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.
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.
Featured Story: How is the S&P 500 index different from the DJIA?
Receive News & Ratings for Salem Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salem Media Group and related companies with MarketBeat.com's FREE daily email newsletter.