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S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
THE BEST BLACK FRIDAY DEAL YET (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
See how to make money instead of spending it on Black Friday with this offer (Ad)
Bird flu prompts slaughter of 1.8M chickens in Nebraska
US-England World Cup game seen by 19.98M on US television
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
THE BEST BLACK FRIDAY DEAL YET (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
See how to make money instead of spending it on Black Friday with this offer (Ad)
Bird flu prompts slaughter of 1.8M chickens in Nebraska
US-England World Cup game seen by 19.98M on US television
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
THE BEST BLACK FRIDAY DEAL YET (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
See how to make money instead of spending it on Black Friday with this offer (Ad)
Bird flu prompts slaughter of 1.8M chickens in Nebraska
US-England World Cup game seen by 19.98M on US television
NASDAQ:SALM

Salem Media Group - SALM Stock Forecast, Price & News

$1.37
+0.05 (+3.79%)
(As of 11/25/2022 12:00 AM ET)
Add
Compare
Today's Range
$1.34
$1.38
50-Day Range
$1.27
$2.19
52-Week Range
$1.24
$4.19
Volume
23,656 shs
Average Volume
84,916 shs
Market Capitalization
$37.29 million
P/E Ratio
2.45
Dividend Yield
N/A
Price Target
$5.00

Salem Media Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
265.0% Upside
$5.00 Price Target
Short Interest
Healthy
1.00% 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
N/A

Overall MarketRank

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

2.63 out of 5 stars

Consumer Discretionary Sector

58th out of 273 stocks

Radio Broadcasting Stations Industry

2nd out of 8 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 32 FM radio stations and 69 AM 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, GodVine.com, iBelieve.com, GodTube.com, OnePlace.com, Christianity.com, GodUpdates.com, CrossCards.com, ChristianHeadlines.com, LightSource.com, AllCreated.com, ChristianRadio.com, CCMmagazine.com, SingingNews.com, and SouthernGospel.com; and Townhall.com, HotAir.com, Twitchy.com, RedState.com, BearingArms.com, ConservativeRadio.com, and pjmedia.com, as well as mobile applications. In addition, the company publishes digital newsletters that provide 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 formerly known as Salem Communications Corporation and changed its name to Salem Media Group, Inc. in February 2015. The company was founded in 1974 and is based in Irving, Texas.

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SALM Stock News Headlines

Salem Media Group Announces Launch of SeniorResource.com
Salem Partners with TPUSA for Border Battle
Grant Stinchfield Joins the Salem Podcast Network
Salem Media Group Cuts Q3 Total Revenue Outlook; Stock Down
Salem Media Updates Third Quarter Revenue Guidance
Salem Media Group announces Battleground Talkers Tour 2022
See More Headlines
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SALM Company Calendar

Last Earnings
8/04/2021
Today
11/27/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/02/2023

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
Broadcasting
Current Symbol
NASDAQ:SALM
CUSIP
79409310
Employees
1,336
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
+265.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$41.51 million
Pretax Margin
4.99%

Debt

Sales & Book Value

Annual Sales
$258.25 million
Cash Flow
$1.43 per share
Book Value
$6.52 per share

Miscellaneous

Free Float
10,451,000
Market Cap
$37.29 million
Optionable
Optionable
Beta
1.29

Social Links


Key Executives

  • Mr. Edward G. Atsinger III (Age 82)
    Exec. Chairman
    Comp: $1.05M
  • Mr. David P. SantrellaMr. David P. Santrella (Age 60)
    Chief Exec. Officer
    Comp: $561.18k
  • Mr. David A. R. Evans (Age 59)
    Chief Operating Officer
    Comp: $623.27k
  • Mr. Evan D. MasyrMr. Evan D. Masyr (Age 50)
    Exec. VP & CFO
  • Mr. Christopher J. HendersonMr. Christopher J. Henderson (Age 58)
    Exec. VP of Legal & HR, Gen. Counsel and Sec.
  • Ms. Angenette Natkowski
    Director of Sales
  • Mr. Allen Power
    Sr. VP of Radio Division
  • Mr. Ron Walters
    Sr. VP of Ministry Relations
  • Ms. Linnae Young
    Sr. VP of Broadcast Operations
  • 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?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Salem Media Group in the last year. There are currently 2 buy ratings 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?

2 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 predict the company's stock price to reach $5.00 in the next year. This suggests a possible upside of 265.0% 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 2022?

Salem Media Group's stock was trading at $3.06 on January 1st, 2022. Since then, SALM stock has decreased by 55.2% and is now trading at $1.37.
View the best growth stocks for 2022 here
.

When is Salem Media Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 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 results on Wednesday, August, 4th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.09. The company earned $63.78 million during the quarter, compared to analysts' expectations of $60.19 million. Salem Media Group had a trailing twelve-month return on equity of 6.50% and a net margin of 5.92%.

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

Salem Media Group issued an update on its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $65.64 million-$67.03 million, compared to the consensus revenue estimate of $74.20 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), Ampio Pharmaceuticals (AMPE) and Biocept (BIOC).

What is Salem Media Group's stock symbol?

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

Who are Salem Media Group's major shareholders?

Salem Media Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Verdad Advisers LP (3.25%), BlackRock Inc. (1.01%) and Renaissance Technologies LLC (0.53%). Insiders that own company stock include Christopher J Henderson, David Evans, David P Santrella, Edward G Atsinger III, Evan D Masyr and Stuart W Epperson.
View institutional ownership trends
.

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 $1.37.

How much money does Salem Media Group make?

Salem Media Group (NASDAQ:SALM) has a market capitalization of $37.29 million and generates $258.25 million in revenue each year. The company earns $41.51 million in net income (profit) each year or $0.56 on an earnings per share basis.

How many employees does Salem Media Group have?

The company employs 1,336 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 11/27/2022 by MarketBeat.com Staff