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NASDAQ:SALMSalem Media Group Stock Price, Forecast & News

$0.90
+0.02 (+2.27 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$0.86
Now: $0.90
$0.91
50-Day Range
$0.69
MA: $0.83
$0.97
52-Week Range
$0.65
Now: $0.90
$2.50
Volume56,777 shs
Average Volume54,422 shs
Market Capitalization$24.01 million
P/E RatioN/A
Dividend Yield11.11%
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.44 out of 5 stars


Industry, Sector and Symbol

Industry Radio broadcasting stations
Sub-IndustryBroadcasting
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$24.01 million
Next Earnings Date6/1/2020 (Confirmed)
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 reached pandemic status according to the World Health Organization. Since then, SALM stock has decreased by 22.4% and is now trading at $0.8998. 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 Monday, June 1st 2020. View our earnings forecast for Salem Media Group.

How can I listen to Salem Media Group's earnings call?

Salem Media Group will be holding an earnings conference call on Monday, June 1st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Salem Media Group's earnings last quarter?

Salem Media Group Inc (NASDAQ:SALM) issued its quarterly earnings data on Thursday, March, 12th. The company reported ($0.17) earnings per share (EPS) for the quarter. The firm earned $64.63 million during the quarter. Salem Media Group had a negative return on equity of 3.89% and a negative net margin of 10.97%. 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 dividend on an annualized basis and a dividend yield of 11.11%. The ex-dividend date of this dividend 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 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 Wall Street analysts have issued twelve-month target prices for Salem Media Group's stock. Their forecasts range from $3.25 to $3.25. On average, they expect Salem Media Group's stock price to reach $3.25 in the next year. This suggests a possible upside of 261.2% 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 trended extremely negative this week, according to InfoTrie. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Salem Media Group earned a coverage optimism score of -4.0 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutSalem Media Group.

Are investors shorting Salem Media Group?

Salem Media Group saw a increase in short interest in 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 trading volume of 70,300 shares, the short-interest ratio is currently 4.2 days. Currently, 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?

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 many different retail and institutional investors. Top institutional shareholders 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 $0.90.

How big of a company is Salem Media Group?

Salem Media Group has a market capitalization of $24.01 million and generates $253.90 million in revenue each year. 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 5/31/2020 by MarketBeat.com Staff

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