Entravision Communications Corporation Announces Quarterly Dividend of $0.05 (NYSE:EVC)

Key Points

• Entravision Communications declared a quarterly dividend of $0.05 per share, payable September 30 to shareholders of record on September 16. The dividend implies an annualized yield of approximately 1.7%.
• The company reported quarterly EPS of $0.19, exceeding the $0.10 consensus estimate, while revenue of $227.9 million also surpassed expectations of $121.49 million.
• Despite the earnings beat, analyst sentiment remains negative: MarketBeat reports a consensus “Sell” rating, and Entravision shares opened at $11.73 after declining 2.0%.

Entravision Communications Corporation (NYSE:EVC - Get Free Report) declared a quarterly dividend on Monday, August 10th. Shareholders of record on Wednesday, September 16th will be paid a dividend of 0.05 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 16th.

Entravision Communications has increased its dividend payment by an average of 0.1%per year over the last three years.

Entravision Communications Stock Down 2.0%

Shares of NYSE EVC opened at $11.73 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.19. Entravision Communications has a 12 month low of $1.95 and a 12 month high of $13.74. The firm has a market capitalization of $1.08 billion, a PE ratio of -53.32 and a beta of 1.72. The firm has a fifty day simple moving average of $10.90 and a two-hundred day simple moving average of $6.62.

Entravision Communications (NYSE:EVC - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.10 by $0.09. The firm had revenue of $227.90 million during the quarter, compared to analysts' expectations of $121.49 million. Entravision Communications had a negative net margin of 3.41% and a negative return on equity of 25.31%.

Wall Street Analysts Forecast Growth

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

Entravision Communications Company Profile

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.

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