NASDAQ:SALM - Salem Media Group Stock Price, Forecast & News

Salem Media Group's stock was trading at $1.16 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SALM stock has decreased by 21.5% and is now trading at $0.9101. View which stocks have been mosted 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 8th 2020. View our earnings forecast for Salem Media Group.

Salem Media Group Inc (NASDAQ:SALM) released its quarterly earnings data on Tuesday, November, 12th. The company reported ($0.75) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by $0.74. The business earned $64.12 million during the quarter, compared to the consensus estimate of $62.30 million. Salem Media Group had a negative net margin of 10.97% and a negative return on equity of 3.89%. View Salem Media Group's earnings history.

Salem Media Group declared a quarterly dividend on Thursday, March 12th. Stockholders 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 yield of 10.99%. The ex-dividend date is Monday, March 23rd. View Salem Media Group's dividend history.

Salem Media Group issued an update on its first quarter 2020 After-Hours earnings guidance on Thursday, March, 12th. The company provided earnings per share (EPS) 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 equities research analysts have issued twelve-month price objectives for Salem Media Group's stock. Their forecasts range from $3.25 to $3.25. On average, they expect Salem Media Group's share price to reach $3.25 in the next year. This suggests a possible upside of 257.1% from the stock's current price. View analysts' price targets for Salem Media Group.

Headlines about SALM stock have been trending somewhat negative on Monday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Salem Media Group earned a news impact score of -1.0 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutSalem Media Group.

Salem Media Group saw a increase in short interest in February. As of February 28th, there was short interest totaling 265,400 shares, an increase of 38.8% from the February 13th total of 191,200 shares. Based on an average trading volume of 78,300 shares, the days-to-cover ratio is presently 3.4 days. Currently, 2.3% of the shares of the stock are short sold. 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), Entravision Communication (EVC), Saga Communications (SGA) and Beasley Broadcast Group (BBGI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Salem Media Group investors own include Sirius XM (SIRI), Exxon Mobil (XOM), Pandora Media (P), Opko Health (OPK), Ford Motor (F), AT&T (T), Prospect Capital (PSEC), British American Tobacco (BTI), General Motors (GM) and Verizon Communications (VZ).

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

Salem Media Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Gabelli Funds LLC (1.44%), Ancora Advisors LLC (1.26%), Renaissance Technologies LLC (0.94%), Foundry Partners LLC (0.92%), Acadian Asset Management LLC (0.19%) and OneAscent Financial Services LLC (0.13%). 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 Acadian Asset Management LLC, Foundry Partners LLC, Ancora Advisors LLC, and Gabelli Funds LLC. Company insiders that have sold Salem Media Group company stock in the last year include Christopher J Henderson, David P Santrella, and Evan D Masyr. View insider buying and selling activity for Salem Media Group.

SALM stock was purchased by a variety of institutional investors in the last quarter, including OneAscent Financial Services LLC, Atria Investments LLC, and Renaissance Technologies 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.

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 $0.91.

Salem Media Group has a market capitalization of $24.28 million and generates $253.90 million in revenue each year. Salem Media Group employs 1,487 workers across the globe. View additional information about Salem Media Group.

The official website for Salem Media Group is http://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]