Somewhat Favorable News Coverage Somewhat Unlikely to Impact Entercom Communications Corporation (ETM) Stock Price

News coverage about Entercom Communications Corporation (NYSE:ETM) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Entercom Communications Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.9709157187022 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Entercom Communications Corporation (NYSE:ETM) opened at 10.57 on Friday. The company has a 50-day moving average price of $10.12 and a 200-day moving average price of $11.37. Entercom Communications Corporation has a one year low of $9.45 and a one year high of $16.55. The company has a market capitalization of $431.03 million, a PE ratio of 23.71 and a beta of 1.13.

Entercom Communications Corporation (NYSE:ETM) last posted its quarterly earnings data on Friday, July 28th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The company had revenue of $125.00 million for the quarter, compared to analyst estimates of $121.42 million. Entercom Communications Corporation had a net margin of 4.27% and a return on equity of 8.50%. Entercom Communications Corporation’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 earnings per share. Analysts expect that Entercom Communications Corporation will post $0.91 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be paid a $0.275 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.10 dividend on an annualized basis and a yield of 10.40%. Entercom Communications Corporation’s dividend payout ratio is presently 66.67%.

A number of research firms have recently issued reports on ETM. BidaskClub upgraded Entercom Communications Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Noble Financial reaffirmed a “buy” rating on shares of Entercom Communications Corporation in a report on Monday, July 31st. Zacks Investment Research raised Entercom Communications Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, ValuEngine cut Entercom Communications Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.00.

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About Entercom Communications Corporation

Entercom Communications Corp. is a radio broadcasting company. The Company sells advertising time to local, regional and national advertisers and national network advertisers, purchasing spot commercials in varying lengths. It focuses on station-related digital platforms, which allow for audience interaction and participation, and integrated local digital marketing solutions and station events.

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