Saga Communications (NASDAQ:SGA - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Thursday, May 8th. Analysts expect Saga Communications to post earnings of ($0.33) per share and revenue of $23.00 million for the quarter.
Saga Communications Price Performance
SGA traded up $0.06 during trading on Tuesday, hitting $11.41. The company's stock had a trading volume of 517 shares, compared to its average volume of 16,852. The firm's 50 day moving average price is $11.73 and its two-hundred day moving average price is $12.20. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $73.47 million, a price-to-earnings ratio of 15.84 and a beta of 0.22. Saga Communications has a 12 month low of $10.75 and a 12 month high of $23.39.
Saga Communications Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.77%. The ex-dividend date was Tuesday, February 18th. Saga Communications's dividend payout ratio is presently 181.82%.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on Saga Communications in a research report on Friday. They set a "hold" rating for the company.
Check Out Our Latest Analysis on Saga Communications
Insider Activity at Saga Communications
In related news, major shareholder Edward K. Christian Trust sold 5,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $12.56, for a total value of $62,800.00. Following the sale, the insider now directly owns 938,250 shares in the company, valued at $11,784,420. This trade represents a 0.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 12,434 shares of company stock worth $157,411 over the last ninety days. Company insiders own 21.90% of the company's stock.
About Saga Communications
(
Get Free Report)
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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