A Look at Entravision Communications Corporation (EVC) Shares in the Recent Past Indicates Growth

Entravision Communications Corporation (NYSE: EVC) stock jumped 4.64% on Wednesday to $5.64 against a previous-day closing price of $5.39. With 0.2 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.19 million shares. During the session, the Broadcasting company that operates in wider Communication Services sector, reached to the highest price of $5.65 whereas the lowest price it dropped to was $5.37. The 52-week range on EVC shows that it touched its highest point at $7.97 and its lowest point at $3.96 during that stretch. It currently has a 1-year price target of $12.83. With its current market cap of 483.69 million, EVC has annualized dividend of $0.10 while the current yield stands at 1.77%. Beta for the stock currently stands at 1.04.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EVC was up-trending over the past week, with a rise of 4.83%, but this was up by 23.41% over a month. Three-month performance dropped to -0.88% while six-month performance rose 14.87%. The stock lost -27.23% in the past year, while it has lost -16.81% so far this year. A look at the trailing 12-month EPS for EVC yields 0.27 with Next year EPS estimates of 0.43. For the next quarter, that number is 0.19. This implies an EPS growth rate of 817.80% for this year and 2.35% for next year.

Float and Shares Shorts:

At present, 84.95 million EVC shares are outstanding with a float of 58.01 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.07 million, which was 1.26% higher than short shares on Sep 14, 2022. In addition to Mr. Walter F. Ulloa as the firm’s Chairman & CEO, Mr. Jeffery A. Liberman serves as its Pres & COO.


Institutional Ownership:

Through their ownership of 80.74% of EVC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 48.40% of EVC, in contrast to 29.91% held by mutual funds. Shares owned by individuals account for 22.45%. As the largest shareholder in EVC with 16.39% of the stake, American Century Investment Manag holds 10,075,257 shares worth 10,075,257. A second-largest stockholder of EVC, BlackRock Fund Advisors, holds 4,891,121 shares, controlling over 7.96% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in EVC, holding 3,987,122 shares or 6.49% stake. With a 12.59% stake in EVC, the American Century Small Cap Value is the largest stakeholder. A total of 7,736,758 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.59% of EVC stock, is the second-largest Mutual Fund holder. It holds 1,589,251 shares valued at 7.44 million. Goldman Sachs Small Cap Value Fun holds 2.41% of the stake in EVC, owning 1,481,903 shares worth 6.94 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EVC since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With EVC analysts setting a high price target of $15.00 and a low target of $10.50, the average target price over the next 12 months is $12.83. Based on these targets, EVC could surge 165.96% to reach the target high and rise by 86.17% to reach the target low. Reaching the average price target will result in a growth of 127.48% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. EVC will report FY 2022 earnings on 03/02/2023. Analysts have provided yearly estimates in a range of $0.44 being high and $0.40 being low. For EVC, this leads to a yearly average estimate of $0.42. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Entravision Communications Corporation surprised analysts by -$0.02 when it reported $0.11 EPS against a consensus estimate of $0.13. The surprise factor in the prior quarter was -$0.00. Based on analyst estimates, the high estimate for the next quarter is $0.22 and the low estimate is $0.16. The average estimate for the next quarter is thus $0.19.

Summary of Insider Activity:

Insiders traded EVC stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 1,672,830 while 417,297 shares were sold.

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