Entravision Communication (EVC) Announces Earnings Results

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Entravision Communication (NYSE:EVC) issued its quarterly earnings results on Wednesday. The company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.05, Fidelity Earnings reports. The business had revenue of $64.68 million for the quarter. Entravision Communication had a net margin of 4.08% and a return on equity of 3.30%.

EVC traded up $0.12 during trading on Thursday, reaching $3.06. 335,587 shares of the stock traded hands, compared to its average volume of 338,942. The company has a current ratio of 5.02, a quick ratio of 5.02 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $257.68 million, a P/E ratio of 23.54 and a beta of 1.31. Entravision Communication has a 12 month low of $2.56 and a 12 month high of $5.68.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 6.54%. Entravision Communication’s dividend payout ratio (DPR) is currently 153.85%.

A number of analysts have commented on EVC shares. ValuEngine raised shares of Entravision Communication from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research cut shares of Entravision Communication from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Finally, Noble Financial reaffirmed a “buy” rating and set a $6.00 price target on shares of Entravision Communication in a research report on Friday, May 10th.

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About Entravision Communication

Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms primarily in the United States, Spain, Mexico, Argentina, and other Latin America countries. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.

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Earnings History for Entravision Communication (NYSE:EVC)

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