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NASDAQ:SALM

Salem Media Group Stock Forecast, Price & News

$0.92
-0.07 (-7.10 %)
(As of 09/30/2020 12:00 AM ET)
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Today's Range
$0.89
Now: $0.92▼
$0.97
50-Day Range
$0.91
MA: $1.09▼
$1.58
52-Week Range
$0.65
Now: $0.92▼
$2.62
Volume1.30 million shs
Average Volume787,865 shs
Market Capitalization$24.43 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

Stock Exchange NASDAQ
Industry Radio broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
Current SymbolNASDAQ:SALM
Previous Symbol
CUSIP79409310
CIK1050606
Webwww.salemmedia.com
Phone805-987-0400

Debt

Debt-to-Equity Ratio2.01
Current Ratio0.75
Quick Ratio0.74

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$253.90 million
Price / Sales0.10
Cash Flow$0.31 per share
Price / Cash Flow2.97
Book Value$7.11 per share
Price / Book0.13

Profitability

EPS (Most Recent Fiscal Year)($0.30)
Net Income$-27,840,000.00
Net Margins-34.28%
Return on Equity-30.65%
Return on Assets-8.97%

Miscellaneous

Employees1,487
Outstanding Shares26,682,000
Market Cap$24.43 million
Next Earnings Date11/10/2020 (Estimated)
OptionableOptionable
$0.92
-0.07 (-7.10 %)
(As of 09/30/2020 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 COVID-19 (Coronavirus)?

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 (WHO). Since then, SALM stock has decreased by 21.1% and is now trading at $0.9157.
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) announced its quarterly earnings data on Thursday, August, 6th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.23. The business earned $52.87 million during the quarter, compared to the consensus estimate 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. Shareholders 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 10.92%. The ex-dividend date is Monday, March 23rd.
View Salem Media Group's dividend history.

What price target have analysts set for SALM?

1 Wall Street analysts have issued twelve-month price targets for Salem Media Group's stock. Their forecasts range from $2.00 to $2.00. On average, they expect Salem Media Group's stock price to reach $2.00 in the next twelve months. This suggests a possible upside of 118.4% 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 increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,260,000 shares, an increase of 68.9% from the August 31st total of 746,100 shares. Based on an average trading volume of 1,700,000 shares, the days-to-cover ratio is currently 0.7 days. Currently, 11.3% of the shares of the stock are sold short.
View Salem Media Group's Short Interest.

Who are some of Salem Media Group's key competitors?

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), Entravision Communication (EVC), Saga Communications (SGA) and Beasley Broadcast Group (BBGI).
View all 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), Trevena (TRVN), Advanced Micro Devices (AMD), CTI BioPharma (CTIC), Opko Health (OPK), TherapeuticsMD (TXMD), Adamis Pharmaceuticals (ADMP), Ampio Pharmaceuticals (AMPE), Biocept (BIOC) and Clean Energy Fuels (CLNE).

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."

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 $0.92.

How big of a company is Salem Media Group?

Salem Media Group has a market capitalization of $24.43 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 10/1/2020 by MarketBeat.com Staff
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