Revenue Update on Entravision Communication(NYSE:EVC)

Entravision Communication(NYSE:EVC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $64.83M. Analysts estimated a revenue of $63.38M. Earnings per share were $0.06. Analysts had estimated an EPS of $0.06.

Entravision Communication (EVC) shares turned negative on Fridays trading session with the shares closing down -0.07 points or -0.90% at a volume of 1,84,389. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.86. The peak price level was also seen at $7.86 while the days lowest was $7.65. Finally the shares closed at $7.72. The 52-week high of the shares is $9.55 while the 52-week low is $5.94. According to the latest information available, the market cap of the company is $691 M.

Several Insider Transactions has been reported to the SEC. On May 27, 2016, Mario M. Carrera (Chief Revenue Officer) sold 6,005 shares at $8.14 per share price.Also, On Jan 6, 2016, Christopher T Young (CFO) sold 9,400 shares at $7.28 per share price.On Jan 6, 2016, Liberman A Jeffery (Chief Operating Officer) sold 9,175 shares at $7.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Entravision Communications Corporation is a diversified media company. The Company serves Hispanic audiences primarily throughout the United States and the border markets of Mexico. The Company operates in three segments: television broadcasting radio broadcasting and digital media. The Company owns and operates Univision-affiliated television stations in approximately 24 markets including over 20 of the over 50 Hispanic markets in the United States. It owns and operates approximately 49 radio stations (38 FM and 11 AM) over 48 of which are located in the over 50 Hispanic markets in the United States. It provides digital advertising solutions that allow advertisers to reach online Hispanic audiences. It operates a technology and data platform that delivers digital advertising in various advertising formats to allow advertisers to reach Hispanic audiences. It owns and operates group of primarily Spanish-language radio stations in the United States.

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