Insider Trading Watch List: Entercom Communications Corporation $ETM

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Entercom Communications Corporation (NYSE:ETM) insider have most recently took part in a trading activity. On Jun 16, 2017 Field Joseph M, Chairman, 10% Owner bought 4,793 shares having total worth of $47,690 at the price of $9.95 per share, following the transaction a total of 1,826,327 shares owned by Field Joseph M. Before this latest buy, Field Joseph M purchased ETM at 5 other times during the past twelve months, for a total investment of $57.12M at an average of $9.89 per share.

The stock has experienced a total of 5 insider trades in the past three months. These trades include 5 buy trades. Furthermore, over the past 12 months , the stock was traded 14 times by insiders. In 9 of these trades, the insider was a seller while an employee of the company was the buyer in 5 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 5 0 -32.45%
12 Month 5 9 -1.92%

Entercom Communications Corporation (NYSE:ETM) last announced its earnings results on May 8, 2017. The company reported 0.07 earnings per share (EPS) for the quarter, lower than the consensus estimate of 0.08 by $0.01. The company had revenue of $97 million for the quarter, compared to the consensus estimate of $97 million. During the same quarter in the previous year, the company posted 0.09 earnings per share. The company’s revenue for the quarter was up 1% on a year-over-year basis.

2017-05-08 2017-02-22 2016-11-07 2016-07-27 2016-05-02 2016-02-11 2015-11-05 2015-08-06 2015-05-04 2015-02-19
earnings per share 0.07 0.34 0.27 0.28 0.09 0.35 0.25 0.21 0.04 0.32
Revenue(M) 97.45 123.21 120.46 120.48 96.1 117.7 114.66 100.59 78.4 101.51

Entercom Communications Corporation was organized in 1968 as a Pennsylvania corporation. It is a radio broadcasting company in the United States. The Federal Communications Commission (FCC) selected In-Band On-Channel(tm) (IBOC) as the exclusive technology for introduction of terrestrial digital operations by AM and FM radio stations. The technology, developed by iBiquity Digital Corporation, is also known as ‘HD Radio’ The Company has a minority equity interest in iBiquity. It currently utilizes HD Radiodigital technology on its FM stations. The advantages of digital audio broadcasting over traditional analog broadcasting technology include improved sound quality, additional channels and the ability to offer a variety of auxiliary services. HD Radio technology permits a station to transmit radio programming in both analog and digital formats. The Company’s stations are typically classified by their format, such as news, talk, classic rock, adult contemporary, alternative, oldies and jazz, 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. The Company’s geographically and demographically diverse portfolio of radio stations allows it to deliver targeted messages to specific audiences for advertisers on a local, regional and national basis. The Company’s stations compete for listeners and advertising revenue with other radio stations within their respective markets. In addition, its stations compete for audiences and advertising revenues with other media such as network and cable television, newspapers and magazines, outdoor advertising, direct mail, yellow pages, Internet, satellite radio, wireless media alternatives, cellular phones and other forms of advertisement. As the owner, lessee or operator of various real properties and facilities, the Company is subject to a number of federal, state and local environmental laws and regulations.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.