Entravision Communications (NYSE:EVC) Announces Earnings Results

Key Points

• Entravision Communications beat quarterly expectations: The company reported EPS of $0.19 versus analysts’ $0.10 consensus and revenue of $227.90 million, ahead of the $121.49 million estimate. Despite the beat, it posted a negative net margin of 3.41%.
• Shares traded at $11.73, down $0.24, with the stock near its 52-week high of $13.74. MarketBeat lists a consensus “Sell” rating, despite one recent upgrade to “Buy.”
• Insiders have been selling shares: Insiders sold 3.32 million shares worth approximately $28.4 million over the past 90 days, while institutional investors own 69.46% of the company.

Entravision Communications (NYSE:EVC - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.09, FiscalAI reports. The firm had revenue of $227.90 million for the quarter, compared to the consensus estimate of $121.49 million. Entravision Communications had a negative net margin of 3.41% and a negative return on equity of 25.31%.

Entravision Communications Stock Performance

Shares of NYSE EVC traded down $0.24 during mid-day trading on Monday, reaching $11.73. 2,510,826 shares of the company's stock were exchanged, compared to its average volume of 1,510,263. The firm has a 50-day moving average price of $10.85 and a two-hundred day moving average price of $6.56. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -53.32 and a beta of 1.72. Entravision Communications has a 52 week low of $1.95 and a 52 week high of $13.74.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Entravision Communications from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. Weiss Ratings restated a "sell (d-)" rating on shares of Entravision Communications in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of "Sell".

Insider Activity

In related news, Director Paul A. Zevnik sold 324,686 shares of the firm's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $9.67, for a total transaction of $3,139,713.62. Following the completion of the sale, the director owned 2,107,582 shares in the company, valued at approximately $20,380,317.94. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Alexandra Seros sold 685,111 shares of Entravision Communications stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $8.71, for a total transaction of $5,967,316.81. Following the completion of the sale, the insider directly owned 8,974,750 shares in the company, valued at approximately $78,170,072.50. This represents a 7.09% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,321,690 shares of company stock valued at $28,397,148. 9.12% of the stock is owned by company insiders.

Hedge Funds Weigh In On Entravision Communications

Several institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in Entravision Communications in the first quarter worth $28,000. BNP Paribas Financial Markets grew its stake in shares of Entravision Communications by 86.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company's stock worth $29,000 after acquiring an additional 5,702 shares during the period. StoneX Group Inc. purchased a new stake in Entravision Communications in the 4th quarter worth about $35,000. Occudo Quantitative Strategies LP purchased a new stake in Entravision Communications in the 2nd quarter worth about $38,000. Finally, Vise Technologies Inc. bought a new stake in Entravision Communications in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 69.46% of the company's stock.

About Entravision Communications

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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