Log in

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

$0.91
-0.09 (-9.00 %)
(As of 03/30/2020 09:08 AM ET)
Today's Range
$0.91
Now: $0.91
$1.06
50-Day Range
$0.79
MA: $1.20
$1.39
52-Week Range
$0.65
Now: $0.91
$2.68
Volume90,093 shs
Average Volume86,112 shs
Market Capitalization$24.28 million
P/E RatioN/A
Dividend Yield10.99%
Beta1.56
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.
Read More
Salem Media Group logo

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$253.90 million
Cash Flow$0.43 per share
Book Value$7.11 per share

Profitability

Net Income$-27,840,000.00

Miscellaneous

Employees1,487
Market Cap$24.28 million
Next Earnings Date5/8/2020 (Estimated)
OptionableOptionable

Receive SALM News and Ratings via Email

Sign-up to receive the latest news and ratings for SALM and its competitors with MarketBeat's FREE daily newsletter.


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 Coronavirus reached pandemic status according to the World Health Organization. Since then, SALM stock has decreased by 21.5% and is now trading at $0.9101. View which stocks have been mosted 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 Friday, May 8th 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 data on Tuesday, November, 12th. The company reported ($0.75) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by $0.74. The business earned $64.12 million during the quarter, compared to the consensus estimate of $62.30 million. Salem Media Group had a negative net margin of 10.97% and a negative return on equity of 3.89%. 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. Stockholders 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 dividend on an annualized basis and a yield of 10.99%. 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 issued an update on its first quarter 2020 After-Hours earnings guidance on Thursday, March, 12th. The company provided earnings per share (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 equities research analysts have issued twelve-month price objectives for Salem Media Group's stock. Their forecasts range from $3.25 to $3.25. On average, they expect Salem Media Group's share price to reach $3.25 in the next year. This suggests a possible upside of 257.1% from the stock's current price. View analysts' price targets for Salem Media Group.

Has Salem Media Group been receiving favorable news coverage?

Headlines about SALM stock have been trending somewhat negative on Monday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Salem Media Group earned a news impact score of -1.0 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutSalem Media Group.

Are investors shorting Salem Media Group?

Salem Media Group saw a increase in short interest in February. As of February 28th, there was short interest totaling 265,400 shares, an increase of 38.8% from the February 13th total of 191,200 shares. Based on an average trading volume of 78,300 shares, the days-to-cover ratio is presently 3.4 days. Currently, 2.3% of the shares of the stock are short sold. View Salem Media Group's Current Options Chain.

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 Sirius XM (SIRI), Exxon Mobil (XOM), Pandora Media (P), Opko Health (OPK), Ford Motor (F), AT&T (T), Prospect Capital (PSEC), British American Tobacco (BTI), General Motors (GM) and Verizon Communications (VZ).

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 variety of retail and institutional investors. Top institutional investors 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, 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 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 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 OneAscent Financial Services LLC, Atria Investments LLC, and Renaissance Technologies 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 $0.91.

How big of a company is Salem Media Group?

Salem Media Group has a market capitalization of $24.28 million and generates $253.90 million in revenue each year. Salem Media Group employs 1,487 workers across the globe. View additional information about Salem Media Group.

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:  218 (Vote Outperform)
Underperform Votes:  247 (Vote Underperform)
Total Votes:  465
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 3/30/2020 by MarketBeat.com Staff

Featured Article: What is the G-20?

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel