Entravision Communications (NYSE:EVC) Posts 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) announced its quarterly earnings data on Tuesday. The company reported ($0.04) EPS for the quarter, Zacks reports. Entravision Communications had a negative net margin of 30.16% and a negative return on equity of 51.15%. The firm had revenue of $100.74 million for the quarter.

Entravision Communications Price Performance

Shares of NYSE:EVC traded up $0.04 during trading on Friday, hitting $2.41. 210,997 shares of the company were exchanged, compared to its average volume of 191,122. The business's 50 day moving average is $2.32 and its 200-day moving average is $2.13. The company has a market capitalization of $218.81 million, a P/E ratio of -1.82 and a beta of 1.57. The company has a quick ratio of 2.93, a current ratio of 2.48 and a debt-to-equity ratio of 1.91. Entravision Communications has a 1-year low of $1.58 and a 1-year high of $2.73.

Entravision Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.20 annualized dividend and a dividend yield of 8.3%. Entravision Communications's dividend payout ratio is -15.15%.

Institutional Inflows and Outflows

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

Entravision Communications Company Profile

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.