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

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

Salem Media Group declared a quarterly dividend on Thursday, December 12th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.025 per share on Monday, December 30th. This represents a $0.10 annualized dividend and a dividend yield of 7.30%. The ex-dividend date of this dividend is Friday, December 20th. View Salem Media Group's Dividend History.

Salem Media Group Inc (NASDAQ:SALM) posted its quarterly earnings data on Tuesday, November, 12th. The company reported ($0.75) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.01) by $0.74. The company had revenue of $64.12 million for the quarter, compared to the consensus estimate of $62.30 million. Salem Media Group had a negative net margin of 10.29% and a negative return on equity of 1.79%. View Salem Media Group's Earnings History.

Salem Media Group is scheduled to release their next quarterly earnings announcement on Tuesday, March 10th 2020. View Earnings Estimates for Salem Media Group.

2 equities research analysts have issued 1-year target prices for Salem Media Group's shares. Their forecasts range from $3.25 to $3.25. On average, they anticipate Salem Media Group's share price to reach $3.25 in the next twelve months. This suggests a possible upside of 137.2% from the stock's current price. View Analyst Price Targets for Salem Media Group.

2 Wall Street 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, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Salem Media Group.

Media headlines about SALM stock have been trending extremely negative recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Salem Media Group earned a daily sentiment score of -4.0 on InfoTrie's scale. They also assigned news coverage 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 stock's share price in the immediate future. View News Stories for Salem Media Group.

Salem Media Group saw a drop in short interest during the month of January. As of January 15th, there was short interest totalling 175,300 shares, a drop of 11.6% from the December 31st total of 198,200 shares. Based on an average trading volume of 66,200 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.5% of the shares of the stock are short sold. View Salem Media Group's Current Options Chain.

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).

Based on aggregate information from My MarketBeat watchlists, some companies that other Salem Media Group investors own include Sirius XM (SIRI), Pandora Media (P), Washington Prime Group (WPG), Exxon Mobil (XOM), Abraxas Petroleum (AXAS), MannKind (MNKD), Trevena (TRVN), Gannett (GCI), AT&T (T) and AVEO Pharmaceuticals (AVEO).

Salem Media Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Gabelli Funds LLC (1.44%), Ancora Advisors LLC (1.26%), Renaissance Technologies LLC (0.94%), Foundry Partners LLC (0.92%), Acadian Asset Management LLC (0.19%) and OneAscent Financial Services LLC (0.13%). Company insiders that own Salem Media Group stock include Christopher J Henderson, David P Santrella, Edward G Atsinger III and Evan D Masyr. View Institutional Ownership Trends for Salem Media Group.

SALM stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Foundry Partners LLC, Ancora Advisors LLC and Gabelli Funds LLC. Company insiders that have sold Salem Media Group company stock in the last year include Christopher J Henderson, David P Santrella and Evan D Masyr. View Insider Buying and Selling for Salem Media Group.

SALM stock was purchased by a variety of institutional investors in the last quarter, including OneAscent Financial Services LLC, Atria Investments LLC and Renaissance Technologies LLC. View Insider Buying and Selling for 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.

One share of SALM stock can currently be purchased for approximately $1.37.

Salem Media Group has a market capitalization of $36.55 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.View Additional Information About Salem Media Group.

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

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]