Headlines about Entercom Communications Corporation (NYSE:ETM) have been trending positive on Saturday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Entercom Communications Corporation earned a coverage optimism score of 0.33 on Accern’s scale. Accern also gave media stories about the company an impact score of 95 out of 100, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- Entercom Communications Corporation (NYSE:ETM) Releases Earnings Results, Beats Estimates By $0.07 EPS (americanbankingnews.com)
- Entercom Communications : posts 2Q profit (4-traders.com)
- Edited Transcript of ETM earnings conference call or presentation 28-Jul-17 2:00pm GMT (finance.yahoo.com)
- 28.8% Return Seen to Date on SmarTrend Entercom Comm-A Call (ETM) (mysmartrend.com)
- Entercom Communications Corp. : Investor Network: Entercom Communications Corp. to Host Earnings Call (4-traders.com)
Entercom Communications Corporation (ETM) traded down 3.40% during trading on Friday, hitting $9.95. 686,155 shares of the company’s stock were exchanged. The firm has a market cap of $405.08 million, a price-to-earnings ratio of 17.58 and a beta of 1.18. Entercom Communications Corporation has a 12-month low of $9.50 and a 12-month high of $16.55. The company’s 50-day moving average price is $10.02 and its 200 day moving average price is $12.49.
Entercom Communications Corporation (NYSE:ETM) last posted its earnings results on Friday, July 28th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.07. Entercom Communications Corporation had a net margin of 5.27% and a return on equity of 8.79%. The firm had revenue of $125 million during the quarter, compared to analyst estimates of $121.42 million. During the same period in the previous year, the firm earned $0.26 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. Equities analysts forecast that Entercom Communications Corporation will post $0.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Tuesday, August 15th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 3.02%. Entercom Communications Corporation’s dividend payout ratio is currently 53.57%.
Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Entercom Communications Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. ValuEngine lowered shares of Entercom Communications Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet lowered shares of Entercom Communications Corporation from a “b” rating to a “c” rating in a research report on Monday, May 8th. Finally, Noble Financial reiterated a “buy” rating on shares of Entercom Communications Corporation in a research report on Thursday, May 11th.
TRADEMARK VIOLATION WARNING: “Positive News Coverage Extremely Likely to Impact Entercom Communications Corporation (NYSE:ETM) Share Price” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.chaffeybreeze.com/2017/07/29/entercom-communications-corporation-nyseetm-given-daily-coverage-optimism-rating-of-0-33-updated-updated-updated.html.
In other news, Chairman Joseph M. Field bought 4,793 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were purchased at an average cost of $9.95 per share, for a total transaction of $47,690.35. Following the completion of the purchase, the chairman now owns 1,006,844 shares of the company’s stock, valued at $10,018,097.80. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Joseph M. Field purchased 135,832 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was acquired at an average cost of $9.73 per share, with a total value of $1,321,645.36. Following the completion of the acquisition, the chairman now directly owns 1,006,844 shares of the company’s stock, valued at $9,796,592.12. The disclosure for this purchase can be found here. Insiders purchased a total of 583,087 shares of company stock worth $5,775,962 in the last three months. 32.57% of the stock is owned by corporate insiders.
Entercom Communications Corporation Company Profile
Entercom Communications Corp. is a radio broadcasting company. The Company sells advertising time to local, regional and national advertisers and national network advertisers, purchasing spot commercials in varying lengths. It focuses on station-related digital platforms, which allow for audience interaction and participation, and integrated local digital marketing solutions and station events.
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