Entercom Communications Corp. (ETM) Releases Earnings Results, Beats Expectations By $0.01 EPS

Entercom Communications Corp. (ETM) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.26 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.25. The company posted revenue of $120.48 million in the period, compared to analysts expectations of $119.19 million. The company’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Entercom Communications Corp. closed down -0.16 points or -1.08% at $14.65 with 47,071 shares getting traded on Thursday. Post opening the session at $14.73, the shares hit an intraday low of $14.65 and an intraday high of $14.81 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 16, 2016, Stephen F Fisher (Exec. VP and CFO) sold 20,000 shares at $11.99 per share price. According to the SEC, on Mar 18, 2016, Andrew P Iv Sutor (Sr. Vice Pres. & Secretary) sold 5,000 shares at $11.33 per share price. On Aug 10, 2015, David J Field (CEO) purchased 10,000 shares at $10.59 per share price, according to the Form-4 filing with the securities and exchange commission.

Entercom Communications Corp. is a radio broadcasting company. The Company operates over 125 radio stations in 26 markets including San Francisco Atlanta Boston Miami Seattle San Diego Denver Portland Sacramento Kansas City Indianapolis Milwaukee Austin Norfolk Buffalo New Orleans Memphis Providence Greensboro Greenville/Spartanburg Rochester Madison Wichita Wilkes-Barre/Scranton Springfield (MA) and Gainesville/Ocala. Its stations are classified by their format such as news talk classic rock adult contemporary alternative and country among others. A station’s format enables it to target specific segments of listeners sharing certain demographics. Advertisers and stations use data published by audience measuring services to estimate how many people within particular geographical markets and demographics listen to specific stations.

Entercom Communications Corp.

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