News stories about Entercom Communications (NYSE:ETM) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Entercom Communications earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.4881545243527 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
Shares of ETM traded up $0.10 during midday trading on Tuesday, reaching $7.70. The stock had a trading volume of 22,143 shares, compared to its average volume of 2,505,191. Entercom Communications has a 52 week low of $6.30 and a 52 week high of $12.43. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market capitalization of $1.11 billion, a PE ratio of -17.11 and a beta of 0.93.
Entercom Communications (NYSE:ETM) last posted its quarterly earnings data on Tuesday, May 8th. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.17). Entercom Communications had a negative return on equity of 1.44% and a net margin of 28.86%. The firm had revenue of $300.60 million during the quarter, compared to the consensus estimate of $316.70 million. During the same period in the prior year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 208.3% on a year-over-year basis. equities research analysts forecast that Entercom Communications will post 0.99 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Wednesday, June 13th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Tuesday, June 12th. Entercom Communications’s dividend payout ratio is presently -80.00%.
A number of analysts have recently commented on the company. ValuEngine raised Entercom Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, May 8th. Zacks Investment Research downgraded Entercom Communications from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 10th. Noble Financial downgraded Entercom Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. Finally, Stephens dropped their price objective on Entercom Communications from $12.00 to $8.00 and set a “hold” rating on the stock in a research note on Monday, June 4th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Entercom Communications currently has a consensus rating of “Hold” and a consensus target price of $10.00.
In related news, CRO Robert E. Philips bought 6,289 shares of the business’s stock in a transaction dated Thursday, May 17th. The shares were bought at an average cost of $7.95 per share, with a total value of $49,997.55. Following the completion of the transaction, the executive now directly owns 71,224 shares of the company’s stock, valued at $566,230.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Joseph M. Field bought 375,000 shares of the business’s stock in a transaction dated Wednesday, April 11th. The shares were bought at an average cost of $9.70 per share, for a total transaction of $3,637,500.00. Following the completion of the transaction, the chairman now directly owns 5,636,897 shares of the company’s stock, valued at $54,677,900.90. The disclosure for this purchase can be found here. Insiders have bought 3,012,038 shares of company stock worth $25,352,124 over the last ninety days. 10.19% of the stock is owned by insiders.
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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