NASDAQ:SALMSalem Media Group Stock Price, Forecast & News

Salem Media Group's stock was trading at $1.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SALM stock has decreased by 29.3% and is now trading at $0.8199. View which stocks have been most impacted by Coronavirus.

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.

Salem Media Group is scheduled to release its next quarterly earnings announcement on Friday, May 29th 2020. View our earnings forecast for Salem Media Group.

Salem Media Group Inc (NASDAQ:SALM) issued its quarterly earnings data on Thursday, March, 12th. The company reported ($0.17) EPS for the quarter. The company 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.

Salem Media Group announced a quarterly dividend on Thursday, March 12th. Stockholders 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 dividend yield of 12.20%. The ex-dividend date of this dividend is Monday, March 23rd. View Salem Media Group's dividend history.

Salem Media Group updated its first quarter 2020 After-Hours earnings guidance on Thursday, March, 12th. The company provided earnings per share 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.

1 brokerages have issued 12 month price objectives for Salem Media Group's shares. Their forecasts range from $3.25 to $3.25. On average, they anticipate Salem Media Group's stock price to reach $3.25 in the next twelve months. This suggests a possible upside of 296.4% from the stock's current price. View analysts' price targets for Salem Media Group.

News coverage about SALM stock has trended very negative on Wednesday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Salem Media Group earned a daily sentiment score of -3.1 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutSalem Media Group.

Salem Media Group saw a increase in short interest in the month of 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 days-to-cover ratio is presently 4.2 days. Approximately 2.6% of the shares of the company are sold short. View Salem Media Group's Current Options Chain.

Some companies that are related to Salem Media Group include Discovery Communications (DISCA), Liberty Media Formula One Series A (FWONA), Nexstar Media Group (NXST), Sinclair Broadcast Group (SBGI), Central European Media Enterprises (CETV), Entercom Communications (ETM), Saga Communications (SGA), Entravision Communication (EVC) and Beasley Broadcast Group (BBGI). View all competitors.

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).

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

Salem Media Group's stock is owned by a variety of institutional and retail investors. Top institutional investors 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.

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.

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.

One share of SALM stock can currently be purchased for approximately $0.82.

Salem Media Group has a market capitalization of $21.87 million and generates $253.90 million in revenue each year. Salem Media Group employs 1,487 workers across the globe.

The official website for Salem Media Group is 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]