ETM - Entercom Communications Corp.
| Previous Close | 4.8800 |
| Open | 4.8700 |
| Bid | 4.7700 x 3200 |
| Ask | 4.7800 x 1000 |
| Day's Range | 4.7500 - 4.9000 |
| 52 Week Range | 2.9400 - 7.9400 |
| Volume | 633,543 |
| Avg. Volume | 1,071,258 |
| Market Cap | 640M |
| Beta (5Y Monthly) | 1.40 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -2.3270 |
| Earnings Date | Feb 20, 2020 - Feb 24, 2020 |
| Forward Dividend & Yield | 0.08 (1.65%) |
| Ex-Dividend Date | 2019-11-27 |
| 1y Target Est | 6.25 |
- Moody's
Entercom Communications Corp. -- Moody's affirms Entercom's B1 CFR and B2 rating on second lien notes; outlook stable
Moody's Investors Service (Moody's) affirmed Entercom Communications Corp.'s (Entercom) B1 Corporate Family Rating (CFR) and the B1-PD Probability of Default Rating (PDR) following the company's proposed transaction. The B2 rating on the upsized senior secured second lien notes issued by wholly owned subsidiary, Entercom Media Corp., was affirmed as was the Ba3 rating on the first lien senior secured credit facility, and B3 rating on the senior unsecured notes.
- Insider Monkey
Did Hedge Funds Drop The Ball On Entercom Communications Corp. (ETM) ?
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 12 months is one of those periods, as the Russell 2000 […]
- Business Wire
Entercom Announces Launch of $100 Million Add-On Offering of 6.500% Senior Secured Second-Lien Notes Due 2027
Entercom Communications Corp. (NYSE: ETM) ("Entercom"), a leading media and entertainment company and one of the two largest radio broadcasters in the United States, announced today that Entercom Media Corp. (formerly CBS Radio Inc.) (the "Issuer"), its wholly owned subsidiary, plans to offer, subject to market conditions and other factors, $100 million in aggregate principal amount of the Issuer’s 6.500% senior secured second-lien notes due 2027 (the "Additional Notes"). The Issuer expects to use the net proceeds of the offering to partially repay existing indebtedness under its senior secured term loan facility.
- Thomson Reuters StreetEvents
Edited Transcript of ETM earnings conference call or presentation 8-Nov-19 3:00pm GMT
Q3 2019 Entercom Communications Corp Earnings Call
- American City Business Journals
Cardinals extend radio deal with KMOX
The St. Louis Cardinals and the owner of radio station KMOX-AM said Friday that Cardinals games will continue to air on the station through the 2024 season as part of a five-year extension to their radio rights agreement.
- Business Wire
Entercom Communications Corp. Announces Quarterly Dividend
Entercom Communications Corp. announced today that its Board of Directors has approved a quarterly dividend on the Company’s stock of $0.02 per share. The dividend is payable on December 16, 2019 to shareholders of record as of the close of business on November 29, 2019.
- Simply Wall St.
Entercom Communications Corp. Just Reported And Analysts Have Been Lifting Their Price Targets
The investors in Entercom Communications Corp.'s (NYSE:ETM) will be rubbing their hands together with glee today...
- American City Business Journals
Entercom CEO David Field believes Wall Street undervalues company
The radio station operator's stock has tumbled over the last 18 months, but gained some momentum after its most recent quarter.
- TheStreet.com
Differing Post-Earnings Tales of 2 Small-Cap Underachievers
Shares of Stemline Therapeutics and Entercom Communications headed opposite directions last Friday after reporting results.
- Zacks
Lionsgate (LGF.A) Q2 Earnings Beat Estimates, Revenues Up Y/Y
Lionsgate's (LGF.A) second-quarter fiscal 2020 results reflect increased expenses related to STARZPLAY despite top-line growth.
- American City Business Journals
Entercom's stock soars as earnings exceed expectations
Entercom Communications Corp.’s stock price jumped by almost 18% Friday after third quarter earnings exceeded analyst estimates for the first time in over a year. The company reported a profit of $38.2 million, or 28 cents per share, beating the Zacks Consensus Estimate of 24 cents per share and representing a 3.4% increase from the same period last year. Minus political advertising — which has declined from 2018 due to the lack of midterm elections — revenue increased by 3%.
- Zacks
Entercom Communications (ETM) Tops Q3 Earnings and Revenue Estimates
Entercom Communications (ETM) delivered earnings and revenue surprises of 16.67% and 1.35%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
Entercom Communications Third Quarter Net Revenues Increase 2%
Adjusted EBITDA Increases 13% and Adjusted Net Income Per Share Increases 23%
- Zacks
Liberty Global (LBTYA) Q3 Earnings Improve Y/Y, Revenues Fall
Liberty Global's (LBTYA) third-quarter 2019 results reflect subscriber loss in the U.K./Ireland and Belgium markets.
- Zacks
Fox Corp (FOXA) Q1 Earnings & Revenues Beat Estimates, Up Y/Y
Fox's (FOXA) first-quarter fiscal 2020 results reflect solid affiliate fee revenues and other revenues.
- Zacks
DISH Network (DISH) Q3 Earnings Beat, Revenues Down Y/Y
DISH Network's (DISH) third-quarter 2019 results reflect lower Pay-TV subscriber addition despite an expanding Sling TV subscriber base.
- Zacks
Entercom Communications Corp. (ETM) Shares March Higher, Can It Continue?
As of late, it has definitely been a great time to be an investor in Entercom Communications Corp. (ETM).
- TipRanks
3 Under-the-Radar Stocks Top Insiders Are Snapping Up
Corporate insiders – company officers, board members, and hedge fund managers – are known to be careful about how they allocate their funds. After all, they are charged not just with running a company, but also with managing other people’s money; they have to be careful, or their shareholders will hold them accountable. So, when these insiders start making ‘informative buys,’ that is, buying out of pocket rather than cashing in expired options or adjusting holding amounts for tax purposes, the transactions are worth watching.We’ve turned to TipRanks \-- a Financial Accountability Engine that measures and ranks insiders based on their performance -- to look at the Top 25 Corporate Insiders, and find out what some of them are buying. The results are interesting.Three insiders, holding the number 4, 5, and 6 spots, have made recent informative purchases. None of the stocks involved is a big name, and none have attracted extensive analyst attention. Let’s pop the hood on these stocks, and see why these top insiders are feeling bullish.Entercom Communications (ETM) The Buggles famously sang, in the first music video aired on MTV, that ‘video killed the radio star.’ That was almost forty years ago, and while radio is not the dominant media force it once was, it is far from dead. Entercom is a major player in the radio broadcasting industry – its 235 stations in 48 separate media markets make it the second largest radio broadcast company in the US. And radio remains lucrative – ETM brought in $1.46 billion in revenue in 2018.David Field, Chairman of the Board, President, and CEO of Entercom is clearly in a position to know about the stock’s likely future position. He is also the 4 rated insider in TipRanks database, with an 81% success rate when buying ETM stock and an eye-opening 253% average return on his purchases. In his last informative purchase, back in May of this year, he loaded up with 30,000 shares in a transaction totaling $175,000.While this transaction has not yet yielded a profit, it’s interesting to note that 3-star analyst Steven Cahall, of Wells Fargo, initiated coverage of the stock earlier this fall, setting a Hold rating and a $4 price target. In his comments on the stock, Cahall wrote, “Having come through a bumpy integration period with CBS Radio, Entercom has left investor nerves frayed... We think sentiment can improve with a few quarters of putting points on the board. As such, we are initiating coverage with a Market Perform rating…” He added, “…we believe a good deal of the stock volatility can be tied back to the merger. The integration is a huge management undertaking, and, to its credit, synergies are exceeding expectations.” Even though he recommends a Hold, Cahall’s price target suggests an upside potential of 11% for this stock. (To watch Cahall's track record, click here)Overall, ETM has a Moderate Buy, but the consensus is based on just two rating, one Buy and one Hold. The stock sells for $3.59, and the average target price of $4.88 indicates an upside potential of 35%. (See Entercom stock analysis on TipRanks)Gray Television (GTN)Radio was largely superseded by television; Gray is a mid-sized player in the TV broadcasting industry. Gray owns 145 stations in the US, with a focus on small- and medium-sized markets. That there is profit in the small TV broadcast network is clear from Gray’s $1.08 billion in annual revenue and 2018 net income of $211 million.Back in August, Harriet Robinson, a ten percent shareholder in Gray, spent $112,000 buying up an additional 7,500 shares of the stock. She purchased at a price of $14.91 per share, so the stock’s current price of $17.37 represents a 16% profit on her purchase. In cash terms, her August purchase is now worth slightly more than $130,000. Overall, Robinson has a 79% success rate with her GTN purchases, and an average profit on the stock, since taking her first position, of 127%.From an analyst perspective, GTN is getting attention on the buy side. Wells Fargo’s Steven Cahall, quoted above, says, “The stock has pulled back considerably since last spring because of worse than expected ad guide, but its financial outlook has not changed meaningfully. We believe that expected 2020-21 revenue will be around 50% from retrans and political, and see the core ad pull back as an opportunistic entry point.” In short, this is the time to initiate coverage of this stock, because the low share price represents a good time to buy. Cahall gives it a $21 price target, implying a robust upside of 21%.GTN has a Strong Buy analyst consensus, with 4 Buys given in the last three months. The average price target of $24.25 suggests an upside potential of nearly 40% from the share price of $17.49. (See Gray Television stock analysis on TipRanks)Corbus Pharmaceuticals (CRBP)Corbus, a $335 million pharmaceutical company, is taking advantage of the opening up the cannabis industry. It focuses on development and marketing of new treatments and therapies for fibrotic and inflammatory diseases, using the endocannabinoid system-targeting synthetic drugs. In addition to the company’s leading product candidate, lenabasum, Corbus has more than 600 new endocannbinoid compounds in its research pipeline.A pharma company, with a marketable research line in a hot segment of the industry, is sure to catch interest from everyone, and Corbus CFO Sean Moran. He’s purchased 5,600 shares of the stock since May of last year, and has shown a 123% profit on his buys so far. Corbus is not the only company in which Moran makes insider purchases, but it does constitute 91% of his insider holdings. It also has the highest average return of his insider stock holdings.Chiming in on CRBP is RBC Capital’s 4-star analyst Brian Abrahams. Abrahams sees plenty of room for upside in this stock, after meeting with the upper management team early last month. He wrote on October 8, after the meeting, “We had the opportunity to spend time with CRBP's mgmt team… the company remains enthusiastic about the commercial prospects and potential partnership opportunities. We believe that as we enter 2020 and these catalysts continue to approach, the market will begin to better appreciate their multiple shots on goal and large market opportunity…” In line with his upbeat outlook, Abrahams set a $23 price target on CRBP, suggesting a whopping 341% upside potential. (To watch Abrahams' track record, click here)CRBP has not picked up much analyst attention in recent months, but it’s worth noting that Abraham’s recently reiterated $23 price target represents the low end of the outlook for this stock. Shares are priced at just $5.28, so the average target of $23.50 gives it a potential upside of 343%. Clearly, this cannabis-based pharmaceutical company is giving reason for optimism.To find other good ideas for stocks trading at fair value or better, visit TipRanks’ Best Stocks to Buy tool, a newly launched feature that unites all of TipRanks’ equity insights.
- Simply Wall St.
Introducing Entercom Communications (NYSE:ETM), The Stock That Tanked 73%
Entercom Communications Corp. (NYSE:ETM) shareholders should be happy to see the share price up 15% in the last month...
- TheStreet.com
2 Small-Cap Stocks That Could Be Righting the Ship
Stemline Therapeutics and Entercom Communications seem to have stabilized after notable declines late in the summer.
- Zacks
Analysts Estimate Entercom Communications (ETM) to Report a Decline in Earnings: What to Look Out for
Entercom Communications (ETM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Insider Monkey
Is Entercom Communications Corp. (ETM) Going To Burn These Hedge Funds ?
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. […]
- American City Business Journals
Q&A with WAOK & V-103’s Rashad Richey, 2019 40 Under Forty honoree
The 2019 40 Under Forty award winners will be honored at an evening event Nov. 7 at The Fairmont, 1429 Fairmont Ave NW, Atlanta, Ga., 30318
