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

Key Points

• Entravision declared a $0.05 quarterly dividend payable June 30 to shareholders of record June 16, implying a 3.0% yield.
• The company reported Q1 EPS of $0.13 (vs. $0.10 est.) and revenue of $196.97M (vs. $121.49M est.), but remains unprofitable with negative ROE (−37.01%) and net margin (−17.69%) and a debt-to-equity of 2.65.
• Institutional investors own about 69.46% of the stock, with recent sizable stake increases by Segall Bryant (+265%) and Goldman Sachs (+59.5%).

Entravision Communications Corporation (NYSE:EVC - Get Free Report) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Tuesday, June 16th will be given a dividend of 0.05 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, June 16th.

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

Entravision Communications Stock Performance

NYSE:EVC opened at $6.73 on Wednesday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.51 and a quick ratio of 1.51. Entravision Communications has a 1 year low of $1.81 and a 1 year high of $6.83. The stock's 50 day simple moving average is $3.24 and its two-hundred day simple moving average is $2.98. The company has a market cap of $618.98 million, a price-to-earnings ratio of -7.63 and a beta of 1.36.

Entravision Communications (NYSE:EVC - Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.03. Entravision Communications had a negative return on equity of 37.01% and a negative net margin of 17.69%.The firm had revenue of $196.97 million during the quarter, compared to the consensus estimate of $121.49 million.

Hedge Funds Weigh In On Entravision Communications

Institutional investors and hedge funds have recently made changes to their positions in the business. Segall Bryant & Hamill LLC increased its holdings in shares of Entravision Communications by 265.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 572,089 shares of the company's stock worth $1,333,000 after buying an additional 415,348 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Entravision Communications by 59.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 775,566 shares of the company's stock valued at $2,272,000 after acquiring an additional 289,451 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Entravision Communications in the fourth quarter worth about $521,000. Walleye Capital LLC bought a new stake in Entravision Communications during the fourth quarter worth approximately $311,000. Finally, Corsair Capital Management L.P. increased its stake in Entravision Communications by 68.5% during the fourth quarter. Corsair Capital Management L.P. now owns 221,504 shares of the company's stock worth $649,000 after acquiring an additional 90,023 shares during the last quarter. 69.46% of the stock is owned by hedge funds and other institutional investors.

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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