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NASDAQ:SALM

Salem Media Group - SALM Stock Forecast, Price & News

$1.40
+0.03 (+2.19%)
(As of 02/6/2023 05:33 PM ET)
Add
Compare
Today's Range
$1.32
$1.44
50-Day Range
$1.01
$1.39
52-Week Range
$1.00
$4.19
Volume
31,491 shs
Average Volume
31,637 shs
Market Capitalization
$38.11 million
P/E Ratio
2.50
Dividend Yield
N/A
Price Target
$5.00

Salem Media Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
259.7% Upside
$5.00 Price Target
Short Interest
Healthy
1.18% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.32 out of 5 stars

Consumer Discretionary Sector

95th out of 267 stocks

Radio Broadcasting Stations Industry

5th out of 9 stocks

SALM stock logo

About Salem Media Group (NASDAQ:SALM) Stock

Salem Media Group, Inc. engages in the provision of media specializing in Christian and conservative content. It operates through the following segments: Broadcast, Digital Media and Publishing. The Broadcast segment owns and operates radio stations in large metropolitan markets, which include national and local programming content. The Digital Media segment offers Christian, conservative, investing and health-themed content, e-commerce, audio and video streaming, and other resources digitally through the web. The Publishing segment consists of book publishing, self-publishing services and print and digital magazines. The company was founded by Stuart W. Epperson and Edward G. Atsinger III in 1986 and is headquartered in Irving, TX.

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SALM Stock News Headlines

"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race
Did you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China enjoyed a "near monopoly" in this vital ingredient... until the U.S. made a blockbuster announcement. Now one little-known company is set to play a crucial role in the booming $7 trillion EV revolution.
Salem Media Group Announces Promotion of Dan Nelson
Mike Crispi Unafraid Joins Salem Podcast Network
"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race
Did you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China enjoyed a "near monopoly" in this vital ingredient... until the U.S. made a blockbuster announcement. Now one little-known company is set to play a crucial role in the booming $7 trillion EV revolution.
Salem Media Group Inc - Ordinary Shares - Class A
Timeless with Julie Hartman Launched by Salem Media Group
See More Headlines
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SALM Company Calendar

Last Earnings
8/04/2021
Today
2/06/2023
Next Earnings (Estimated)
3/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
Broadcasting
Current Symbol
NASDAQ:SALM
CUSIP
79409310
Employees
1,336
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$5.00
High Stock Price Forecast
$5.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+257.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$41.51 million
Pretax Margin
4.99%

Debt

Sales & Book Value

Annual Sales
$258.25 million
Cash Flow
$1.46 per share
Book Value
$6.56 per share

Miscellaneous

Free Float
11,697,000
Market Cap
$38.11 million
Optionable
Optionable
Beta
1.31

Social Links


Key Executives

  • David P. SantrellaDavid P. Santrella
    Chief Executive Officer
  • David A. R. Evans
    Chief Operating Officer
  • Evan D. MasyrEvan D. Masyr
    Chief Financial Officer & Executive Vice President
  • Mike Reed
    Senior Vice President
  • Jeff Reisman
    Vice President & General Manager-Chicago Cluster













SALM Stock - Frequently Asked Questions

Should I buy or sell Salem Media Group stock right now?

1 Wall Street equities research 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 equities research analysts is that investors should "buy" SALM shares.
View SALM analyst ratings
or view top-rated stocks.

What is Salem Media Group's stock price forecast for 2023?

1 equities research analysts have issued 12 month price targets for Salem Media Group's shares. Their SALM share price forecasts range from $5.00 to $5.00. On average, they expect the company's stock price to reach $5.00 in the next year. This suggests a possible upside of 253.1% from the stock's current price.
View analysts price targets for SALM
or view top-rated stocks among Wall Street analysts.

How have SALM shares performed in 2023?

Salem Media Group's stock was trading at $1.05 at the beginning of the year. Since then, SALM stock has increased by 34.9% and is now trading at $1.4160.
View the best growth stocks for 2023 here
.

Are investors shorting Salem Media Group?

Salem Media Group saw a decline in short interest in January. As of January 15th, there was short interest totaling 138,500 shares, a decline of 17.6% from the December 31st total of 168,000 shares. Based on an average trading volume of 54,900 shares, the short-interest ratio is presently 2.5 days. Currently, 1.2% of the shares of the company are short sold.
View Salem Media Group's Short Interest
.

When is Salem Media Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our SALM earnings forecast
.

How were Salem Media Group's earnings last quarter?

Salem Media Group, Inc. (NASDAQ:SALM) issued its quarterly earnings data on Wednesday, August, 4th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.09. The business had revenue of $63.78 million for the quarter, compared to analysts' expectations of $60.19 million. Salem Media Group had a trailing twelve-month return on equity of 6.50% and a net margin of 5.92%.

What guidance has Salem Media Group issued on next quarter's earnings?

Salem Media Group updated its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $65.64 million-$67.03 million, compared to the consensus revenue estimate of $74.20 million.

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

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

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).

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 Concourse Financial Group Securities Inc. (0.00%). Insiders that own company 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
.

How do I buy shares of Salem Media Group?

Shares of SALM stock 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.
Compare Top Brokerages Here.

What is Salem Media Group's stock price today?

One share of SALM stock can currently be purchased for approximately $1.42.

How much money does Salem Media Group make?

Salem Media Group (NASDAQ:SALM) has a market capitalization of $38.54 million and generates $258.25 million in revenue each year. The company earns $41.51 million in net income (profit) each year or $0.56 on an earnings per share basis.

How many employees does Salem Media Group have?

The company employs 1,336 workers across the globe.

How can I contact Salem Media Group?

Salem Media Group's mailing address is 4880 SANTA ROSA ROAD, CAMARILLO CA, 93012. The official website for the company is www.salemmedia.com. The company can be reached via phone at (469) 586-0080, via email at evan@salemmedia.com, or via fax at 805-384-4520.

This page (NASDAQ:SALM) was last updated on 2/6/2023 by MarketBeat.com Staff