NASDAQ:SALM

Salem Media Group Stock Forecast, Price & News

$1.05

+0.14 (+15.38 %)

(As of 09/25/2020 12:00 AM ET)

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Today's Range

$0.89

Now: $1.05▼

$1.14

50-Day Range

$0.91

MA: $1.15▼

$1.62

52-Week Range

$0.65

Now: $1.05▼

$2.62

Volume2.85 million shs

Average Volume761,937 shs

Market Capitalization$28.02 million

P/E RatioN/A

Dividend YieldN/A

Beta1.52

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, 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 SermonSearch.com, ChurchStaffing.com, WorshipHouseMedia.com, SermonSpice.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; Xulon Press, a print-on-demand self-publishing service; and Mill City Press 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.

Beat the Market (BTM) Rank^™

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 $2.00, Salem Media Group has a forecasted upside of 90.5% from its current price of $1.05.
Amount of Analyst Coverage
Salem Media Group has received no research coverage in the past 90 days.

2.4 Community Rank

Outperform Votes
Salem Media Group has received 224 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Salem Media Group has received 251 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Salem Media Group has received 52.84% “underperform” votes from our community.

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.

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.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Salem Media Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $49,026.00 in company stock.
Percentage Held by Insiders
59.66% 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 11.56% 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 ($1.65) to ($0.09) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Salem Media Group is -0.34, 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 -0.34, 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.

Overall Beat the Market Rank^™

1.63 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Radio broadcasting stations

Sub-IndustryBroadcasting

SectorConsumer Discretionary

Current SymbolNASDAQ:SALM

Previous Symbol

CUSIP79409310

CIK1050606

Webwww.salemmedia.com

Phone805-987-0400

Debt

Debt-to-Equity Ratio2.01

Current Ratio0.75

Quick Ratio0.74

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$253.90 million

Price / Sales0.11

Cash Flow$0.35 per share

Price / Cash Flow2.97

Book Value$7.11 per share

Price / Book0.15

Profitability

EPS (Most Recent Fiscal Year)($0.30)

Net Income$-27,840,000.00

Net Margins-34.28%

Return on Equity-30.65%

Return on Assets-8.97%

Miscellaneous

Employees1,487

Outstanding Shares26,682,000

Market Cap$28.02 million

Next Earnings Date11/10/2020 (Estimated)

OptionableOptionable

$1.05

+0.14 (+15.38 %)

(As of 09/25/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Salem Media Group (NASDAQ:SALM) Frequently Asked Questions

How has Salem Media Group's stock price been impacted by COVID-19 (Coronavirus)?

Salem Media Group's stock was trading at $1.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SALM stock has decreased by 9.5% and is now trading at $1.05.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Salem Media Group?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Salem Media Group in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Salem Media Group.

When is Salem Media Group's next earnings date?

Salem Media Group is scheduled to release its next quarterly earnings announcement on Tuesday, November 10th 2020.
View our earnings forecast for Salem Media Group.

How were Salem Media Group's earnings last quarter?

Salem Media Group Inc (NASDAQ:SALM) announced its quarterly earnings results on Thursday, August, 6th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.23. The company had revenue of $52.87 million for the quarter, compared to analysts' expectations of $50.58 million. Salem Media Group had a negative net margin of 34.28% and a negative return on equity of 30.65%.
View Salem Media Group's earnings history.

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

Salem Media Group announced a quarterly dividend on Thursday, March 12th. Investors of record on Tuesday, March 24th will be given a dividend of $0.025 per share on Tuesday, March 31st. This represents a $0.10 annualized dividend and a yield of 9.52%. The ex-dividend date of this dividend is Monday, March 23rd.
View Salem Media Group's dividend history.

What price target have analysts set for SALM?

1 brokers have issued 1-year price targets for Salem Media Group's stock. Their forecasts range from $2.00 to $2.00. On average, they anticipate Salem Media Group's share price to reach $2.00 in the next year. This suggests a possible upside of 90.5% from the stock's current price.
View analysts' price targets for Salem Media Group.

Are investors shorting Salem Media Group?

Salem Media Group saw a increase in short interest in September. As of September 15th, there was short interest totaling 1,260,000 shares, an increase of 68.9% from the August 31st total of 746,100 shares. Based on an average daily volume of 1,700,000 shares, the days-to-cover ratio is presently 0.7 days. Currently, 11.3% of the company's stock are short sold.
View Salem Media Group's Short Interest.

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

Some companies that are related to Salem Media Group include Discovery Communications (DISCA), Liberty Media Formula One Series A (FWONA), Nexstar Media Group (NXST), Sinclair Broadcast Group (SBGI), Central European Media Enterprises (CETV), Entercom Communications (ETM), Saga Communications (SGA), Entravision Communication (EVC) and Beasley Broadcast Group (BBGI).
View all 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 Sirius XM (SIRI), Pandora Media (P), Adamis Pharmaceuticals (ADMP), Ford Motor (F), Exxon Mobil (XOM), Advanced Micro Devices (AMD), Opko Health (OPK), Overstock.com (OSTK), Primo Water (PRMW) and Prospect Capital (PSEC).

Who are Salem Media Group's key executives?

Salem Media Group's management team includes the following people:

Mr. Edward G. Atsinger III, CEO & Director (Age 79)
Mr. David A. R. Evans, Pres of New Media (Age 56)
Mr. Evan D. Masyr, Exec. VP & CFO (Age 47)
Mr. Mike Moran, VP of Operations
Mr. Christopher J. Henderson, Exec. VP of Legal & HR, Gen. Counsel and Sec. (Age 55)

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 investors include Gamco Investors INC. ET AL (1.64%), Bridgeway Capital Management Inc. (1.13%), Gabelli Funds LLC (0.94%), RBF Capital LLC (0.14%) and Jane Street Group LLC (0.09%). Company insiders that own Salem Media Group 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 for Salem Media Group.

Which institutional investors are selling Salem Media Group stock?

SALM stock was sold by a variety of institutional investors in the last quarter, including Gamco Investors INC. ET AL, and Gabelli Funds LLC. Company insiders that have sold Salem Media Group company stock in the last year include Christopher J Henderson, and David Evans.
View insider buying and selling activity for Salem Media Group.

Which institutional investors are buying Salem Media Group stock?

SALM stock was purchased by a variety of institutional investors in the last quarter, including Bridgeway Capital Management Inc., RBF Capital LLC, and Jane Street Group LLC. Company insiders that have bought Salem Media Group stock in the last two years include Edward G Atsinger III, and Stuart W Epperson.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Salem Media Group's stock price today?

One share of SALM stock can currently be purchased for approximately $1.05.

How big of a company is Salem Media Group?

Salem Media Group has a market capitalization of $28.02 million and generates $253.90 million in revenue each year. The company earns $-27,840,000.00 in net income (profit) each year or ($0.30) on an earnings per share basis. Salem Media Group employs 1,487 workers across the globe.

What is Salem Media Group's official website?

The official website for Salem Media Group is 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]om.

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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