NASDAQ:SALM

Salem Media Group Stock Forecast, Price & News

$1.65

0.00 (0.00 %)

(As of 01/25/2021 12:00 AM ET)

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Today's Range

$1.60

Now: $1.65▼

$1.69

50-Day Range

$1.02

MA: $1.24▼

$1.75

52-Week Range

$0.65

Now: $1.65▼

$2.62

Volume272,983 shs

Average Volume520,594 shs

Market Capitalization$44.03 million

P/E RatioN/A

Dividend YieldN/A

Beta1.66

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, Website, satellite services, and music networking to radio stations, as well as sells commercial airtime. It also provides Christian, conservative, 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, ConservativeRadio.com, and pjmedia.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, Youthworker.com, Childrens-Ministry-Deals.com, JourneyBoxMedia.com, and Playblackmedia.com that offer resources to churches and ministries. 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.

MarketRank^™

Overall MarketRank^™

1.40 out of 5 stars

Consumer Discretionary Sector

153rd out of 567 stocks

Radio Broadcasting Stations Industry

4th out of 20 stocks

2.5 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 21.2% from its current price of $1.65.
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 227 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Salem Media Group has received 254 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Salem Media Group has received 52.81% “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.

0.8 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 $3,960.00 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 8.17% 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 ($1.59) to ($0.09) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Salem Media Group is -0.71, 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 -0.71, 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 0.23. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

Employees1,487

Year FoundedN/A

Debt

Debt-to-Equity Ratio1.62

Current Ratio0.87

Quick Ratio0.86

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 / Sales0.17

Cash Flow$0.48 per share

Price / Cash Flow3.43

Book Value$7.11 per share

Price / Book0.23

Profitability

EPS (Most Recent Fiscal Year)($0.30)

Net Income$-27,840,000.00

Net Margins-26.19%

Return on Equity-32.58%

Return on Assets-8.79%

Miscellaneous

Outstanding Shares26,682,000

Market Cap$44.03 million

Next Earnings Date3/11/2021 (Estimated)

OptionableOptionable

$1.65

0.00 (0.00 %)

(As of 01/25/2021 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 been impacted by Coronavirus (COVID-19)?

Salem Media Group's stock was trading at $1.16 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SALM shares have increased by 42.2% and is now trading at $1.65.
View which stocks have been most impacted by COVID-19.

Is Salem Media Group a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Salem Media Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Salem Media Group stock.
View analyst ratings for Salem Media Group or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Salem Media Group?

Wall Street analysts have given Salem Media Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Salem Media Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Edward G. Atsinger III's approval rating as Salem Media Group's CEO?

247 employees have rated Salem Media Group CEO Edward G. Atsinger III on Glassdoor.com. Edward G. Atsinger III has an approval rating of 87% among Salem Media Group's employees.

When is Salem Media Group's next earnings date?

Salem Media Group is scheduled to release its next quarterly earnings announcement on Thursday, March 11th 2021.
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 Thursday, November, 12th. The company reported $0.05 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.03) by $0.08. The company earned $60.64 million during the quarter, compared to analyst estimates of $57.14 million. Salem Media Group had a negative net margin of 26.19% and a negative trailing twelve-month return on equity of 32.58%.
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. Shareholders of record on Tuesday, March 24th will be paid a dividend of $0.025 per share on Tuesday, March 31st. This represents a $0.10 annualized dividend and a yield of 6.06%. The ex-dividend date is Monday, March 23rd.
View Salem Media Group's dividend history.

What price target have analysts set for SALM?

1 Wall Street analysts have issued 12-month target prices 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 twelve months. This suggests a possible upside of 21.2% from the stock's current price.
View analysts' price targets for Salem Media Group or view Wall Street analyst' top-rated stocks.

Are investors shorting Salem Media Group?

Salem Media Group saw a decrease in short interest in the month of December. As of December 31st, there was short interest totaling 739,200 shares, a decrease of 28.2% from the December 15th total of 1,030,000 shares. Based on an average daily trading volume, of 875,600 shares, the short-interest ratio is currently 0.8 days. Approximately 6.6% of the shares of the stock are sold short.
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 (DISCA), Formula One Group (FWONA), Nexstar Media Group (NXST), Sinclair Broadcast Group (SBGI), Entercom Communications (ETM), Entravision Communications (EVC) and Beasley Broadcast Group (BBGI).
View all of SALM's 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), Trevena (TRVN), OPKO Health (OPK), Advanced Micro Devices (AMD), CTI BioPharma (CTIC), TherapeuticsMD (TXMD), Arbutus Biopharma (ABUS), Adamis Pharmaceuticals (ADMP), Ampio Pharmaceuticals (AMPE) and Biocept (BIOC).

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 81, Pay $948.92k)
Mr. David A. R. Evans, Pres of New Media (Age 58, Pay $567.78k)
Mr. David P. Santrella, Pres of Broadcast Media (Age 59, Pay $532.25k)
Mr. Evan D. Masyr, Exec. VP & CFO (Age 49)
Mr. Christopher J. Henderson, Exec. VP of Legal & HR, Gen. Counsel and Sec. (Age 57)
Mr. Allen Power, Sr. VP of Radio Division
Mr. Ron Walters, Sr. VP of Ministry Relations
Ms. Linnae Young, Sr. VP of Broadcast Operations
Mr. Chris Gould, Sr. VP of National Programming
Mr. Phil Boyce, Sr. VP of Salem Radio Network & Spoken Word Formats

What is Salem Media Group's stock symbol?

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

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 WeBull, 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 $1.65.

How big of a company is Salem Media Group?

Salem Media Group has a market capitalization of $44.03 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 1/26/2021 by MarketBeat.com Staff

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