Entercom Communications Corp. (NYSE:ETM) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a 12 month consensus target price of $20.00 for the company and are forecasting that the company will post $0.22 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Entercom Communications Corp. an industry rank of 171 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Entercom Communications Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 29th.
In other news, VP Stephen F. Fisher sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $15.16, for a total transaction of $151,600.00. Following the sale, the vice president now owns 531,597 shares in the company, valued at approximately $8,059,010.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Andrew P. Iv Sutor sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $14.26, for a total value of $106,950.00. Following the sale, the insider now owns 64,177 shares in the company, valued at approximately $915,164.02. The disclosure for this sale can be found here. Insiders own 33.24% of the company’s stock.
Several large investors have recently made changes to their positions in ETM. Credit Suisse AG boosted its stake in shares of Entercom Communications Corp. by 6.5% in the third quarter. Credit Suisse AG now owns 19,424 shares of the company’s stock worth $252,000 after buying an additional 1,191 shares in the last quarter. Phocas Financial Corp. boosted its stake in shares of Entercom Communications Corp. by 6.6% in the third quarter. Phocas Financial Corp. now owns 604,935 shares of the company’s stock worth $7,828,000 after buying an additional 37,705 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Entercom Communications Corp. by 295.9% in the third quarter. Panagora Asset Management Inc. now owns 139,904 shares of the company’s stock worth $1,810,000 after buying an additional 104,568 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Entercom Communications Corp. during the third quarter worth about $257,000. Finally, Venator Capital Management Ltd. boosted its stake in shares of Entercom Communications Corp. by 11.6% in the third quarter. Venator Capital Management Ltd. now owns 2,238,560 shares of the company’s stock worth $28,967,000 after buying an additional 232,486 shares in the last quarter. Institutional investors own 45.05% of the company’s stock.
Entercom Communications Corp. (NYSE:ETM) traded up 1.94% during midday trading on Friday, reaching $15.80. 37,350 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $13.78 and a 200 day moving average price of $13.45. The company has a market cap of $641.64 million, a P/E ratio of 15.98 and a beta of 1.43. Entercom Communications Corp. has a 12 month low of $8.88 and a 12 month high of $15.98.
Entercom Communications Corp. (NYSE:ETM) last released its quarterly earnings results on Monday, November 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Entercom Communications Corp. had a return on equity of 9.34% and a net margin of 8.96%. The firm earned $120.50 million during the quarter, compared to the consensus estimate of $120.45 million. During the same quarter in the prior year, the firm posted $0.25 EPS. The business’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts anticipate that Entercom Communications Corp. will post $0.83 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Monday, November 28th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Wednesday, November 23rd. Entercom Communications Corp.’s dividend payout ratio is currently 30.61%.
Entercom Communications Corp. Company Profile
Entercom Communications Corp. is a radio broadcasting company. The Company has a portfolio of approximately 130 radio stations in over 30 markets across the United States. The Company operates through the radio broadcasting segment. The Company sells advertising time to local, regional and national advertisers and national network advertisers, engaged in purchasing spot commercials in varying lengths.