Equities analysts expect that Salem Media Group Inc (NASDAQ:SALM) will report ($0.02) earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Salem Media Group’s earnings. The highest EPS estimate is $0.04 and the lowest is ($0.08). Salem Media Group posted earnings per share of $0.03 during the same quarter last year, which would suggest a negative year over year growth rate of 166.7%. The business is scheduled to report its next earnings results on Tuesday, May 14th.
On average, analysts expect that Salem Media Group will report full year earnings of $0.09 per share for the current fiscal year, with EPS estimates ranging from $0.04 to $0.14. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Salem Media Group.
Salem Media Group (NASDAQ:SALM) last issued its earnings results on Tuesday, March 12th. The company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.08). The company had revenue of $67.19 million for the quarter, compared to analysts’ expectations of $66.50 million. Salem Media Group had a positive return on equity of 1.42% and a negative net margin of 1.21%.
A number of hedge funds have recently modified their holdings of SALM. Dimensional Fund Advisors LP increased its holdings in Salem Media Group by 4.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,281,706 shares of the company’s stock valued at $4,358,000 after buying an additional 57,252 shares during the period. North Star Investment Management Corp. increased its holdings in Salem Media Group by 1.7% during the fourth quarter. North Star Investment Management Corp. now owns 387,290 shares of the company’s stock valued at $809,000 after buying an additional 6,531 shares during the period. Acadian Asset Management LLC increased its holdings in Salem Media Group by 57.8% during the fourth quarter. Acadian Asset Management LLC now owns 37,402 shares of the company’s stock valued at $78,000 after buying an additional 13,701 shares during the period. Bank of New York Mellon Corp grew its holdings in Salem Media Group by 104.5% in the fourth quarter. Bank of New York Mellon Corp now owns 28,817 shares of the company’s stock worth $60,000 after purchasing an additional 14,723 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new position in Salem Media Group in the fourth quarter worth $211,000. 25.44% of the stock is currently owned by institutional investors.
SALM stock traded down $0.07 during trading on Friday, hitting $2.05. 59,113 shares of the company’s stock traded hands, compared to its average volume of 36,520. The firm has a market cap of $53.68 million, a price-to-earnings ratio of 22.78 and a beta of 1.67. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 1.06. Salem Media Group has a 1 year low of $2.03 and a 1 year high of $6.25.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 19th were issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 12.68%. The ex-dividend date was Monday, March 18th. Salem Media Group’s payout ratio is 288.89%.
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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