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

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

Salem Media Group declared a quarterly dividend on Wednesday, May 15th. Shareholders of record on Friday, June 14th will be given a dividend of $0.065 per share on Friday, June 28th. This represents a $0.26 annualized dividend and a yield of 15.38%. The ex-dividend date of this dividend is Thursday, June 13th. View Salem Media Group's Dividend History.

Salem Media Group Inc (NASDAQ:SALM) released its quarterly earnings results on Wednesday, August, 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.08 by $0.16. The company had revenue of $66.27 million for the quarter, compared to the consensus estimate of $65.65 million. Salem Media Group had a negative return on equity of 0.94% and a negative net margin of 2.01%. View Salem Media Group's Earnings History.

Salem Media Group is scheduled to release their next quarterly earnings announcement on Wednesday, November 6th 2019. View Earnings Estimates for Salem Media Group.

Salem Media Group updated its third quarter 2019 earnings guidance on Thursday, August, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $61.57-62.88 million, compared to the consensus revenue estimate of $63.58 million.

2 equities research analysts have issued 1 year price targets for Salem Media Group's shares. Their predictions range from $3.25 to $3.25. On average, they anticipate Salem Media Group's share price to reach $3.25 in the next year. This suggests a possible upside of 92.3% 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.

News stories about SALM stock have been trending negative this week, InfoTrie reports. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Salem Media Group earned a media sentiment score of -2.3 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Salem Media Group.

Salem Media Group saw a decline in short interest in the month of July. As of July 15th, there was short interest totalling 112,100 shares, a decline of 19.4% from the June 15th total of 139,000 shares. Based on an average trading volume of 83,700 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.9% of the company's shares are sold short. View Salem Media Group's Current Options Chain.

Some companies that are related to Salem Media Group include Townsquare Media (TSQ), Urban One (UONE), iHeartMedia (IHRTQ), Beasley Broadcast Group (BBGI), Urban One (UONEK), MODERN MEDIA AC/SH SH (MMDM), Emmis Communications (EMMS), Spanish Broadcasting System (SBSAA) and CUR Media (CURM).

Based on aggregate information from My MarketBeat watchlists, some companies that other Salem Media Group investors own include Pandora Media (P), Sirius XM (SIRI), Prospect Capital (PSEC), Ford Motor (F), ANNALY CAP MGMT/SH (NLY), WPX Energy (WPX), Yamana Gold (YRI), Novavax (NVAX), Overstock.com (OSTK) and Boeing (BA).

Salem Media Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Gamco Investors INC. ET AL (2.91%), Gabelli Funds LLC (1.72%), Vanguard Group Inc. (1.40%), Ancora Advisors LLC (1.35%), Teton Advisors Inc. (1.28%) and North Star Investment Management Corp. (1.05%). 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 Teton Advisors Inc., First Wilshire Securities Management Inc., North Star Investment Management Corp., Gabelli Funds LLC, Ancora Advisors LLC and Gamco Investors INC. ET AL. 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, Renaissance Technologies LLC, Bailard Inc., Acadian Asset Management LLC and Vanguard Group Inc.. 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, Scottrade, Fidelity and Charles Schwab.

One share of SALM stock can currently be purchased for approximately $1.69.

Salem Media Group has a market capitalization of $44.99 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]