Noble Financial Reaffirms “Buy” Rating for Entravision Communications Corporation (EVC)

Entravision Communications Corporation (NYSE:EVC)‘s stock had its “buy” rating reissued by equities research analysts at Noble Financial in a research note issued to investors on Friday.

Several other brokerages also recently commented on EVC. Zacks Investment Research upgraded shares of Entravision Communications Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub downgraded shares of Entravision Communications Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. ValuEngine upgraded shares of Entravision Communications Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Macquarie restated a “hold” rating and issued a $7.00 price target on shares of Entravision Communications Corporation in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.00.

Shares of Entravision Communications Corporation (NYSE:EVC) opened at $5.10 on Friday. The company has a market cap of $465.65 million, a P/E ratio of 24.52 and a beta of 1.50. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.70 and a current ratio of 2.70.

Entravision Communications Corporation (NYSE:EVC) last released its earnings results on Thursday, November 2nd. The company reported $1.71 EPS for the quarter, beating the consensus estimate of $0.04 by $1.67. The business had revenue of $70.60 million during the quarter, compared to analyst estimates of $70.43 million. Entravision Communications Corporation had a net margin of 7.03% and a return on equity of 10.05%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 earnings per share. research analysts anticipate that Entravision Communications Corporation will post 0.09 EPS for the current fiscal year.

Entravision Communications Corporation announced that its Board of Directors has approved a stock buyback plan on Wednesday, August 2nd that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

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In other Entravision Communications Corporation news, CFO Christopher T. Young sold 14,616 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $5.55, for a total value of $81,118.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Mario M. Carrera sold 70,702 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $5.63, for a total transaction of $398,052.26. The disclosure for this sale can be found here. 20.72% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Prudential Financial Inc. lifted its position in Entravision Communications Corporation by 17.1% in the 1st quarter. Prudential Financial Inc. now owns 19,904 shares of the company’s stock worth $123,000 after buying an additional 2,900 shares in the last quarter. OLD National Bancorp IN purchased a new stake in Entravision Communications Corporation in the 2nd quarter worth approximately $132,000. KCG Holdings Inc. purchased a new stake in Entravision Communications Corporation in the 1st quarter worth approximately $139,000. Gotham Asset Management LLC purchased a new stake in Entravision Communications Corporation in the 1st quarter worth approximately $158,000. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in Entravision Communications Corporation in the 1st quarter worth approximately $156,000. Institutional investors own 58.43% of the company’s stock.

About Entravision Communications Corporation

Entravision Communications Corporation is a media company. The Company reaches and engages Hispanics in the United States and certain border markets of Mexico across media channels and advertising platforms. The Company operates through three segments: television broadcasting, radio broadcasting and digital media.

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