Brokerages forecast that Entravision Communication (NYSE:EVC) will post $0.06 earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Entravision Communication’s earnings. Entravision Communication reported earnings of $0.04 per share in the same quarter last year, which would indicate a positive year over year growth rate of 50%. The company is expected to issue its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Entravision Communication will report full-year earnings of $0.25 per share for the current year. For the next financial year, analysts expect that the firm will post earnings of $0.18 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Entravision Communication.

Entravision Communication (NYSE:EVC) last released its quarterly earnings results on Wednesday, May 15th. The company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.05. The company had revenue of $64.68 million for the quarter. Entravision Communication had a return on equity of 3.82% and a net margin of 5.21%.

EVC has been the topic of a number of recent analyst reports. Zacks Investment Research cut Entravision Communication from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Noble Financial reaffirmed a “buy” rating and set a $6.00 price target on shares of Entravision Communication in a report on Friday, May 10th.

In other news, Director Gilbert R. Vasquez bought 100,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were purchased at an average price of $3.07 per share, with a total value of $307,000.00. Following the completion of the acquisition, the director now directly owns 415,169 shares in the company, valued at $1,274,568.83. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.38% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its holdings in shares of Entravision Communication by 11.7% in the fourth quarter. American Century Companies Inc. now owns 5,526,329 shares of the company’s stock valued at $16,082,000 after buying an additional 579,850 shares in the last quarter. AJO LP grew its position in Entravision Communication by 313.7% during the 1st quarter. AJO LP now owns 360,782 shares of the company’s stock worth $1,169,000 after purchasing an additional 273,565 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Entravision Communication by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,068,290 shares of the company’s stock worth $14,749,000 after purchasing an additional 252,984 shares in the last quarter. JPMorgan Chase & Co. grew its position in Entravision Communication by 12.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,238,716 shares of the company’s stock worth $7,253,000 after purchasing an additional 240,839 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in Entravision Communication by 27.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 814,252 shares of the company’s stock worth $2,369,000 after purchasing an additional 174,227 shares in the last quarter. 58.61% of the stock is currently owned by hedge funds and other institutional investors.

EVC opened at $2.96 on Thursday. The company’s 50 day simple moving average is $3.02. The company has a market capitalization of $250.27 million, a PE ratio of 22.77 and a beta of 1.18. The company has a debt-to-equity ratio of 0.86, a quick ratio of 4.35 and a current ratio of 4.35. Entravision Communication has a twelve month low of $2.56 and a twelve month high of $5.68.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.20 annualized dividend and a yield of 6.76%. Entravision Communication’s payout ratio is 153.85%.

About Entravision Communication

Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms primarily in the United States, Spain, Mexico, Argentina, and other Latin America countries. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.

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