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NASDAQ:SALM

Salem Media Group (SALM) Stock Forecast, Price & News

$0.61
+0.02 (+3.39%)
(As of 09:52 AM ET)
Compare
Today's Range
$0.59
$0.61
50-Day Range
$0.54
$0.98
52-Week Range
$0.54
$2.26
Volume
3,978 shs
Average Volume
35,428 shs
Market Capitalization
$16.60 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.00

Salem Media Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
719.7% Upside
$5.00 Price Target
Short Interest
Healthy
0.86% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.93mentions of Salem Media Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.34) to ($0.01) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Consumer Discretionary Sector

141st out of 276 stocks

Radio Broadcasting Stations Industry

6th out of 10 stocks


SALM stock logo

About Salem Media Group (NASDAQ:SALM) Stock

Salem Media Group, Inc. operates as a multimedia company in the United States. It operates through three segments: Broadcast, Digital Media, and Publishing. The company owns and operates 33 FM radio stations and 70 radio stations; offers programs on the Family Talk Christian-themed talk format station on SiriusXM Channel 131; provides programming to Christian and family-themed talk stations, music stations, and news talk stations; places advertising on Christian and talk formatted radio stations, and other commercial radio station formats; and operates Salem Podcast Network, a platform for conservative, political, news, and family-oriented podcasts. It also provides Christian, conservative, investing content, e-commerce, audio and video streaming, and other resources digitally through BibleStudyTools.com, Crosswalk.com, Christianity.com, iBelieve.com, GodTube.com, OnePlace com, GodUpdates.com, CrossCards.com, ChristianHeadlines.com, LightSource.com, CCMmagazine.com,Townhall.com, RedState.com, pjmedia.com, Twitchy.com, HotAir.com, BearingArms.com, as well as mobile applications. In addition, the company publishes digital newsletters, market analysis and non-individualized investment strategies; and operates SermonSearch.com, ChurchStaffing.com, WorshipHouseMedia.com, SermonSpice.com, WorshipHouseKids.com, Preaching.com, ChristianJobs.com, ShiftWorship.com, JourneyBoxMedia.com, Playblackmedia.com, and HyperPixelsMedia.com. Further, it offers publication of conservative, Christian, and history books; Xulon Press, a print-on-demand self-publishing service; and Mill City Press that publishes books, as well as provides digital marketing service. The company was founded in 1974 and is based in Irving, Texas.

SALM Price History

SALM Stock News Headlines

StockNews.com Initiates Coverage on Salem Media Group (NASDAQ:SALM)
Liz Truss Signs with Regnery
How is This "Hidden Gem" Thriving in a Turbulent Market?
While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.
Salem Communications: Q2 Earnings Snapshot
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Salem Media Announces Management Changes
Salem may host an Arena Football League team
The Lords Of Salem Ending, Explained
SALM - Salem Media Group, Inc.
Salem Fair is almost here
See More Headlines
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SALM Company Calendar

Last Earnings
8/08/2023
Today
10/01/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
Broadcasting
Current Symbol
NASDAQ:SALM
CUSIP
79409310
Employees
1,436
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$5.00
High Stock Price Forecast
$5.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+747.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-3,240,000.00
Pretax Margin
-10.67%

Debt

Sales & Book Value

Annual Sales
$264.94 million
Cash Flow
$0.68 per share
Book Value
$6.44 per share

Miscellaneous

Free Float
12,353,000
Market Cap
$16.06 million
Optionable
Optionable
Beta
1.29

Social Links

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Key Executives

  • Mr. Edward G. Atsinger III (Age 83)
    Exec. Chairman
    Comp: $1.25M
  • Mr. David P. SantrellaMr. David P. Santrella (Age 61)
    Chief Exec. Officer
    Comp: $860.45k
  • Mr. David A. R. Evans (Age 60)
    Chief Operating Officer
    Comp: $814.72k
  • Mr. Evan D. MasyrMr. Evan D. Masyr (Age 51)
    Exec. VP & CFO
  • Mr. Christopher J. HendersonMr. Christopher J. Henderson (Age 59)
    Exec. VP of Legal & HR, Gen. Counsel and Sec.
  • Ms. Angenette Natkowski
    Director of Sales
  • Mr. Allen Power
    Pres of Broadcast Media
  • Mr. Jeff Reisman
    Sr. VP of Operations
  • Ms. Linnae Young
    Exec. VP of Operations & Revenue Devel.
  • Mr. Christopher Gould
    Sr. VP of National Program Devel. & Ministry Relations and GM of Colorado Springs Assets













SALM Stock - Frequently Asked Questions

Should I buy or sell Salem Media Group stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Salem Media Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SALM shares.
View SALM analyst ratings
or view top-rated stocks.

What is Salem Media Group's stock price forecast for 2023?

1 equities research analysts have issued 12 month price objectives for Salem Media Group's stock. Their SALM share price forecasts range from $5.00 to $5.00. On average, they anticipate the company's stock price to reach $5.00 in the next year. This suggests a possible upside of 747.5% from the stock's current price.
View analysts price targets for SALM
or view top-rated stocks among Wall Street analysts.

How have SALM shares performed in 2023?

Salem Media Group's stock was trading at $1.05 at the start of the year. Since then, SALM stock has decreased by 43.8% and is now trading at $0.59.
View the best growth stocks for 2023 here
.

When is Salem Media Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our SALM earnings forecast
.

How were Salem Media Group's earnings last quarter?

Salem Media Group, Inc. (NASDAQ:SALM) released its quarterly earnings data on Tuesday, August, 8th. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by $0.09. The company earned $65.77 million during the quarter, compared to analyst estimates of $64.32 million. Salem Media Group had a negative net margin of 9.94% and a negative trailing twelve-month return on equity of 5.19%.

Is Salem Media Group a good dividend stock?

Salem Media Group (NASDAQ:SALM) pays an annual dividend of $0.10 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for SALM.

What guidance has Salem Media Group issued on next quarter's earnings?

Salem Media Group updated its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $68.91 million-$70.25 million, compared to the consensus revenue estimate of $66.81 million.

What is Edward G. Atsinger III's approval rating as Salem Media Group's CEO?

247 employees have rated Salem Media Group Chief Executive Officer Edward G. Atsinger III on Glassdoor.com. Edward G. Atsinger III has an approval rating of 87% among the company's employees.

What other stocks do shareholders of Salem Media Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Salem Media Group investors own include Sirius XM (SIRI), Trevena (TRVN), OPKO Health (OPK), Advanced Micro Devices (AMD), CTI BioPharma (CTIC), TherapeuticsMD (TXMD), Arbutus Biopharma (ABUS), Adamis Pharmaceuticals (ADMP), Biocept (BIOC).

What is Salem Media Group's stock symbol?

Salem Media Group trades on the NASDAQ under the ticker symbol "SALM."

How do I buy shares of Salem Media Group?

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

What is Salem Media Group's stock price today?

One share of SALM stock can currently be purchased for approximately $0.59.

How much money does Salem Media Group make?

Salem Media Group (NASDAQ:SALM) has a market capitalization of $16.06 million and generates $264.94 million in revenue each year. The company earns $-3,240,000.00 in net income (profit) each year or ($0.97) on an earnings per share basis.

How many employees does Salem Media Group have?

The company employs 1,436 workers across the globe.

How can I contact Salem Media Group?

Salem Media Group's mailing address is 4880 SANTA ROSA ROAD, CAMARILLO CA, 93012. The official website for the company is www.salemmedia.com. The company can be reached via phone at (469) 586-0080, via email at evan@salemmedia.com, or via fax at 805-384-4520.

This page (NASDAQ:SALM) was last updated on 10/2/2023 by MarketBeat.com Staff

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