Entravision Communications’ (EVC) “Hold” Rating Reiterated at Noble Financial

Noble Financial reiterated their hold rating on shares of Entravision Communications (NYSE:EVC) in a research note issued to investors on Friday.

A number of other analysts have also commented on the company. ValuEngine lowered Entravision Communications from a buy rating to a hold rating in a research report on Monday, April 2nd. TheStreet lowered Entravision Communications from a b- rating to a c rating in a report on Friday, March 23rd. Finally, Zacks Investment Research lowered Entravision Communications from a hold rating to a sell rating in a report on Friday, March 16th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Entravision Communications has a consensus rating of Hold and an average target price of $7.00.

Shares of Entravision Communications stock opened at $4.80 on Friday. Entravision Communications has a one year low of $4.35 and a one year high of $7.90. The stock has a market capitalization of $436.52, a P/E ratio of 2.77 and a beta of 1.39. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.64 and a quick ratio of 5.64.

Entravision Communications (NYSE:EVC) last issued its earnings results on Wednesday, March 14th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Entravision Communications had a net margin of 32.89% and a return on equity of 59.55%. The firm had revenue of $73.50 million during the quarter, compared to the consensus estimate of $71.56 million. During the same period in the previous year, the firm earned $0.08 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis. analysts expect that Entravision Communications will post 0.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Monday, March 19th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Friday, March 16th. Entravision Communications’s dividend payout ratio is currently 11.56%.

Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in Entravision Communications during the 4th quarter worth approximately $107,000. Virtu Financial LLC bought a new stake in Entravision Communications during the 4th quarter worth approximately $110,000. Stone Ridge Asset Management LLC bought a new stake in Entravision Communications during the 4th quarter worth approximately $144,000. Teacher Retirement System of Texas bought a new stake in Entravision Communications during the 4th quarter worth approximately $161,000. Finally, Wedge Capital Management L L P NC bought a new stake in Entravision Communications during the 4th quarter worth approximately $173,000. 63.82% of the stock is owned by hedge funds and other institutional investors.

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About Entravision Communications

Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms in the United States and certain border markets of Mexico. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.

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