NASDAQ:SALM - Salem Media Group Stock Price, News, & Analysis

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$2.59 +0.06 (+2.37 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$2.53
Today's Range$2.50 - $2.6150
52-Week Range$2.03 - $6.25
Volume9,296 shs
Average Volume34,505 shs
Market Capitalization$67.82 million
P/E Ratio28.78
Dividend Yield10.28%
Beta1.68
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 radio networks, which produce and distribute talk, news, and music programming to radio stations, as well as sells commercial airtime. It also provides Christian and conservative content, investing and health-themed content, e-commerce, audio and video streaming, and other resources digitally through Christian content Websites, including 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 conservative opinion Websites, such as Townhall.com, HotAir.com, Twitchy.com, RedState.com, BearingArms.com, HumanEvents.com, and ConservativeRadio.com. In addition, the company publishes digital newsletters that provide market analysis and non-individualized investment strategies; and operates Church product Websites comprising SermonSpice.com, ChurchStaffing.com, WorshipHouseMedia.com, SermonSearch.com, WorshipHouseKids.com, Preaching.com, ChristianJobs.com, and Youthworker.com that offer digital resources to pastors and Church leaders, as well as operates Eagle Wellness, an e-commerce site that sells nutritional supplements. Further, it offers publication of conservative, Christian, and history books, such as Ann Coulter, Dinesh D'Souza, Newt Gingrich, David Limbaugh, Ed Klein, and Mark Steyn; Xulon Press, a print-on-demand self-publishing service; and Mill City Press and Bookprinting.com that publishes books, as well as Singing News print magazine. The company was formerly known as Salem Communications Corporation and changed its name to Salem Media Group, Inc. in February 2015. Salem Media Group, Inc. was founded in 1986 and is headquartered in Camarillo, California.

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Industry, Sector and Symbol

Industry Radio broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
Current SymbolNASDAQ:SALM
CUSIP79409310
Phone805-987-0400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$262.78 million
Cash Flow$0.8355 per share
Book Value$8.47 per share

Profitability

Net Income$-3,190,000.00

Miscellaneous

Employees1,552
Market Cap$67.82 million
Next Earnings Date5/14/2019 (Estimated)
OptionableOptionable

Salem Media Group (NASDAQ:SALM) Frequently Asked Questions

What is Salem Media Group's stock symbol?

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

How often does Salem Media Group pay dividends? What is the dividend yield for Salem Media Group?

Salem Media Group declared a quarterly dividend on Friday, March 8th. Stockholders of record on Tuesday, March 19th will be paid a dividend of $0.065 per share on Friday, March 29th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 10.04%. The ex-dividend date of this dividend is Monday, March 18th. View Salem Media Group's Dividend History.

How were Salem Media Group's earnings last quarter?

Salem Media Group Inc (NASDAQ:SALM) released its quarterly earnings data on Tuesday, March, 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.08. The business earned $67.19 million during the quarter, compared to the consensus estimate of $66.50 million. Salem Media Group had a positive return on equity of 1.42% and a negative net margin of 1.21%. View Salem Media Group's Earnings History.

When is Salem Media Group's next earnings date?

Salem Media Group is scheduled to release their next quarterly earnings announcement on Tuesday, May 14th 2019. View Earnings Estimates for Salem Media Group.

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

Salem Media Group issued an update on its first quarter 2019 earnings guidance on Tuesday, March, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $65.714-66.99 million, compared to the consensus revenue estimate of $64.43 million.

What price target have analysts set for SALM?

3 brokerages have issued 12 month target prices for Salem Media Group's stock. Their forecasts range from $3.50 to $3.50. On average, they anticipate Salem Media Group's share price to reach $3.50 in the next year. This suggests a possible upside of 35.1% from the stock's current price. View Analyst Price Targets for Salem Media Group.

What is the consensus analysts' recommendation for Salem Media Group?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Salem Media Group in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Salem Media Group.

Has Salem Media Group been receiving favorable news coverage?

News headlines about SALM stock have trended positive recently, InfoTrie reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Salem Media Group earned a news impact score of 2.2 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future.

Who are some of Salem Media Group's key competitors?

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 WPX Energy (WPX), Two Harbors Investment (TWO), Sirius XM (SIRI), New Residential Investment (NRZ), Sangamo Therapeutics (SGMO), ANNALY CAP MGMT/SH (NLY), General Electric (GE), Prospect Capital (PSEC), Sprint (S) and Advanced Micro Devices (AMD).

Who are Salem Media Group's key executives?

Salem Media Group's management team includes the folowing people:
  • Mr. Edward G. Atsinger III, CEO & Director (Age 79)
  • Mr. Evan D. Masyr, Exec. VP & CFO (Age 47)
  • Mr. Christopher J. Henderson, Exec. VP of Legal & HR, Gen. Counsel and Sec. (Age 55)
  • Mr. David A. R. Evans, Pres of New Media (Age 56)
  • Mr. David P. Santrella, Pres of Broadcast Media (Age 57)

Who are Salem Media Group's major shareholders?

Salem Media Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (4.82%), Dimensional Fund Advisors LP (4.82%), Gamco Investors INC. ET AL (3.24%), Teton Advisors Inc. (2.10%), Gabelli Funds LLC (2.09%) and Ancora Advisors LLC (1.56%). Company insiders that own Salem Media Group stock include Christopher J Henderson, David Evans, Edward G Atsinger III and Evan D Masyr. View Institutional Ownership Trends for Salem Media Group.

Which major investors are selling Salem Media Group stock?

SALM stock was sold by a variety of institutional investors in the last quarter, including Algert Global LLC, Millennium Management LLC, First Wilshire Securities Management Inc., Teton Advisors Inc., Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Gamco Investors INC. ET AL and Gabelli Funds LLC. View Insider Buying and Selling for Salem Media Group.

Which major investors are buying Salem Media Group stock?

SALM stock was purchased by a variety of institutional investors in the last quarter, including Ancora Advisors LLC, Municipal Employees Retirement System of Michigan, Bank of New York Mellon Corp, Acadian Asset Management LLC and North Star Investment Management Corp.. View Insider Buying and Selling for Salem Media Group.

How do I buy shares of Salem Media Group?

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

What is Salem Media Group's stock price today?

One share of SALM stock can currently be purchased for approximately $2.59.

How big of a company is Salem Media Group?

Salem Media Group has a market capitalization of $67.82 million and generates $262.78 million in revenue each year. The company earns $-3,190,000.00 in net income (profit) each year or $0.09 on an earnings per share basis. Salem Media Group employs 1,552 workers across the globe.

What is Salem Media Group's official website?

The official website for Salem Media Group is http://www.salemmedia.com.

How can I contact Salem Media Group?

Salem Media Group's mailing address is 4880 SANTA ROSA ROAD, CAMARILLO CA, 93012. The company can be reached via phone at 805-987-0400 or via email at [email protected]


MarketBeat Community Rating for Salem Media Group (NASDAQ SALM)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  163 (Vote Outperform)
Underperform Votes:  186 (Vote Underperform)
Total Votes:  349
MarketBeat's community ratings are surveys of what our community members think about Salem Media Group and other stocks. Vote "Outperform" if you believe SALM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SALM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/22/2019 by MarketBeat.com Staff

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