|Bid||3.4400 x 800|
|Ask||3.8500 x 3000|
|Day's Range||3.5100 - 3.8000|
|52 Week Range||2.9400 - 8.3000|
|Beta (3Y Monthly)||1.76|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||0.08 (2.17%)|
|1y Target Est||6.06|
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
David Field has been the CEO of Entercom Communications Corp. (NYSE:ETM) since 2002. This report will, first, examine...
Entercom Communications Corp.’s stock price declined after the company cut its dividend by 78 percent late Friday. The media company said the decision to lower the quarterly dividend paid to its shareholders from 9 cents per share to 2 cents will free up $39 million that it can use to repurchase its shares and reduce its debt. “We believe that redeploying capital from dividends to both share buybacks and debt reduction will allow us to drive increased shareholder value given our belief that our stock is now trading significantly below its intrinsic value and because this action will allow us to accelerate progress on our commitment to reduce total net leverage to four times,” Entercom CEO David Field said in a statement.
The Board of Directors of Entercom Communications Corp. (ETM) today declared a regular quarterly dividend of $0.02 per share of common stock payable on September 13, 2019, to shareholders of record as of August 29, 2019. This represents a reduction of $0.07 from the Company’s previous quarterly dividend of $0.09 per share. The Board of Directors authorized the Company to reallocate the approximately $39 million of capital freed up on an annual basis by this action to repurchase its shares under its existing 2017 share repurchase program authorization and to accelerate deleveraging.
Entercom Communications Corp.’s stock price is down 37% Wednesday after second quarter earnings fell well short of analyst estimates. The company reported a net income of $26 million, or 19 cents per share, well below the 28 cents per share predicted by Zacks Consensus Estimate, which noted that Entercom has not surpassed consensus EPS estimates in the past four quarters. Minus political advertising — which has declined from 2018 due to the lack of midterm elections — revenue increased by 3 percent. At the end of the first quarter, CEO David Field said revenue was pacing up by 4%.
Adding Pineapple Street Media and Cadence13 will make the Philadelphia-based company the nation's No. 3 U.S. podcast publisher behind NPR and iHeart Media.
Entercom Communications (ETM) delivered earnings and revenue surprises of -32.14% and -1.64%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Entercom, the #1 creator of live, original, local audio content and the home of RADIO.COM, the fastest growing digital audio app in the United States, today announced that it has acquired Pineapple Street Media, an award-winning, renowned independent producer of top-rated podcast content, and reached an agreement in principle to acquire Cadence13, an industry leader in podcast creation and distribution, to create a powerhouse podcast division under RADIO.COM. Through the strategic acquisitions of Cadence13 and Pineapple Street Media, Entercom will become one of the country’s top three podcasters and a leading creator, distributor and seller of top-rated podcast content. The deal will bring together a combination of strengths to create a unique leadership position that leverages Entercom’s scale across the top 50 U.S. markets, reach of 170 million listeners per month, enhanced targeted data capabilities, and top-rated portfolio of spoken word brands, and both Cadence13 and Pineapple Street Media’s capabilities as two of the industry’s leading developers and sellers of original podcast content.
As part of the deal, Entercom digital arm Radio.com will air weekly coaches shows for football and men’s basketball and the daily “Inside Penn State Athletics.”
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.
Entercom's is putting in a new trio of talent in hopes of boosting the Chicago country station's fortunes in the key morning drive time slot.
He will now oversee programming at the conservative talk station in addition to his existing responsibilities at SportsRadio 94 WIP.
After two years of double-digit declines, shares have eked out a 1.2% gain so far in 2019. Joe Field, who founded the company half a century ago, has bought $11.7 million of Entercom stock in 2019.
In March, SAG-AFTRA called for federal mediation to resolve the issue, claiming Entercom was “low-balling” them during talks. The KYW contract with Entercom expired Sept. 30 and talks began in August and carried through December without resolution.
Investors are always looking for growth in small-cap stocks like Entercom Communications Corp. (NYSE:ETM), with a...
Entercom Communications Corp. (ETM) will report its 2019 second quarter financial results before the market opens on Wednesday, August 7, 2019. The Company will host a conference call and simultaneous webcast at 10:00 a.m. ET that morning to review the results and recent progress against its strategic initiatives. To participate in the conference call, please dial (888) 889-0278 or (312) 470-7365 five minutes prior to the start of the call and provide the following passcode: Entercom. Participants may also listen to a live webcast of the call by visiting www.entercom.com/investors.
Entercom Communications Corp. announced today that its Board of Directors has approved a quarterly dividend on the Company’s stock of $0.09 per share. The dividend is payable on June 28, 2019 to shareholders of record as of the close of business on June 17, 2019.
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
Conservative Talk Radio 1210 (WPHT-AM) didn’t look far to find its replacement for recently departed morning drive host Chris Stigall. Afternoon drive host Rich Zeoli will switch to mornings from 5:30 a.m. to 9:00 a.m. beginning Monday. Yadgaroff said the station is still exploring options for filling Hannity’s spot from 9 p.m. to 12 a.m. “I think it’s important to have Sean’s program air live,” Yadgaroff said.
The company hired local musician Larry Gold, who worked with Gamble & Huff during the Sound of Philadelphia era of the 1970s and more recently arranged music for The Roots, Jill Scott, Jay-Z and John Legend.