NASDAQ:SALMSalem Media Group Stock Price, Forecast & News

$1.05

+0.02 (+1.94 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$1.01

Now: $1.05▼

$1.08

50-Day Range

$0.69

MA: $0.84▼

$1.03

52-Week Range

$0.65

Now: $1.05▼

$2.50

Volume93,849 shs

Average Volume76,686 shs

Market Capitalization$28.02 million

P/E RatioN/A

Dividend Yield9.71%

Beta1.42

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 potential upside of 90.5% from its current price of $1.05.
Amount of Analyst Coverage
Salem Media Group has only been the subject of 1 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Salem Media Group has received 222 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Salem Media Group has received 248 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Salem Media Group has received 52.77% “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.

1.7 Dividend Strength

Dividend Leadership
Salem Media Group is a leading dividend payer. It pays a dividend yield of 9.71%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Salem Media Group does not have a long track record of dividend growth.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Salem Media Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $300,661.00 in company stock and sold $0.00 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 15.17% 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 ($2.13) to ($0.42) 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^™

2.56 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 Ratio1.98

Current Ratio0.68

Quick Ratio0.77

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$0.51 per share

Price / Cash Flow2.05

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-33.12%

Return on Equity-27.51%

Return on Assets-8.82%

Miscellaneous

Employees1,487

Outstanding Shares26,682,000

Market Cap$28.02 million

Next Earnings Date8/13/2020 (Estimated)

OptionableOptionable

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Salem Media Group (NASDAQ:SALM) Frequently Asked Questions

How has Salem Media Group's stock 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 shares have decreased by 9.5% and is now trading at $1.05. View which stocks have been most impacted by Coronavirus.

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 Thursday, August 13th 2020. View our earnings forecast for Salem Media Group.

How were Salem Media Group's earnings last quarter?

Salem Media Group Inc (NASDAQ:SALM) released its quarterly earnings results on Monday, June, 1st. The company reported ($2.06) EPS for the quarter, missing the Zacks' consensus estimate of $0.03 by $2.09. The business earned $58.25 million during the quarter. Salem Media Group had a negative return on equity of 27.51% and a negative net margin of 33.12%. 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 declared 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 is Monday, March 23rd. View Salem Media Group's dividend history.

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

Salem Media Group updated its first quarter 2020 After-Hours earnings guidance on Thursday, March, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $59.29-60.5 million, compared to the consensus revenue estimate of $62.28 million.

What price target have analysts set for SALM?

1 brokers have issued 12-month price objectives for Salem Media Group's shares. Their forecasts range from $2.00 to $2.00. On average, they anticipate Salem Media Group's stock price to reach $2.00 in the next twelve months. This suggests a possible upside of 90.5% from the stock's current price. View analysts' price targets for Salem Media Group.

Has Salem Media Group been receiving favorable news coverage?

Media stories about SALM stock have been trending negative on Saturday, InfoTrie reports. The research firm ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Salem Media Group earned a coverage optimism score of -2.7 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near term. View the latest news aboutSalem Media Group.

Are investors shorting Salem Media Group?

Salem Media Group saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 292,600 shares, an increase of 7.1% from the April 15th total of 273,200 shares. Based on an average daily volume of 70,300 shares, the days-to-cover ratio is currently 4.2 days. Approximately 2.6% of the shares of the company are short sold. View Salem Media Group's Current Options Chain.

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), Exxon Mobil (XOM), AT&T (T), British American Tobacco (BTI), Ford Motor (F), NovaBay Pharmaceuticals (NBY), NovaBay Pharmaceuticals (NBY), Opko Health (OPK) 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 a number of institutional and retail investors. Top institutional investors include Gamco Investors INC. ET AL (1.94%), Gabelli Funds LLC (1.16%) and Teton Advisors Inc. (0.37%). Company insiders that own Salem Media Group stock include Christopher J Henderson, David P Santrella, Edward G Atsinger III, Evan D Masyr and Stuart W Epperson. 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 Gamco Investors INC. ET AL, Gabelli Funds LLC, and Teton Advisors Inc.. Company insiders that have sold Salem Media Group company stock in the last year include Christopher J Henderson, and Evan D Masyr. 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]

This page was last updated on 6/6/2020 by MarketBeat.com Staff