Entercom Communications Corp. (NYSE:ETM): Why Investors Shouldn’t Ditch ETM stock in 2021 – Marketing Sentinel

Entercom Communications Corp. (NYSE:ETM): Why Investors Shouldn’t Ditch ETM stock in 2021

In the latest trading session, 936,407 Entercom Communications Corp. (NYSE:ETM) shares changed hands as the company’s beta touched 1.87. With the company’s most recent per share price at $5.22 changing hands around $0.3 or 0.06% at last look, the market valuation stands at $747.54 Million. ETM’s current price is a discount, trading about -21.65% off its 52-week high of $6.35. The share price had its 52-week low at $0.75, which suggests the recent value is85.63% up since then. When we look at Entercom Communications Corp.’s average trading volume, we note the 10-day average is 2.24 Million shares, with the 3-month average coming to 2.19 Million.

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Analysts gave the Entercom Communications Corp. (ETM) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2. If we narrow down to specifics, the data shows that none out of 4 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 1 recommended ETM as a Hold, 3 felt it is a Buy and none rated the stock as Underweight. Entercom Communications Corp.’s EPS for the current quarter is expected to be -$0.13.

Entercom Communications Corp. (NYSE:ETM) trade information

Instantly ETM is in green as seen in intraday trades today. With action 6.14%, the performance over the past five days has been red. The jump to weekly highs of $5.63- on Wednesday, Mar 24 added 7.82% to the stock’s daily price. The company’s shares are showing year-to-date upside of 1.1%, with the 5-day performance at -0.02% in the red. However, in the 30-day time frame, Entercom Communications Corp. (NYSE:ETM) is 0.16% up. Looking at the short shares, we see there were 7.54 Million shares sold at short interest cover period of 3.44 days.

The consensus price target for the stock as assigned by Wall Street analysts is $5.63, meaning bulls need an upside of 7.85% from its recent market value. According to analyst projections, ETM’s forecast low is $3 with $7 as the target high. To hit the forecast high, the stock’s price needs a +34.1% upsurge from its latest level, while the stock would need to tank -42.53% for it to hit the projected low.

Entercom Communications Corp. (ETM) estimates and forecasts

Data shows that the Entercom Communications Corp. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +239.31% over the past 6 months. But despite this, analysts have looked to lower expectations by downgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Entercom Communications Corp. will drop -1200%, while the growth in revenue is estimated to hit 146.4% for the next quarter. Year-over-year growth is forecast to reach 20.3% up from the last financial year.

Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $247.92 Million. 3 analysts are of the opinion that Entercom Communications Corp.’s revenue for the quarter ending June 01, 2021 will be $305.17 Million. The company’s revenue for the corresponding quarters a year ago was $297.03 Million and $175.87 Million respectively. According to analysts, the company will likely register a drop in its current quarter sales, forecast at -16.5%. The estimates for the next quarter sales put growth at 73.5%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -34.9%. The 2021 estimates are for Entercom Communications Corp. earnings to increase by 41.3%, but the outlook for the next 5-year period is at 0% per year.

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ETM Dividends

Entercom Communications Corp. is expected to release its next quarterly earnings report around May 12 – May 17, 2021. The 1.37% annual yield figure for the share gives it an annual dividend of 0.08. It is important to note, however, that the 1.37% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Entercom Communications Corp. (NYSE:ETM)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 15.36% of Entercom Communications Corp. shares while 49.96% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 59.03%. There are 201 institutions holding the Entercom Communications Corp. stock share, with Blackrock Inc. the top institutional holder. As of Dec 30, 2020, the company held 6.5% of the shares, roughly 8.91 Million ETM shares worth $22.01 Million.

Lsv Asset Management holds the second largest percentage of outstanding shares, with 5% or 6.86 Million shares worth $16.94 Million as of Dec 30, 2020.

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Among Mutual Funds, the top two as of Dec 30, 2020 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 3073948 shares estimated at $7.59 Million under it, the former controlled 2.24% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.07% of the shares, roughly 2.83 Million shares worth around $12.66 Million.

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