Shares of Entravision Communications (NYSE:EVC) have been given an average rating of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $7.00.
EVC has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Entravision Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Noble Financial cut shares of Entravision Communications from a “buy” rating to a “hold” rating in a research note on Thursday, March 15th. ValuEngine upgraded shares of Entravision Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, March 27th. Finally, TheStreet cut shares of Entravision Communications from a “b-” rating to a “c” rating in a research note on Friday, March 23rd.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC acquired a new stake in shares of Entravision Communications in the fourth quarter valued at about $212,000. Gotham Asset Management LLC purchased a new position in Entravision Communications during the 4th quarter valued at about $793,000. Macquarie Group Ltd. purchased a new position in Entravision Communications during the 4th quarter valued at about $358,000. Jane Street Group LLC purchased a new position in Entravision Communications during the 4th quarter valued at about $679,000. Finally, Millennium Management LLC increased its holdings in Entravision Communications by 373.3% during the 4th quarter. Millennium Management LLC now owns 1,972,143 shares of the company’s stock valued at $14,101,000 after acquiring an additional 1,555,499 shares in the last quarter. Hedge funds and other institutional investors own 63.82% of the company’s stock.
Entravision Communications (NYSE:EVC) last released its earnings results on Wednesday, March 14th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). Entravision Communications had a return on equity of 66.33% and a net margin of 32.89%. The firm had revenue of $73.50 million during the quarter, compared to analyst estimates of $71.56 million. During the same quarter last year, the business posted $0.08 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. equities analysts forecast that Entravision Communications will post 0.13 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Monday, March 19th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Friday, March 16th. Entravision Communications’s dividend payout ratio (DPR) is 11.56%.
TRADEMARK VIOLATION WARNING: This report was reported by WKRB News and is the property of of WKRB News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://www.wkrb13.com/2018/04/01/entravision-communications-evc-given-consensus-recommendation-of-hold-by-analysts.html.
About Entravision Communications
Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms in the United States and certain border markets of Mexico. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.
Receive News & Ratings for Entravision Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entravision Communications and related companies with MarketBeat.com's FREE daily email newsletter.