News coverage about Entercom Communications (NYSE:ETM) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Entercom Communications earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.9880738455665 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
ETM has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Entercom Communications from a “strong sell” rating to a “hold” rating in a research note on Thursday. Noble Financial reaffirmed a “buy” rating on shares of Entercom Communications in a research note on Monday, November 27th. Finally, ValuEngine lowered shares of Entercom Communications from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold”.
Shares of Entercom Communications (NYSE ETM) traded down $0.10 during midday trading on Monday, reaching $11.25. 924,400 shares of the company were exchanged, compared to its average volume of 2,291,646. The firm has a market cap of $458.20, a price-to-earnings ratio of 43.27, a PEG ratio of 4.98 and a beta of 1.10. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.21 and a current ratio of 2.21. Entercom Communications has a 12-month low of $9.45 and a 12-month high of $16.55.
Entercom Communications (NYSE:ETM) last announced its earnings results on Thursday, November 2nd. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. The firm had revenue of $122.30 million during the quarter, compared to analyst estimates of $120.76 million. Entercom Communications had a net margin of 2.69% and a return on equity of 8.67%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS. analysts expect that Entercom Communications will post 0.93 earnings per share for the current fiscal year.
Entercom Communications declared that its Board of Directors has authorized a share buyback program on Thursday, November 2nd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 22.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
In other Entercom Communications news, insider David J. Field acquired 25,000 shares of Entercom Communications stock in a transaction dated Friday, November 17th. The stock was bought at an average cost of $11.60 per share, for a total transaction of $290,000.00. Following the purchase, the insider now directly owns 1,823,072 shares in the company, valued at approximately $21,147,635.20. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Joseph M. Field acquired 168,162 shares of Entercom Communications stock in a transaction dated Monday, November 27th. The shares were acquired at an average price of $11.81 per share, with a total value of $1,985,993.22. Following the completion of the purchase, the chairman now owns 3,762,621 shares in the company, valued at $44,436,554.01. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 423,444 shares of company stock valued at $4,978,398. Company insiders own 32.57% of the company’s stock.
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About Entercom Communications
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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