Entravision Communications (NYSE:EVC) Announces Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Entravision Communications (NYSE:EVC) released its quarterly earnings data on Monday. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.10 by $0.09, FiscalAI reports. Entravision Communications had a negative net margin of 3.41% and a negative return on equity of 25.31%. The company had revenue of $227.90 million during the quarter, compared to the consensus estimate of $121.49 million.

Entravision Communications Price Performance

Entravision Communications stock traded down $0.24 during midday trading on Monday, reaching $11.73. 2,510,826 shares of the stock were exchanged, compared to its average volume of 1,510,263. The company’s fifty day moving average is $10.85 and its 200-day moving average is $6.56. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $1.08 billion, a PE ratio of -53.32 and a beta of 1.72. Entravision Communications has a 52 week low of $1.95 and a 52 week high of $13.74.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EVC shares. Wall Street Zen upgraded Entravision Communications from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Entravision Communications in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Entravision Communications currently has a consensus rating of “Sell”.

Insider Buying and Selling at Entravision Communications

In related news, major shareholder Alexandra Seros sold 685,111 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $8.71, for a total value of $5,967,316.81. Following the sale, the insider owned 8,974,750 shares in the company, valued at approximately $78,170,072.50. This trade represents a 7.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul A. Zevnik sold 324,686 shares of Entravision Communications stock in a transaction on Friday, June 12th. The shares were sold at an average price of $9.67, for a total value of $3,139,713.62. Following the sale, the director directly owned 2,107,582 shares of the company’s stock, valued at $20,380,317.94. This represents a 13.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 3,321,690 shares of company stock valued at $28,397,148. Insiders own 9.12% of the company’s stock.

Hedge Funds Weigh In On Entravision Communications

A number of institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC raised its holdings in shares of Entravision Communications by 24.0% in the 4th quarter. Hsbc Holdings PLC now owns 78,950 shares of the company’s stock valued at $231,000 after acquiring an additional 15,299 shares in the last quarter. XTX Topco Ltd increased its position in shares of Entravision Communications by 78.0% in the fourth quarter. XTX Topco Ltd now owns 18,526 shares of the company’s stock worth $54,000 after purchasing an additional 8,120 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in Entravision Communications in the fourth quarter valued at approximately $128,000. Corsair Capital Management L.P. raised its stake in Entravision Communications by 68.5% in the fourth quarter. Corsair Capital Management L.P. now owns 221,504 shares of the company’s stock valued at $649,000 after purchasing an additional 90,023 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Entravision Communications during the fourth quarter valued at approximately $521,000. 69.46% of the stock is currently owned by institutional investors.

About Entravision Communications

Entravision Communications Corporation (NYSE: EVC) is a diversified Spanish-language media and advertising company headquartered in Santa Monica, California. The company develops and distributes multimedia content tailored to Hispanic audiences across the United States, leveraging a combination of traditional broadcasting and digital platforms to reach consumers and marketers seeking to engage this fast-growing demographic.

In its broadcasting segment, Entravision owns and operates more than 50 television stations affiliated primarily with leading Spanish-language networks, as well as over 40 radio stations in key U.S.