Media coverage about Entercom Communications (NYSE:ETM) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Entercom Communications earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.7368207689514 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
Several equities analysts have commented on ETM shares. Zacks Investment Research raised shares of Entercom Communications from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Monday, January 29th. Noble Financial reissued a “buy” rating on shares of Entercom Communications in a research note on Friday, March 9th. Finally, ValuEngine cut shares of Entercom Communications from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $12.00.
Entercom Communications stock opened at $9.70 on Friday. The stock has a market cap of $1,308.92, a price-to-earnings ratio of -21.56 and a beta of 1.09. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.02 and a current ratio of 2.02. Entercom Communications has a 52 week low of $9.25 and a 52 week high of $14.05.
Entercom Communications (NYSE:ETM) last released its earnings results on Thursday, March 8th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.12). The company had revenue of $246.61 million for the quarter, compared to analyst estimates of $276.82 million. Entercom Communications had a net margin of 39.55% and a return on equity of 0.08%. The firm’s quarterly revenue was up 98.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. research analysts forecast that Entercom Communications will post 1.33 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th were paid a dividend of $0.09 per share. The ex-dividend date was Tuesday, March 13th. This represents a $0.36 annualized dividend and a yield of 3.71%. Entercom Communications’s payout ratio is -80.00%.
In other Entercom Communications news, Chairman Joseph M. Field acquired 100,000 shares of Entercom Communications stock in a transaction dated Friday, March 9th. The stock was bought at an average price of $9.99 per share, for a total transaction of $999,000.00. Following the transaction, the chairman now owns 3,971,897 shares in the company, valued at approximately $39,679,251.03. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Joseph M. Field acquired 640,000 shares of Entercom Communications stock in a transaction dated Monday, March 26th. The shares were acquired at an average price of $9.59 per share, with a total value of $6,137,600.00. Following the transaction, the chairman now owns 4,971,897 shares in the company, valued at approximately $47,680,492.23. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,540,000 shares of company stock worth $15,058,600. 32.57% of the stock is owned by corporate insiders.
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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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