NASDAQ:SALM

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

$0.96

0.00 (0.00%)

(As of 05/26/2023 ET)

Compare

Today's Range: $0.95
▼
$0.97
50-Day Range: $0.94
▼
$1.09
52-Week Range: $0.92
▼
$2.92

Volume: 10,028 shs
Average Volume: 27,509 shs
Market Capitalization: $26.20 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: 419.5% Upside
$5.00 Price Target
Short Interest: Healthy
0.73% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.93
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.25) 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.

2.39 out of 5 stars

Consumer Discretionary Sector

106th out of 276 stocks

Radio Broadcasting Stations Industry

4th out of 9 stocks

3.5

Analyst's Opinion

Consensus Rating
Salem Media Group 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.
Price Target Upside/Downside
According to analysts' consensus price target of $5.00, Salem Media Group has a forecasted upside of 419.5% from its current price of $0.96.
Amount of Analyst Coverage
Salem Media Group has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.73% of the float of Salem Media Group has been sold short.
Short Interest Ratio / Days to Cover
Salem Media Group has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Salem Media Group has recently increased by 2.52%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Salem Media Group does not currently pay a dividend.
Dividend Growth
Salem Media Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

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

3.9

News and Social Media Coverage

News Sentiment
Salem Media Group has a news sentiment score of 0.93. 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 0.61 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Salem Media Group this week, compared to 1 article on an average week.
Search Interest
4 people have searched for SALM on MarketBeat in the last 30 days.
MarketBeat Follows
1 people have added Salem Media Group to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Salem Media Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
54.61% of the stock of Salem Media Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 13.12% of the stock of Salem Media Group is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Salem Media Group are expected to grow in the coming year, from ($0.25) to ($0.01) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Salem Media Group is -2.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Salem Media Group is -2.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Salem Media Group has a P/B Ratio of 0.15. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Salem Media Group (NASDAQ:SALM) Stock

Salem Media Group, Inc. engages in the provision of media specializing in Christian and conservative content. It operates through the following segments: Broadcast, Digital Media and Publishing. The Broadcast segment owns and operates radio stations in large metropolitan markets, which include national and local programming content. The Digital Media segment offers Christian, conservative, investing and health-themed content, e-commerce, audio and video streaming, and other resources digitally through the web. The Publishing segment consists of book publishing, self-publishing services and print and digital magazines. The company was founded by Stuart W. Epperson and Edward G. Atsinger III in 1986 and is headquartered in Irving, TX.

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SALM Stock News Headlines

May 25, 2023 | americanbankingnews.com

Salem Media Group (NASDAQ:SALM) Receives New Coverage from Analysts at StockNews.com

May 17, 2023 | americanbankingnews.com

Salem Media Group (NASDAQ:SALM) Now Covered by Analysts at StockNews.com

May 28, 2023 | Stocks To Trade (Ad)

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May 12, 2023 | msn.com

EF Hutton Maintains Salem Media Group Inc - (SALM) Buy Recommendation

May 9, 2023 | washingtonpost.com

Salem Communications: Q1 Earnings Snapshot

May 9, 2023 | finance.yahoo.com

Salem Media Group, Inc. Announces First Quarter 2023 Total Revenue of $63.5 Million

May 9, 2023 | americanbankingnews.com

Salem Media Group (NASDAQ:SALM) Coverage Initiated by Analysts at StockNews.com

May 7, 2023 | americanbankingnews.com

Salem Media Group (SALM) Set to Announce Earnings on Tuesday

May 28, 2023 | Stocks To Trade (Ad)

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May 4, 2023 | finance.yahoo.com

Salem Media Group Schedules First Quarter 2023 Earnings Release and Teleconference

May 2, 2023 | finance.yahoo.com

Salem Music Network Team Wins Radio’s Got Talent Award

May 1, 2023 | finance.yahoo.com

Salem Media Group Announces the Appointment of Carolyn Cassidy as General Manager of Salem Surround in Tampa

April 26, 2023 | finance.yahoo.com

Salem Media Group Announces Participation in the Channelchek Takeaway Series

April 23, 2023 | americanbankingnews.com

StockNews.com Initiates Coverage on Salem Media Group (NASDAQ:SALM)

April 16, 2023 | americanbankingnews.com

Salem Media Group (NASDAQ:SALM) Earns Hold Rating from Analysts at StockNews.com

April 13, 2023 | finance.yahoo.com

Salem Media Group of Tampa Announces a Postponed Tribute to Jack Harris and a Comeback Special with Mason Dixon

March 31, 2023 | americanbankingnews.com

Salem Media Group (NASDAQ:SALM) Now Covered by StockNews.com

March 29, 2023 | finance.yahoo.com

Salem Music Network Adds Kim Fitz to Syndication Lineup

March 27, 2023 | finance.yahoo.com

Salem Media Group Announces Issuance of Additional 7.125% Senior Notes due 2028 and Completion of Redemption of 6.75% Senior Notes due 2024

March 22, 2023 | finance.yahoo.com

Salem Media Group Announces New Podcast with Meredith Chen on the Senior Resource Podcast Network

March 15, 2023 | finance.yahoo.com

Salem Media Group Announces New Podcast with Lena Armuth on the Senior Resource Podcast Network

March 10, 2023 | finance.yahoo.com

Salem Media Group, Inc. (NASDAQ:SALM) Q4 2022 Earnings Call Transcript

March 9, 2023 | finance.yahoo.com

Q4 2022 Salem Media Group Inc Earnings Call

March 8, 2023 | apnews.com

Salem Communications: Q4 Earnings Snapshot

March 8, 2023 | finance.yahoo.com

Salem Media Group, Inc. Announces Fourth Quarter 2022 Total Revenue of $68.8 Million

March 7, 2023 | benzinga.com

Earnings Outlook For Salem Media Group

March 1, 2023 | finance.yahoo.com

Salem Media Group Schedules Fourth Quarter 2022 Earnings Release and Teleconference

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SALM Company Calendar

Last Earnings: 3/08/2023
Today: 5/28/2023
Next Earnings (Estimated): 8/03/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Radio broadcasting stations
Sub-Industry: Broadcasting
Sector: Consumer Discretionary
Current Symbol: NASDAQ:SALM
CUSIP: 79409310
CIK: 1050606
Web: www.salemmedia.com
Phone: (469) 586-0080
Fax: 805-384-4520
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: +419.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.38)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-3,240,000.00
Net Margins: -3.78%
Pretax Margin: -4.70%
Return on Equity: -0.22%
Return on Assets: -0.08%

Debt

Debt-to-Equity Ratio: 0.89
Current Ratio: 0.58
Quick Ratio: 0.56

Sales & Book Value

Annual Sales: $266.97 million
Price / Sales: 0.10
Cash Flow: $0.68 per share
Price / Cash Flow: 1.41
Book Value: $6.26 per share
Price / Book: 0.15

Miscellaneous

Outstanding Shares: 27,220,000
Free Float: 12,353,000
Market Cap: $26.20 million
Optionable: Optionable
Beta: 1.21

Social Links

Key Executives

David P. Santrella
Chief Executive Officer

David A. R. Evans
Chief Operating Officer

Evan D. Masyr
Chief Financial Officer & Executive Vice President

Mike Reed
Senior Vice President

Jeff Reisman
Vice President & General Manager-Chicago Cluster

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 brokers have issued 1 year price targets for Salem Media Group's stock. Their SALM share price forecasts range from $5.00 to $5.00. On average, they expect the company's stock price to reach $5.00 in the next year. This suggests a possible upside of 419.5% 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 shares have decreased by 8.3% and is now trading at $0.9624.
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, August 3rd 2023.
View our SALM earnings forecast.
How were Salem Media Group's earnings last quarter?: Salem Media Group, Inc. (NASDAQ:SALM) posted its quarterly earnings data on Wednesday, March, 8th. The company reported ($0.02) earnings per share for the quarter. The company earned $68.81 million during the quarter. Salem Media Group had a negative trailing twelve-month return on equity of 0.22% and a negative net margin of 3.78%.
What guidance has Salem Media Group issued on next quarter's earnings?: Salem Media Group issued an update on its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $63.89 million-$65.27 million, compared to the consensus revenue estimate of $65.60 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 many different institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (0.44%), Renaissance Technologies LLC (0.35%) and Susquehanna International Group LLP (0.15%). Insiders that own company stock include Christopher J Henderson, David Evans, David P Santrella and Evan D Masyr.
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 $0.96.
How much money does Salem Media Group make?: Salem Media Group (NASDAQ:SALM) has a market capitalization of $26.20 million and generates $266.97 million in revenue each year. The company earns $-3,240,000.00 in net income (profit) each year or ($0.38) 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 5/28/2023 by MarketBeat.com Staff

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