The stock of Entravision Communications Corporation (NYSE:EVC) last traded at $5.62, up 4.27% from the previous session.
Data from the available sources indicates that Entravision Communications Corporation (NYSE:EVC) is covered by 3 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $10.50, we find $13.00. Given the previous closing price of $5.39, this indicates a potential upside of 141.19 percent. EVC stock price is now 24.04% away from the 50-day moving average and 7.36% away from the 200-day moving average. The market capitalization of the company currently stands at $457.92M.
In total, 0 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $12.83 as their price target over the next twelve months.
On January 17, 2017, Wedbush Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $9 to quote $7, while ‘Noble Financial’ rates the stock as ‘Buy’.
In other news, ZEVNIK PAUL A, Director bought 45,448 shares of the company’s stock on May 19. The stock was bought for $228,044 at an average price of $5.02. Upon completion of the transaction, the Director now directly owns 277,227 shares in the company, valued at $1.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 18, Director ZEVNIK PAUL A bought 91,164 shares of the business’s stock. A total of $455,246 was incurred on buying the stock at an average price of $4.99. This leaves the insider owning 231,779 shares of the company worth $1.3 million. Insiders disposed of 417,297 shares of company stock worth roughly $2.35 million over the past 1 year. A total of 2.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EVC stock. A new stake in Entravision Communications Corporation shares was purchased by BANK OF MONTREAL /CAN/ during the first quarter worth $1,432,000. CROWN ADVISORS MANAGEMENT, INC. invested $1,405,000 in shares of EVC during the first quarter. In the first quarter, ROBERTSON STEPHENS WEALTH MANAGEMENT, LLC acquired a new stake in Entravision Communications Corporation valued at approximately $433,000. ENGINEERS GATE MANAGER LP acquired a new stake in EVC for approximately $391,000. TREXQUANT INVESTMENT LP purchased a new stake in EVC valued at around $260,000 in the second quarter. In total, there are 174 active investors with 81.10% ownership of the company’s stock.
With an opening price of $5.33 on Friday morning, Entravision Communications Corporation (NYSE: EVC) set off the trading day. During the past 12 months, Entravision Communications Corporation has had a low of $3.96 and a high of $8.76. As of last week, the company has a debt-to-equity ratio of 0.80, a current ratio of 1.60, and a quick ratio of 1.60. The fifty day moving average price for EVC is $4.54 and a two-hundred day moving average price translates $5.24 for the stock.
The latest earnings results from Entravision Communications Corporation (NYSE: EVC) was released for Jun, 2022. According to the Broadcasting Company, earnings per share came in at $0.1, inline with analysts’ expectations of $0.1. This compares to $0.16 EPS in the same period last year. The net profit margin was 2.60% and return on equity was 9.20% for EVC. The company reported revenue of $241.01 million for the quarter, compared to $199.01 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.11 percent. For the current quarter, analysts expect EVC to generate $233.69M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/30/2022. Investors who held shares on 09/15/2022 were paid a $0.025 dividend. On an annualized basis, this represents a $0.10 dividend and a 1.78% percent yield. There was an ex-dividend date of 09/14/2022 for this dividend. In terms of dividend payout ratio, EVC is presently at 36.10%.
Entravision Communications Corporation(EVC) Company Profile
Entravision Communications Corporation operates as an advertising, media, and technology solutions company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics across acculturation levels and media channels. The company’s portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties. It also offers a suite of end-to-end digital advertising solutions, including digital commercial partnerships services, as well as advertising customers billing and technological and other support services, including strategic marketing and training; and Smadex, a programmatic ad purchasing platform that enables advertising customers or ad agencies to purchase advertising electronically and manage data-driven advertising campaigns through online marketplaces. In addition, the company provides a branding and mobile performance solutions, such as managed services to advertisers looking to connect with consumers on mobile devices; and digital audio advertising solutions for advertisers. Further, it sells advertisements and syndicated radio programming solutions through its Entravision radio network. As of March 3, 2022, the company had 50 television stations; and 46 Spanish-language radio stations. It serves advertisers from various industries, such as e-commerce, retail, entertainment, gaming, delivery services, financial technology, communications, lifestyle, and travel. The company was founded in 1996 and is headquartered in Santa Monica, California.