Posted by Anthony Sawyer on Nov 2nd, 2017 // No Comments
inShare
Entercom Communications Corporation logoEntercom Communications Corporation (NYSE:ETM) declared that its Board of Directors has authorized a stock repurchase plan, which authorizes the company to repurchase $100.00 million in outstanding shares on Thursday, November 2nd, EventVestor reports. This repurchase authorization authorizes the company to purchase up to 22.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
Several brokerages have weighed in on ETM. BidaskClub upgraded Entercom Communications Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Noble Financial reiterated a “buy” rating on shares of Entercom Communications Corporation in a research note on Monday, July 31st.
Entercom Communications Corporation (NYSE:ETM) last posted its earnings results on Thursday, November 2nd. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.13). Entercom Communications Corporation had a net margin of 4.27% and a return on equity of 8.50%. The business had revenue of $122.30 million during the quarter, compared to analyst estimates of $120.76 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year.
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM