The Entercom Communications Corp. (NYSE:ETM) is going up by 6.98% in today’s trading session, a rise equivalent to 0.24% of the stock’s price from yesterday’s market close. A news came out on 08/09/19 stating that Entercom Communications Corp. Reduces Quarterly Dividend to Reallocate Capital to Share Repurchases and Accelerated Deleveraging by WSJ. The lowest point that the shares touched during the trading session was $3.39, while the peak of the day was recorded at a share price of $3.59. ETM finished the previous session at $3.44 according to the data provided by Barchart, while the trading volume was observed to be $1,019,317.
In the 100 days of trading, ETM managed to top a 5.83% Moving average. Additionally, Entercom Communications Corp. shares have achieved a 52-week range between 2.94 and 8.30 alongside 100 days raw stochastic set at 17.34%.
The number of shares outstanding, according to the fundamentals of the company, is set at 138.98M, equal to the value of $478.09M in market capitalization. Financial analysts indicate that ETM shares should be still ranked as a “Buy”. In the last 30 days, Entercom Communications Corp. shares went down by -40.31%, adding 6.14 to growth in value, on top of a +24.66% boost since 07/15/19.
Entercom Communications Corp. (NYSE:ETM) Analyst’s Estimates
Entercom Communications Corp. (ETM) could record at least $0.31 per share in quarterly earnings in the upcoming report on 11/11/2019, a number that would actually represent an increase of 19.31% YOY.
According to the average analyst rating, Entercom Communications Corp. would be rated as 1.50. Out of 4 different analysts monitoring ETM stock, 2 analysts rate the stock as a BUY, 0 suggest to give the rating of HOLD, 2 indicate that ETM is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On Apr-18-19, the stock earned a Initiated rating due to a new analyst call from B. Riley FBR, while analysts from Guggenheim believe that the stock is set at Buy, as concluded on Nov-01-18. Wells Fargo, is still rather wary about the stock, deciding to keep the rating at Outperform as confirmed through a call on Aug-18-15.
Regardless of the rating, RBC Capital Mkts did increase their price from $3 to $3.50 as they are considering target share price analysis. RBC Capital Mkts, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on May-11-09, giving the stock a Sector Perform rating.
ETM Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +21.81% has been attained, while the operating margin has been recorded at +17.06%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -8.27%. Beta value of the stock is recorded at 1.33. Additionally, Entercom Communications Corp. is recording price volatility of 8.30% for the period of the last seven days and 6.38% in the last 30 days.
Entercom Communications Corp. (NYSE:ETM) Technical Outlook
For the period of the last 50 days, Entercom Communications Corp. had its Raw Stochastic average set at 21.51% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 25.17%. Stochastic %K for Entercom Communications Corp., with the last 20 days included, was set at 21.52%, having Stochastic %D topping 18.83%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Entercom Communications Corp. stocks with recording -54.44% in metrics.
Entercom Communications Corp. Insider Watch:
As far as the position of shares issued by Entercom Communications Corp. (NYSE:ETM) for the period concluded at the market close of 08/14/19, 90 institutional investors increased their positions in ETM shares by 13,011,884, 88 decreased positions by 12,710,830 and 38 institutional investors decided to hold positions at 88,896,006. These numbers put the complete list of institutional holdings set at 114,618,720 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 25 institutional investments with 3,194,535 new shares in addition to having 27 institutional investors selling their positions in 1,590,434 shares.