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.
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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