Should I buy or sell Saga Communications stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Saga Communications in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SGA shares. View SGA analyst ratings or view top-rated stocks .

What is Saga Communications' stock price target for 2024?

1 Wall Street research analysts have issued 1 year price objectives for Saga Communications' shares. Their SGA share price targets range from $27.00 to $27.00. On average, they anticipate the company's share price to reach $27.00 in the next year. This suggests a possible upside of 22.1% from the stock's current price. View analysts price targets for SGA or view top-rated stocks among Wall Street analysts .

How have SGA shares performed in 2024?

Saga Communications' stock was trading at $22.26 on January 1st, 2024. Since then, SGA shares have decreased by 0.6% and is now trading at $22.12. View the best growth stocks for 2024 here .

When is Saga Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our SGA earnings forecast .

How were Saga Communications' earnings last quarter?

Saga Communications, Inc. (NASDAQ:SGA) issued its quarterly earnings data on Thursday, March, 7th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. The business earned $29.15 million during the quarter, compared to the consensus estimate of $28.50 million. Saga Communications had a net margin of 8.42% and a trailing twelve-month return on equity of 5.34%.

How often does Saga Communications pay dividends? What is the dividend yield for Saga Communications?

Saga Communications declared a None dividend on Thursday, March 7th. Stockholders of record on Monday, March 18th will be paid a dividend of $0.60 per share on Friday, April 5th. The ex-dividend date is Friday, March 15th. Read our dividend analysis for SGA .

Is Saga Communications a good dividend stock?

Saga Communications (NASDAQ:SGA) pays an annual dividend of $1.00 per share and currently has a dividend yield of 4.59%. SGA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 65.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SGA will have a dividend payout ratio of 58.14% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SGA .

How do I buy shares of Saga Communications?

Shares of SGA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:SGA

Saga Communications (SGA) Stock Price, News & Analysis

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$22.12

+0.31 (+1.42%)

(As of 04/15/2024 ET)

Compare

Today's Range: $21.80
▼
$22.93
50-Day Range: $21.81
▼
$24.50
52-Week Range: $18.89
▼
$27.00

Volume: 8,912 shs
Average Volume: 15,699 shs
Market Capitalization: $138.54 million

P/E Ratio: 14.55
Dividend Yield: 4.52%
Price Target: $27.00

Get Saga Communications alerts:

Saga Communications MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 22.1% Upside
$27.00 Price Target
Short Interest: Healthy
0.18% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.94
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 4.24%
From $1.65 to $1.72 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.30 out of 5 stars

Consumer Discretionary Sector

56th out of 260 stocks

Radio Broadcasting Stations Industry

2nd out of 8 stocks

2.5

Analyst's Opinion

Consensus Rating
Saga Communications has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Saga Communications has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.18% of the float of Saga Communications has been sold short.
Short Interest Ratio / Days to Cover
Saga Communications has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Saga Communications has recently decreased by 6.90%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Saga Communications is a leading dividend payer. It pays a dividend yield of 4.59%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Saga Communications has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Saga Communications is 65.79%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Saga Communications will have a dividend payout ratio of 58.14% next year. This indicates that Saga Communications will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SGA.

2.7

News and Social Media Coverage

News Sentiment
Saga Communications has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Saga Communications this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added Saga Communications to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Saga Communications insiders have not sold or bought any company stock.
Percentage Held by Insiders
21.40% of the stock of Saga Communications is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
74.28% of the stock of Saga Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Saga Communications are expected to grow by 4.24% in the coming year, from $1.65 to $1.72 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Saga Communications is 14.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.17.
Price to Earnings Ratio vs. Sector
The P/E ratio of Saga Communications is 14.55, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 17.52.
Price to Book Value per Share Ratio
Saga Communications has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Saga Communications Stock (NASDAQ:SGA)

Saga Communications, Inc., a media company, engages in acquiring, developing, and operating broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, country, classic country, hot/soft/urban adult contemporary, oldies, classic rock, rock, and news/talk. It owns and operates FM and AM radio stations, and metro signals serving various markets. Saga Communications, Inc. was incorporated in 1986 and is headquartered in Grosse Pointe Farms, Michigan.

SGA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SGA Stock News Headlines

April 10, 2024 | seekingalpha.com

Entravision Communications: Unjustified Sell-Off

April 5, 2024 | finance.yahoo.com

With 39% ownership, Saga Communications, Inc. (NASDAQ:SGA) has piqued the interest of institutional investors

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

March 9, 2024 | seekingalpha.com

Saga Communications, Inc. (SGA) Q4 2023 Earnings Call Transcript

March 9, 2024 | finance.yahoo.com

Saga Communications Full Year 2023 Earnings: EPS Beats Expectations

March 8, 2024 | finance.yahoo.com

Saga Communications, Inc. (NASDAQ:SGA) Q4 2023 Earnings Call Transcript

March 7, 2024 | benzinga.com

Recap: Saga Communications Q4 Earnings

March 7, 2024 | globenewswire.com

Saga Communications, Inc. Announces Variable Dividend Declaration and Reports 4th Quarter and Year End 2023 Results

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

February 16, 2024 | markets.businessinsider.com

Saga Communications, Inc. Announces Date and Time of 4th Quarter and Year End 2023 Earnings Release and Conference Call

February 16, 2024 | finance.yahoo.com

Saga Communications, Inc. Announces Date and Time of 4th Quarter and Year End 2023 Earnings Release and Conference Call

February 16, 2024 | globenewswire.com

Saga Communications, Inc. Announces Date and Time of 4th Quarter and Year End 2023 Earnings Release and Conference Call

February 16, 2024 | benzinga.com

Saga Communications Stock (NASDAQ:SGA) Dividends: History, Yield and Dates

February 13, 2024 | msn.com

Saga Communications to buy radio stations serving the Greater Lafayette, Indiana radio market

February 13, 2024 | finance.yahoo.com

Saga Communications, Inc. Agrees to Acquire Radio Stations Serving the Greater Lafayette, IN Radio Market

January 31, 2024 | wsj.com

Saga Communications Inc. Cl A

January 24, 2024 | finance.yahoo.com

Here’s Why Saga Communications (SGA) Increased in Q4

January 20, 2024 | seekingalpha.com

Merion Road Capital Q4 2023 Investor Letter

December 16, 2023 | finance.yahoo.com

Saga Communications, Inc.'s (NASDAQ:SGA) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?

December 7, 2023 | msn.com

Saga Communications declares $2.00 dividend

December 7, 2023 | finance.yahoo.com

Saga Communications, Inc. Declares a Special Cash Dividend of $2.00 per Share

November 24, 2023 | msn.com

Saga Communications, Inc. - (SGA) Declares $0.25 Dividend

November 24, 2023 | finance.yahoo.com

Saga Communications (NASDAQ:SGA) investors are sitting on a loss of 21% if they invested five years ago

November 8, 2023 | morningstar.com

Saga Communications Inc Class A SGA

November 3, 2023 | finance.yahoo.com

Should You Be Adding Saga Communications (NASDAQ:SGA) To Your Watchlist Today?

November 2, 2023 | finance.yahoo.com

Saga Communications (SGA) Q3 Earnings Miss Estimates

November 2, 2023 | finance.yahoo.com

Saga Communications Inc (SGA) Reports Decrease in Net Revenue for Q3 2023

See More Headlines

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Company Calendar

Ex-Dividend for 3/8 Dividend: 2/16/2024
Last Earnings: 3/07/2024
Dividend Payable: 3/08/2024
Ex-Dividend for 4/5 Dividend: 3/15/2024
Dividend Payable: 4/05/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Discretionary
Industry: Radio broadcasting stations
Sub-Industry: N/A
Current Symbol: NASDAQ:SGA
CUSIP: N/A
CIK: 886136
Web: sagacom.com
Phone: (313) 886-7070
Fax: 313-886-7150
Employees: 589
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $27.00
High Stock Price Target: $27.00
Low Stock Price Target: $27.00
Potential Upside/Downside: +22.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.52
Trailing P/E Ratio: 14.55
Forward P/E Ratio: 13.41
P/E Growth: N/A
Net Income: $9.50 million
Net Margins: 8.42%
Pretax Margin: 11.42%
Return on Equity: 5.34%
Return on Assets: 4.11%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.16
Quick Ratio: 2.16

Sales & Book Value

Annual Sales: $112.77 million
Price / Sales: 1.23
Cash Flow: $2.37 per share
Price / Cash Flow: 9.35
Book Value: $27.27 per share
Price / Book: 0.81

Miscellaneous

Outstanding Shares: 6,263,000
Free Float: 4,923,000
Market Cap: $138.54 million
Optionable: Not Optionable
Beta: 0.41

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Key Executives

Mr. Christopher S. Forgy (Age 63)
CEO, President & Director
Comp: $452.09k
Mr. Samuel D. Bush (Age 66)
Senior VP, Treasurer & CFO
Comp: $498.5k
Ms. Catherine A. Bobinski (Age 64)
Senior VP of Finance, Chief Accounting Officer & Corporate Controller
Comp: $332.85k
Mr. Wayne P. Leland (Age 59)
Senior Vice President of Operations
Mr. Tracy Cleeton
Chief Technical Officer
Mr. Eric Christian
Chief Marketing Officer
Annette Calcaterra
Vice President of Human Resources
Mr. Pat Paxton
Senior Vice President of Content
Katherine L. Semivan
VP & Corporate Secretary

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SGA Stock Analysis - Frequently Asked Questions

Should I buy or sell Saga Communications stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Saga Communications in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SGA shares.
View SGA analyst ratings or view top-rated stocks.
What is Saga Communications' stock price target for 2024?: 1 Wall Street research analysts have issued 1 year price objectives for Saga Communications' shares. Their SGA share price targets range from $27.00 to $27.00. On average, they anticipate the company's share price to reach $27.00 in the next year. This suggests a possible upside of 22.1% from the stock's current price.
View analysts price targets for SGA or view top-rated stocks among Wall Street analysts.
How have SGA shares performed in 2024?: Saga Communications' stock was trading at $22.26 on January 1st, 2024. Since then, SGA shares have decreased by 0.6% and is now trading at $22.12.
View the best growth stocks for 2024 here.
When is Saga Communications' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our SGA earnings forecast.

How were Saga Communications' earnings last quarter?: Saga Communications, Inc. (NASDAQ:SGA) issued its quarterly earnings data on Thursday, March, 7th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. The business earned $29.15 million during the quarter, compared to the consensus estimate of $28.50 million. Saga Communications had a net margin of 8.42% and a trailing twelve-month return on equity of 5.34%.
How often does Saga Communications pay dividends? What is the dividend yield for Saga Communications?: Saga Communications declared a None dividend on Thursday, March 7th. Stockholders of record on Monday, March 18th will be paid a dividend of $0.60 per share on Friday, April 5th. The ex-dividend date is Friday, March 15th.
Read our dividend analysis for SGA.
Is Saga Communications a good dividend stock?: Saga Communications (NASDAQ:SGA) pays an annual dividend of $1.00 per share and currently has a dividend yield of 4.59%. SGA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 65.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SGA will have a dividend payout ratio of 58.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SGA.
How do I buy shares of Saga Communications?: Shares of SGA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SGA) was last updated on 4/16/2024 by MarketBeat.com Staff

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Saga Communications (SGA) Stock Price, News & Analysis

Saga Communications MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Saga Communications Stock (NASDAQ:SGA)

SGA Stock Price History

SGA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

SGA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™