Entercom Communications (ETM) Set to Announce Earnings on Wednesday

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Entercom Communications (NYSE:ETM) is set to announce its earnings results before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.28 per share for the quarter.

Entercom Communications stock opened at $5.23 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.48. The business’s 50-day moving average price is $5.86. The stock has a market capitalization of $743.00 million, a price-to-earnings ratio of 6.23 and a beta of 1.21. Entercom Communications has a 1-year low of $5.08 and a 1-year high of $8.60.

In related news, Chairman Joseph M. Field acquired 300,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was acquired at an average cost of $5.89 per share, for a total transaction of $1,767,000.00. Following the completion of the acquisition, the chairman now directly owns 30,125 shares of the company’s stock, valued at approximately $177,436.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Joseph M. Field acquired 56,476 shares of the stock in a transaction on Friday, June 21st. The stock was bought at an average price of $6.00 per share, with a total value of $338,856.00. Following the completion of the acquisition, the chairman now directly owns 30,125 shares of the company’s stock, valued at $180,750. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 1,186,476 shares of company stock valued at $7,047,356. 14.04% of the stock is currently owned by company insiders.

A number of analysts have recently weighed in on ETM shares. ValuEngine lowered shares of Entercom Communications from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 1st. B. Riley started coverage on shares of Entercom Communications in a report on Thursday, April 18th. They set a “buy” rating and a $7.75 target price for the company. Finally, Zacks Investment Research upgraded shares of Entercom Communications from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Entercom Communications has an average rating of “Buy” and an average price target of $5.14.

Entercom Communications Company Profile

Entercom Communications Corp., a media and entertainment company, engages in radio broadcasting business in the United States. 3 The company owns and operates radio stations in various formats, such as news, sports, talk, classic rock, urban, adult contemporary, alternative, country, and others. As of February 11, 2019, it had a portfolio of approximately 235 radio stations, digital platforms, and live events.

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Earnings History for Entercom Communications (NYSE:ETM)

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