News stories about Entercom Communications Corporation (NYSE:ETM) have been trending somewhat positive on Thursday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Entercom Communications Corporation earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.3762100462585 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Entercom Communications Corporation (ETM) traded down 2.50% during mid-day trading on Thursday, reaching $11.70. The company’s stock had a trading volume of 641,278 shares. Entercom Communications Corporation has a 12 month low of $9.45 and a 12 month high of $16.55. The company has a 50 day moving average price of $10.99 and a 200 day moving average price of $10.93. The stock has a market capitalization of $476.88 million, a P/E ratio of 26.23 and a beta of 1.13.
Entercom Communications Corporation (NYSE:ETM) last released its earnings results on Friday, July 28th. The company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.07. Entercom Communications Corporation had a net margin of 4.27% and a return on equity of 8.50%. The business had revenue of $125.00 million during the quarter, compared to analysts’ expectations of $121.42 million. During the same quarter last year, the company earned $0.26 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Entercom Communications Corporation will post $0.91 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 9.40%. The ex-dividend date was Friday, August 11th. Entercom Communications Corporation’s dividend payout ratio is 66.67%.
ETM has been the topic of several research reports. Noble Financial restated a “buy” rating on shares of Entercom Communications Corporation in a research note on Monday, July 31st. BidaskClub upgraded Entercom Communications Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th.
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About Entercom Communications Corporation
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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