Saga Communications (NASDAQ:SGA - Get Free Report) announced its earnings results on Thursday. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.08, Zacks reports. Saga Communications had a net margin of 4.24% and a return on equity of 3.22%. The business had revenue of $24.21 million for the quarter, compared to analyst estimates of $23.00 million.
Saga Communications Price Performance
Shares of Saga Communications stock traded up $0.56 on Tuesday, hitting $11.97. 10,532 shares of the company were exchanged, compared to its average volume of 16,740. The company has a 50-day moving average price of $11.78 and a 200 day moving average price of $12.10. The stock has a market capitalization of $77.11 million, a price-to-earnings ratio of 16.63 and a beta of 0.22. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Saga Communications has a 1-year low of $10.75 and a 1-year high of $20.53.
Insider Activity
In other news, major shareholder Edward K. Christian Trust sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $12.56, for a total transaction of $62,800.00. Following the completion of the transaction, the insider now directly owns 938,250 shares of the company's stock, valued at $11,784,420. This trade represents a 0.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 5,033 shares of company stock valued at $63,218. 22.40% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on Saga Communications in a research note on Friday. They issued a "hold" rating on the stock.
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Saga Communications Company Profile
(
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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.
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