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NASDAQ:SALM

Salem Media Group Stock Forecast, Price & News

$1.00
-0.02 (-1.96 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$0.96
Now: $1.00
$1.03
50-Day Range
$0.91
MA: $1.25
$1.76
52-Week Range
$0.65
Now: $1.00
$2.62
Volume1.03 million shs
Average Volume747,957 shs
Market Capitalization$26.68 million
P/E RatioN/A
Dividend YieldN/A
Beta1.52
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: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.63 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$0.34 per share
Book Value$7.11 per share

Profitability

Net Income$-27,840,000.00

Miscellaneous

Employees1,487
Market Cap$26.68 million
Next Earnings Date11/10/2020 (Estimated)
OptionableOptionable
$1.00
-0.02 (-1.96 %)
(As of 09/18/2020 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 price 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 (WHO). Since then, SALM stock has decreased by 13.8% and is now trading at $1.00.
View which stocks have been most impacted by COVID-19
.

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 Tuesday, November 10th 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 earnings results on Thursday, August, 6th. The company reported ($0.09) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.32) by $0.23. The business had revenue of $52.87 million for the quarter, compared to analysts' expectations of $50.58 million. Salem Media Group had a negative return on equity of 30.65% and a negative net margin of 34.28%.
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 10.00%. The ex-dividend date is Monday, March 23rd.
View Salem Media Group's dividend history
.

What price target have analysts set for SALM?

1 brokers have issued 12 month target prices for Salem Media Group's shares. Their forecasts range from $2.00 to $2.00. On average, they expect Salem Media Group's share price to reach $2.00 in the next twelve months. This suggests a possible upside of 100.0% from the stock's current price.
View analysts' price targets for Salem Media Group
.

Are investors shorting Salem Media Group?

Salem Media Group saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 746,100 shares, a decrease of 20.8% from the August 15th total of 942,400 shares. Based on an average daily trading volume, of 1,650,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 6.7% of the company's shares are short sold.
View Salem Media Group's Short Interest
.

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), Adamis Pharmaceuticals (ADMP), Ford Motor (F), Exxon Mobil (XOM), Advanced Micro Devices (AMD), Opko Health (OPK), Overstock.com (OSTK), Primo Water (PRMW) 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 retail and institutional investors. Top institutional investors include Gamco Investors INC. ET AL (1.64%), Bridgeway Capital Management Inc. (1.13%), Gabelli Funds LLC (0.94%), RBF Capital LLC (0.14%) and Jane Street Group LLC (0.09%). Company insiders that own Salem Media Group stock include Christopher J Henderson, David Evans, 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 Gamco Investors INC. ET AL, and Gabelli Funds LLC. Company insiders that have sold Salem Media Group company stock in the last year include Christopher J Henderson, and David Evans.
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 Bridgeway Capital Management Inc., RBF Capital LLC, and Jane Street Group 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 $1.00.

How big of a company is Salem Media Group?

Salem Media Group has a market capitalization of $26.68 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 9/19/2020 by MarketBeat.com Staff

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