5.0600 +0.13 (2.64%)
After hours: 7:14PM EST
|Bid||4.9500 x 2200|
|Ask||4.9700 x 1400|
|Day's range||4.7900 - 5.0750|
|52-week range||0.7500 - 6.3500|
|Beta (5Y monthly)||1.77|
|PE ratio (TTM)||N/A|
|Earnings date||12 May 2021 - 17 May 2021|
|Forward dividend & yield||0.08 (1.79%)|
|Ex-dividend date||12 Mar 2020|
|1y target est||4.90|
Shares of Entercom Communications (NYSE: ETM) were tumbling 16% in morning trading Wednesday after the radio broadcaster reported fourth-quarter revenue that was up 19% sequentially, but down 22% year over year. CEO David Field said "the pandemic continues to hobble a large number of our advertisers, particularly locally," but he was hopeful the combination of widely distributed vaccines, new stimulus spending, and pent-up consumer demand would drive a strong recovery. Entercom stock is up 150% so far this year, even after the drubbing it's taking today, on a rally that largely began last October after it announced it had signed a six-year deal with Flutter Entertainment's (OTC: PDYPF) FanDuel as its official sportsbook partner.
PHILADELPHIA (AP) _ Entercom Communications Corp. (ETM) on Wednesday reported a loss of $162.4 million in its fourth quarter. On a per-share basis, the Philadelphia-based company said it had a loss of $1.21. The radio broadcasting company posted revenue of $319.5 million in the period.
Entercom Communications Corp. (NYSE: ETM) today reported financial results for the quarter ended December 31, 2020.