Entravision Communications Corporation (NYSE:EVC) media firm, is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
Previous Quarter Performance
Entravision Communications Corporation reported income for the second quarter of $ 0.03 per share, from the revenue of $ 45.12 million. The quarterly earnings reduced 25.00 percent while revenues reduced 34.84 percent compared with the same quarter last year.
According to street consensus, EVC was expected to report 2Q20 loss of $ 0.11 per share from revenue of $ 45.90 million. The bottom line results beat street analysts by $ 0.14 or 127.27 percent, at the same time, top line results fell short of analysts by $ 0.78 million or 1.7 percent.
Stock Performance
Shares of Entravision Communications Corporation traded up $ 0.00 or 0.00 percent on Wednesday, reaching $ 1.87 with volume of 61.80 thousand shares. Entravision Communications Corporation has traded high as $ 1.91 and has cracked $ 1.86 on the downward trend
The closing price of $ 1.87, representing a 70.00 % increase from the 52 week low of $ 1.10 and a 38.08 % decrease over the 52 week high of $ 3.02.
The company has a market capital of $ 157.43 million and is part of the Consumer Cyclical sector and Broadcasting – TV industry.
Recent Stock Dividend Announcement
On August 4, 2020, the board of directors authorized quarterly dividend of $ 0.025 per share to holders of record as of the close of business on September 15, 2020, with payment date of September 30, 2020 and ex-dividend date on September 14, 2020.
Conference Call
Entravision Communications Corporation will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.entravision.com
Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across acculturation levels and media channels primarily in the United States, Spain, Mexico, Argentina, and other Latin America countries. It operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media. The companys portfolio encompasses integrated marketing and media solutions, including television, radio, and digital properties, as well as data analytics services.
