Salem Media Group (SALM) to Release Earnings on Wednesday

Salem Media Group (NASDAQ:SALM) is scheduled to announce its earnings results after the market closes on Wednesday, November 7th. Analysts expect the company to announce earnings of $0.02 per share for the quarter.

Salem Media Group (NASDAQ:SALM) last issued its quarterly earnings data on Wednesday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.16). Salem Media Group had a net margin of 7.98% and a return on equity of 1.90%. The firm had revenue of $66.27 million during the quarter, compared to analyst estimates of $65.65 million.

Shares of NASDAQ:SALM opened at $3.02 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.07 and a quick ratio of 1.05. Salem Media Group has a 52-week low of $2.88 and a 52-week high of $6.50. The company has a market capitalization of $75.92 million, a price-to-earnings ratio of 13.73 and a beta of 1.11.

In related news, CEO Edward G. Atsinger III purchased 27,553 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was acquired at an average price of $3.50 per share, with a total value of $96,435.50. Following the completion of the transaction, the chief executive officer now owns 27,553 shares of the company’s stock, valued at $96,435.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 59.99% of the stock is currently owned by company insiders.

Several analysts have issued reports on SALM shares. TheStreet downgraded shares of Salem Media Group from a “c” rating to a “d+” rating in a research report on Tuesday, August 21st. Noble Financial reaffirmed a “hold” rating on shares of Salem Media Group in a research report on Wednesday, August 15th. ValuEngine raised shares of Salem Media Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Zacks Investment Research raised shares of Salem Media Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $7.63.

Salem Media Group Company Profile

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.

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Earnings History for Salem Media Group (NASDAQ:SALM)

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