Friday, May 17, 2019
Entravision Communications (EVC)
What We Learned From The Investor Call.
Entravision Communications Corporation is a diversified Spanish-language media company utilizing a combination of television and radio operations to reach Hispanic consumers across the United States, as well as the border markets of Mexico.
Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Strong cost controls. The quarter benefited from cost cutting which began in April 2018 and which continued through 2019. Importantly, audit fees were $1.2 million in the quarter, a large portion which may be viewed as non recurring. Finally, Direct Operating Expenses and SG&A expenses are expected to be down for 2019.
- Company provides Q2 pacings. Management indicated that second quarter revenues were pacing up 5% for Television, down 11% for Radio and down 6% for its Digital businesses. While Q2 revenue trends are slightly lower than our expectations, the compa…
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