Zacks: Brokerages Expect Entravision Communication (EVC) to Post -$0.01 EPS

Equities analysts expect Entravision Communication (NYSE:EVC) to post ($0.01) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Entravision Communication’s earnings. Entravision Communication posted earnings per share of $0.03 during the same quarter last year, which suggests a negative year-over-year growth rate of 133.3%. The company is expected to announce its next quarterly earnings report on Thursday, May 3rd.

On average, analysts expect that Entravision Communication will report full year earnings of $0.13 per share for the current financial year. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Entravision Communication.

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Entravision Communication (NYSE:EVC) last issued its earnings results on Wednesday, March 14th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $73.50 million for the quarter, compared to analysts’ expectations of $71.56 million. Entravision Communication had a net margin of 32.89% and a return on equity of 66.33%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 earnings per share.

A number of research analysts have commented on EVC shares. Zacks Investment Research lowered Entravision Communication from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Noble Financial lowered Entravision Communication from a “buy” rating to a “hold” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $7.00.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVC. BlackRock Inc. raised its position in Entravision Communication by 117.4% during the 4th quarter. BlackRock Inc. now owns 9,076,176 shares of the company’s stock valued at $64,894,000 after purchasing an additional 4,900,809 shares during the last quarter. Millennium Management LLC raised its position in Entravision Communication by 373.3% during the 4th quarter. Millennium Management LLC now owns 1,972,143 shares of the company’s stock valued at $14,101,000 after purchasing an additional 1,555,499 shares during the last quarter. Two Sigma Investments LP raised its position in Entravision Communication by 399.2% during the 4th quarter. Two Sigma Investments LP now owns 959,644 shares of the company’s stock valued at $6,861,000 after purchasing an additional 767,414 shares during the last quarter. Bogle Investment Management L P DE bought a new position in Entravision Communication during the 4th quarter valued at approximately $5,482,000. Finally, Renaissance Technologies LLC raised its position in shares of Entravision Communication by 39.0% in the 4th quarter. Renaissance Technologies LLC now owns 2,585,752 shares of the company’s stock worth $18,488,000 after acquiring an additional 725,252 shares in the last quarter. 63.79% of the stock is owned by institutional investors and hedge funds.

Entravision Communication (NYSE:EVC) opened at $5.15 on Friday. The company has a market capitalization of $567.02, a P/E ratio of 2.68 and a beta of 1.51. The company has a current ratio of 6.93, a quick ratio of 6.93 and a debt-to-equity ratio of 0.83. Entravision Communication has a 52-week low of $4.95 and a 52-week high of $7.90.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Monday, March 19th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Friday, March 16th. Entravision Communication’s payout ratio is 10.42%.

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Entravision Communication 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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