Salem Media Group, Inc. (SALM) Scheduled to Post Earnings on Monday
Salem Media Group, Inc. (NASDAQ:SALM) will release its earnings data after the market closes on Monday, November 6th. Analysts expect Salem Media Group to post earnings of $0.13 per share for the quarter.
Salem Media Group (NASDAQ:SALM) last released its quarterly earnings results on Monday, August 7th. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The company had revenue of $66.11 million during the quarter, compared to analysts’ expectations of $67.47 million. Salem Media Group had a net margin of 2.75% and a return on equity of 6.26%. On average, analysts expect Salem Media Group to post $0.3 EPS for the current fiscal year and $0.51 EPS for the next fiscal year.
Salem Media Group, Inc. (NASDAQ SALM) opened at 6.35 on Monday. The firm has a market cap of $165.85 million, a PE ratio of 21.97 and a beta of 1.20. Salem Media Group, Inc. has a 12-month low of $5.00 and a 12-month high of $8.25. The stock has a 50 day moving average of $6.38 and a 200 day moving average of $6.87.
SALM has been the subject of several recent analyst reports. ValuEngine raised shares of Salem Media Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Noble Financial reaffirmed a “buy” rating on shares of Salem Media Group in a research report on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of Salem Media Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th.
An institutional investor recently raised its position in Salem Media Group stock. State Street Corp boosted its holdings in Salem Media Group, Inc. (NASDAQ:SALM) by 17.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149,513 shares of the company’s stock after purchasing an additional 22,696 shares during the quarter. State Street Corp owned about 0.57% of Salem Media Group worth $1,061,000 at the end of the most recent quarter. 30.47% of the stock is owned by hedge funds and other institutional investors.
Salem Media Group Company Profile
Salem Media Group, Inc, formerly Salem Communications Corporation, is a multi-media company specializing in Christian and Conservative content, with media properties consisting of radio broadcasting, digital media, and book, magazine and newsletter publishing. The Company operates through three segments: Broadcast, Digital Media and Publishing.
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