Entercom Communications Corp. (NYSE:ETM) has earned an average broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and two have given a strong buy recommendation to the company.

Brokerages have set a twelve-month consensus price target of $14.00 for the company, according to Zacks. Zacks has also assigned Entercom Communications an industry rank of 205 out of 265 based on the ratings given to its competitors.

Separately, Noble Financial reiterated a “buy” rating on shares of Entercom Communications in a research report on Monday, November 27th.

Entercom Communications (NYSE ETM) traded up $0.45 during mid-day trading on Monday, hitting $11.25. 3,608,261 shares of the stock traded hands, compared to its average volume of 1,280,474. The firm has a market capitalization of $439.87, a price-to-earnings ratio of 13.33, a PEG ratio of 5.81 and a beta of 1.09. Entercom Communications has a twelve month low of $9.45 and a twelve month high of $16.55. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.23.

Entercom Communications (NYSE:ETM) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. The business had revenue of $122.30 million for the quarter, compared to analyst estimates of $120.76 million. Entercom Communications had a net margin of 2.69% and a return on equity of 8.67%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 earnings per share. sell-side analysts expect that Entercom Communications will post 0.93 EPS for the current year.

Entercom Communications announced that its Board of Directors has initiated a share buyback program on Thursday, November 2nd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 22.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 28th will be given a dividend of $0.09 per share. The ex-dividend date is Monday, November 27th. This represents a $0.36 dividend on an annualized basis and a yield of 3.20%. Entercom Communications’s dividend payout ratio (DPR) is currently 138.46%.

In other news, Chairman Joseph M. Field bought 180,282 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were purchased at an average price of $11.72 per share, for a total transaction of $2,112,905.04. Following the completion of the transaction, the chairman now owns 3,529,177 shares in the company, valued at $41,361,954.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Joseph M. Field bought 168,162 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were purchased at an average price of $11.81 per share, for a total transaction of $1,985,993.22. Following the transaction, the chairman now owns 3,762,621 shares of the company’s stock, valued at approximately $44,436,554.01. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 423,444 shares of company stock worth $4,978,398. 32.57% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in shares of Entercom Communications by 7.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,399,135 shares of the company’s stock valued at $45,531,000 after purchasing an additional 287,581 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Entercom Communications by 35.5% in the 2nd quarter. Northern Trust Corp now owns 1,465,228 shares of the company’s stock valued at $15,165,000 after purchasing an additional 383,788 shares during the last quarter. Gruss Capital Management LP boosted its holdings in shares of Entercom Communications by 661.7% in the 3rd quarter. Gruss Capital Management LP now owns 1,409,235 shares of the company’s stock valued at $16,136,000 after purchasing an additional 1,224,235 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Entercom Communications by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,070,924 shares of the company’s stock valued at $11,083,000 after purchasing an additional 47,449 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of Entercom Communications in the 3rd quarter valued at $9,455,000. Hedge funds and other institutional investors own 65.97% of the company’s stock.

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Entercom Communications 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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