NASDAQ:SALM

Salem Media Group - SALM Stock Forecast, Price & News

$1.76

+0.08 (+4.76%)

(As of 10/6/2022 12:00 AM ET)

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Today's Range: $1.70
▼
$1.76
50-Day Range: $1.64
▼
$2.58
52-Week Range: $1.61
▼
$6.82

Volume: 10,044 shs
Average Volume: 38,577 shs
Market Capitalization: $47.80 million

P/E Ratio: 0.97
Dividend Yield: N/A
Price Target: N/A

Salem Media Group MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.77% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.18
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 76.92%
From $0.13 to $0.23 Per Share

Overall MarketRank^™

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

2.66 out of 5 stars

Consumer Discretionary Sector

69th out of 275 stocks

Radio Broadcasting Stations Industry

2nd out of 7 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Salem Media Group.

5.0

Short Interest

Percentage of Shares Shorted
0.77% of the float of Salem Media Group has been sold short.
Short Interest Ratio / Days to Cover
Salem Media Group has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Salem Media Group has recently decreased by 30.36%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Salem Media Group does not currently pay a dividend.
Dividend Growth
Salem Media Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SALM.

1.8

News and Social Media Coverage

News Sentiment
Salem Media Group has a news sentiment score of 0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.42 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Salem Media Group this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for SALM on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Salem Media Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
61.60% of the stock of Salem Media Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 14.42% of the stock of Salem Media Group is held by institutions.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Salem Media Group are expected to grow by 76.92% in the coming year, from $0.13 to $0.23 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Salem Media Group is 0.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Salem Media Group is 0.97, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 9.14.
Price to Book Value per Share Ratio
Salem Media Group has a P/B Ratio of 0.27. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Salem Media Group (NASDAQ:SALM) Stock

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 32 FM radio stations and 69 AM radio stations; offers programs on the Family Talk Christian-themed talk format station on SiriusXM Channel 131; provides programming to Christian and family-themed talk stations, music stations, and news talk stations; places advertising on Christian and talk formatted radio stations, and other commercial radio station formats; and operates Salem Podcast Network, a platform for conservative, political, news, and family-oriented podcasts. It also provides Christian, conservative, investing content, e-commerce, audio and video streaming, and other resources digitally through 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 Townhall.com, HotAir.com, Twitchy.com, RedState.com, BearingArms.com, ConservativeRadio.com, and pjmedia.com, as well as mobile applications. In addition, the company publishes digital newsletters that provide market analysis and non-individualized investment strategies; and operates SermonSearch.com, ChurchStaffing.com, WorshipHouseMedia.com, SermonSpice.com, WorshipHouseKids.com, Preaching.com, ChristianJobs.com, ShiftWorship.com, JourneyBoxMedia.com, Playblackmedia.com, and HyperPixelsMedia.com. 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 provides digital marketing service. The company was formerly known as Salem Communications Corporation and changed its name to Salem Media Group, Inc. in February 2015. The company was founded in 1974 and is based in Irving, Texas.

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SALM Stock News Headlines

October 6, 2022 | finance.yahoo.com

Grant Stinchfield Joins the Salem Podcast Network

October 6, 2022 | americanbankingnews.com

StockNews.com Begins Coverage on Salem Media Group (NASDAQ:SALM)

October 7, 2022 | Investing Trends (Ad)

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October 3, 2022 | finance.yahoo.com

Salem Podcast Network's New "Sekulow Brothers" Gets Fast Start with Over 100,000 Downloads & Views

October 3, 2022 | finance.yahoo.com

Chris Stigall Signs Multi-Year Extension with Philadelphia’s AM 990 The Answer

September 28, 2022 | finance.yahoo.com

Salem News Channel Adds Larry O’Connor to Prime Time Lineup in Partnership with Townhall.Com

September 27, 2022 | msn.com

First signs of Halloween: Salem announces planned events and road closures for October

September 27, 2022 | americanbankingnews.com

Salem Media Group (NASDAQ:SALM) Receives New Coverage from Analysts at StockNews.com

October 7, 2022 | Investing Trends (Ad)

Investors Look to Capitalize on the Budding Green Revolution

September 23, 2022 | nasdaq.com

With EPS Growth And More, Salem Media Group (NASDAQ:SALM) Makes An Interesting Case

September 12, 2022 | finance.yahoo.com

Salem Media Group Appoints Allen Power to President, Broadcast Media; Linnae Young and Jeff Reisman Also Promoted in Restructure of Salem’s Broadcast Division

September 6, 2022 | markets.businessinsider.com

Salem Media Group Cuts Q3 Total Revenue Outlook; Stock Down

September 6, 2022 | finance.yahoo.com

Salem Media Updates Third Quarter Revenue Guidance

September 1, 2022 | finance.yahoo.com

Salem Media Group announces Battleground Talkers Tour 2022

August 31, 2022 | finance.yahoo.com

Salem Media Hires Tara Loring as Eastern Regional Digital Sales Director

August 30, 2022 | finance.yahoo.com

Salem Media Announces New Weekday Host Deborah Flora on Denver 710 KNUS

August 29, 2022 | finance.yahoo.com

Salem Media Announces the Return of Recently Retired Morning Host Peter Boyles

August 23, 2022 | finance.yahoo.com

Salem Media Announces New Weekday Morning Host George Brauchler on Denver, Colorado 710 KNUS

August 18, 2022 | finance.yahoo.com

Sekulow Brothers Podcast Launches on the Salem Podcast Network

August 16, 2022 | finance.yahoo.com

Salem Media Announces Promotion of Jon Latzer

August 11, 2022 | nasdaq.com

Does Salem Media Group (NASDAQ:SALM) Have A Healthy Balance Sheet?

August 7, 2022 | seekingalpha.com

Salem Media Group, Inc.'s (SALM) CEO David Santrella on Q2 2022 Results - Earnings Call Transcript

August 4, 2022 | finance.yahoo.com

Salem Media Group, Inc. Announces Second Quarter 2022 Total Revenue of $68.7 Million

July 28, 2022 | finance.yahoo.com

Salem Media Group Schedules Second Quarter 2022 Earnings Release and Teleconference

July 13, 2022 | finance.yahoo.com

Salem Podcast Network Welcomes Morgan Zegers to Its Line-Up

July 12, 2022 | finance.yahoo.com

Nationally Syndicated Host Amanda Carroll Joins Salem’s Life Audio Podcast Network

July 11, 2022 | finance.yahoo.com

Liberty Station Podcast Joins Salem Podcast Network

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SALM Company Calendar

Last Earnings: 8/04/2022
Today: 10/07/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Radio broadcasting stations
Sub-Industry: Broadcasting
Sector: Consumer Discretionary
Current Symbol: NASDAQ:SALM
CUSIP: 79409310
CIK: 1050606
Web: www.salemmedia.com
Phone: (469) 586-0080
Fax: 805-384-4520
Employees: 1,336
Year Founded: 1986

Profitability

EPS (Most Recent Fiscal Year): $1.81
Trailing P/E Ratio: 0.97
Forward P/E Ratio: 13.54
P/E Growth: N/A
Net Income: $41.51 million
Net Margins: 18.69%
Pretax Margin: 18.05%
Return on Equity: 15.71%
Return on Assets: 5.32%

Debt

Debt-to-Equity Ratio: 0.82
Current Ratio: 0.85
Quick Ratio: 0.82

Sales & Book Value

Annual Sales: $258.25 million
Price / Sales: 0.19
Cash Flow: $1.49 per share
Price / Cash Flow: 1.18
Book Value: $6.56 per share
Price / Book: 0.27

Miscellaneous

Outstanding Shares: 27,160,000
Free Float: 10,429,000
Market Cap: $47.80 million
Optionable: Optionable
Beta: 1.24

Social Links

Key Executives

Mr. Edward G. Atsinger III (Age 82)
Exec. Chairman
Comp: $1.05M

Mr. David P. Santrella (Age 60)
Chief Exec. Officer
Comp: $561.18k

Mr. David A. R. Evans (Age 59)
Chief Operating Officer
Comp: $623.27k

Mr. Evan D. Masyr (Age 50)
Exec. VP & CFO

Mr. Christopher J. Henderson (Age 58)
Exec. VP of Legal & HR, Gen. Counsel and Sec.

Ms. Angenette Natkowski
Director of Sales

Mr. Allen Power
Sr. VP of Radio Division

Mr. Ron Walters
Sr. VP of Ministry Relations

Ms. Linnae Young
Sr. VP of Broadcast Operations

Mr. Christopher Gould
Sr. VP of National Program Devel. & Ministry Relations and GM of Colorado Springs Assets

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SALM Stock - Frequently Asked Questions

Should I buy or sell Salem Media Group stock right now?: 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. The consensus among Wall Street analysts is that investors should "buy" SALM shares.
View SALM analyst ratings or view top-rated stocks.
How have SALM shares performed in 2022?: Salem Media Group's stock was trading at $3.06 on January 1st, 2022. Since then, SALM stock has decreased by 42.5% and is now trading at $1.76.
View the best growth stocks for 2022 here.
When is Salem Media Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our SALM earnings forecast.
How were Salem Media Group's earnings last quarter?: Salem Media Group, Inc. (NASDAQ:SALM) posted its earnings results on Thursday, August, 4th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.13. The company earned $68.68 million during the quarter, compared to analyst estimates of $68.80 million. Salem Media Group had a trailing twelve-month return on equity of 15.71% and a net margin of 18.69%.
What guidance has Salem Media Group issued on next quarter's earnings?: Salem Media Group issued an update on its third quarter 2022 earnings guidance on Thursday, September, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $69.96 million-$71.28 million, compared to the consensus revenue estimate of $68.94 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."
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 $1.76.
How much money does Salem Media Group make?: Salem Media Group (NASDAQ:SALM) has a market capitalization of $47.80 million and generates $258.25 million in revenue each year. The company earns $41.51 million in net income (profit) each year or $1.81 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 10/7/2022 by MarketBeat.com Staff

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Salem Media Group - SALM Stock Forecast, Price & News

Salem Media Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month