Entravision Communications (NYSE:EVC) Releases Quarterly Earnings Results

Key Points

• Entravision Communications reported a quarterly loss of ($0.04) earnings per share, with a negative return on equity of 36.86% and a net margin of 39.08%.
• The company declared a quarterly dividend of $0.05, resulting in an annualized dividend of $0.20 and a yield of 8.8%.
• Institutional investors own 69.46% of Entravision Communications' stock, with notable increases in stakes from firms like Goldman Sachs and Jane Street Group.

Entravision Communications (NYSE:EVC - Get Free Report) issued its earnings results on Tuesday. The company reported ($0.04) earnings per share for the quarter, Zacks reports. Entravision Communications had a negative return on equity of 36.86% and a negative net margin of 39.08%.

Entravision Communications Stock Down 2.6%

Shares of NYSE:EVC traded down $0.06 during trading on Tuesday, hitting $2.28. The company's stock had a trading volume of 150,495 shares, compared to its average volume of 215,234. The company has a debt-to-equity ratio of 1.93, a quick ratio of 2.93 and a current ratio of 2.93. Entravision Communications has a fifty-two week low of $1.58 and a fifty-two week high of $2.73. The stock's 50-day moving average price is $2.30 and its two-hundred day moving average price is $2.13. The company has a market capitalization of $207.43 million, a PE ratio of -1.40 and a beta of 1.57.

Entravision Communications Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.05 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.20 annualized dividend and a dividend yield of 8.8%. Entravision Communications's payout ratio is -12.27%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its stake in Entravision Communications by 14.0% during the first quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company's stock valued at $1,251,000 after buying an additional 73,103 shares in the last quarter. Empowered Funds LLC raised its stake in Entravision Communications by 7.4% during the first quarter. Empowered Funds LLC now owns 470,465 shares of the company's stock valued at $988,000 after buying an additional 32,321 shares in the last quarter. Jane Street Group LLC raised its stake in Entravision Communications by 146.2% during the first quarter. Jane Street Group LLC now owns 38,070 shares of the company's stock valued at $80,000 after buying an additional 22,606 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Entravision Communications during the first quarter valued at approximately $28,000. Finally, MetLife Investment Management LLC raised its stake in Entravision Communications by 35.7% during the first quarter. MetLife Investment Management LLC now owns 26,568 shares of the company's stock valued at $56,000 after buying an additional 6,991 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company's stock.

About Entravision Communications

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.