Entercom Communications Corporation (ETM) Earning Positive News Coverage, Study Shows
Media headlines about Entercom Communications Corporation (NYSE:ETM) have been trending positive this week, Alpha One Sentiment reports. The research firm, a service of Accern, ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Entercom Communications Corporation earned a coverage optimism score of 0.25 on Alpha One’s scale. Alpha One also gave media headlines about the company an impact score of 82 out of 100, indicating that recent news coverage is very likely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Alpha One Sentiment’s scoring:
- Downtrend Call Working As Entercom Communications Stock Falls 28.5% (ETM) (mysmartrend.com)
- Insider Buying: Entercom Communications Corporation (ETM) Chairman Acquires 1,596 Shares of Stock (americanbankingnews.com)
- Entercom Communications : Portland Appoints Bill Ashenden as Vice President and Market Manager (4-traders.com)
- Entercom Communications Corporation (ETM) versus Pandora Media (P) Critical Review (americanbankingnews.com)
- Reviewing Entercom Communications Corp. (ETM) and Pandora Media (P) (americanbankingnews.com)
A number of research firms recently commented on ETM. Zacks Investment Research cut Entercom Communications Corporation from a “hold” rating to a “sell” rating in a research note on Friday, February 24th. Noble Financial restated a “buy” rating on shares of Entercom Communications Corporation in a research report on Thursday, May 11th. TheStreet lowered shares of Entercom Communications Corporation from a “b” rating to a “c” rating in a research report on Monday, May 8th. Finally, ValuEngine lowered shares of Entercom Communications Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.
Shares of Entercom Communications Corporation (ETM) traded up 2.51% during trading on Friday, hitting $10.20. 622,956 shares of the company’s stock were exchanged. The stock has a market cap of $415.26 million, a P/E ratio of 18.02 and a beta of 1.29. Entercom Communications Corporation has a one year low of $9.60 and a one year high of $16.55. The firm has a 50-day moving average price of $10.39 and a 200-day moving average price of $13.62.
Entercom Communications Corporation (NYSE:ETM) last issued its quarterly earnings results on Monday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.01. Entercom Communications Corporation had a net margin of 5.27% and a return on equity of 8.79%. The company had revenue of $97.50 million for the quarter, compared to analyst estimates of $97.01 million. During the same quarter in the previous year, the company posted $0.09 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities research analysts expect that Entercom Communications Corporation will post $0.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Friday, May 26th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, May 24th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.94%. Entercom Communications Corporation’s payout ratio is currently 53.57%.
In other news, Chairman Joseph M. Field purchased 151,545 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were purchased at an average cost of $9.84 per share, with a total value of $1,491,202.80. Following the completion of the acquisition, the chairman now owns 1,006,844 shares of the company’s stock, valued at approximately $9,907,344.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Joseph M. Field purchased 219,073 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were purchased at an average cost of $10.07 per share, for a total transaction of $2,206,065.11. Following the completion of the acquisition, the chairman now directly owns 1,006,844 shares of the company’s stock, valued at approximately $10,138,919.08. The disclosure for this purchase can be found here. Insiders bought 576,662 shares of company stock worth $5,712,033 in the last quarter. Company insiders own 32.57% of the company’s stock.
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Entercom Communications Corporation 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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