News headlines about Entercom Communications (NYSE:ETM) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Entercom Communications earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.7803513941691 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern’s analysis:

Entercom Communications (NYSE ETM) opened at $11.65 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.23. Entercom Communications has a 52-week low of $9.45 and a 52-week high of $16.55. The company has a market cap of $1,610.00, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 6.24 and a beta of 1.09.

Entercom Communications (NYSE:ETM) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. Entercom Communications had a net margin of 2.69% and a return on equity of 8.67%. The firm had revenue of $122.30 million during the quarter, compared to analysts’ expectations of $120.76 million. During the same period in the previous year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. equities analysts predict that Entercom Communications will post 0.84 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Monday, November 27th. Entercom Communications’s dividend payout ratio is currently 144.00%.

Entercom Communications announced that its board has authorized a share buyback program on Thursday, November 2nd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 22.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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

In related news, Chairman Joseph M. Field purchased 180,282 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was acquired at an average price of $11.72 per share, with a total value of $2,112,905.04. Following the completion of the purchase, the chairman now directly owns 3,529,177 shares in the company, valued at $41,361,954.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Joseph M. Field purchased 50,000 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was bought at an average cost of $11.79 per share, with a total value of $589,500.00. Following the purchase, the chairman now owns 3,762,621 shares of the company’s stock, valued at $44,361,301.59. The disclosure for this purchase can be found here. Insiders have bought 423,444 shares of company stock valued at $4,978,398 in the last three months. Insiders own 32.57% 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.

Insider Buying and Selling by Quarter for Entercom Communications (NYSE:ETM)

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