Press coverage about Everfront Ventures Corp (NYSE:EVC) has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Everfront Ventures Corp earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.9535059138214 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
Several equities analysts recently commented on EVC shares. Macquarie restated a “hold” rating and set a $7.00 target price on shares of Everfront Ventures Corp in a research report on Monday, July 24th. BidaskClub cut Everfront Ventures Corp from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Noble Financial reissued a “buy” rating on shares of Everfront Ventures Corp in a research note on Thursday, August 3rd. Zacks Investment Research cut Everfront Ventures Corp from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, ValuEngine upgraded Everfront Ventures Corp from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Everfront Ventures Corp currently has a consensus rating of “Hold” and an average target price of C$7.00.
Everfront Ventures Corp (NYSE EVC) opened at C$5.75 on Friday. Everfront Ventures Corp has a 12-month low of C$4.90 and a 12-month high of C$7.15.
Everfront Ventures Corp (NYSE:EVC) last posted its earnings results on Thursday, November 2nd. The company reported C$1.71 EPS for the quarter, beating the consensus estimate of C$0.02 by C$1.69. Everfront Ventures Corp had a return on equity of 7.43% and a net margin of 5.05%. The company had revenue of C$70.60 million for the quarter, compared to the consensus estimate of C$70.43 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis.
Everfront Ventures Corp declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 2nd that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the company to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 14th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.48%. The ex-dividend date is Wednesday, December 13th.
In related news, insider Andrew Jong Soo Ryu acquired 1,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average cost of C$0.07 per share, for a total transaction of C$70,000.00. Also, CFO Christopher T. Young sold 14,616 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of C$5.55, for a total value of C$81,118.80. The disclosure for this sale can be found here.
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Everfront Ventures Corp 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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