. now owns 189,388 shares of the company’s stock valued at $1,250,000 after buying an additional 8,650 shares during the last quarter. Marshall Wace North America L.P. boosted its position in shares of Entravision Communications Corporation by 12.7% in the second quarter. Marshall Wace North America L.P. now owns 29,303 shares of the company’s stock valued at $205,000 after buying an additional 3,291 shares during the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of Entravision Communications Corporation by 17.6% in the second quarter. Deprince Race & Zollo Inc. now owns 1,506,104 shares of the company’s stock valued at $9,940,000 after buying an additional 225,714 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Entravision Communications Corporation by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 525,667 shares of the company’s stock valued at $3,470,000 after buying an additional 9,051 shares during the last quarter. Finally, Falcon Point Capital LLC boosted its position in shares of Entravision Communications Corporation by 2.5% in the second quarter. Falcon Point Capital LLC now owns 242,540 shares of the company’s stock valued at $1,601,000 after buying an additional 5,889 shares during the last quarter. 63.66% of the stock is currently owned by institutional investors and hedge funds.
Entravision Communications Corporation Company Profile
Entravision Communications Corporation is a media company. The Company reaches and engages Hispanics in the United States and certain border markets of Mexico across media channels and advertising platforms. The Company operates through three segments: television broadcasting, radio broadcasting and digital media.
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