Salem Media Group, Inc. (SALM) Given $7.50 Average Target Price by Brokerages
Shares of Salem Media Group, Inc. (NASDAQ:SALM) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus target price of $7.50 for the company and are forecasting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned Salem Media Group an industry rank of 220 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have commented on the company. Zacks Investment Research cut Salem Media Group from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. ValuEngine upgraded Salem Media Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Noble Financial restated a “buy” rating on shares of Salem Media Group in a research note on Tuesday, August 8th.
Salem Media Group (NASDAQ SALM) traded up $0.30 during trading on Friday, reaching $5.10. The company’s stock had a trading volume of 64,638 shares, compared to its average volume of 46,987. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.88 and a current ratio of 0.89. Salem Media Group has a 52 week low of $4.60 and a 52 week high of $8.25. The stock has a market capitalization of $133.43, a PE ratio of 12.44 and a beta of 1.17.
Salem Media Group (NASDAQ:SALM) last released its quarterly earnings results on Tuesday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16). Salem Media Group had a net margin of 1.97% and a return on equity of 5.02%. The business had revenue of $65.43 million during the quarter, compared to analysts’ expectations of $68.43 million. equities research analysts predict that Salem Media Group will post 0.17 EPS for the current fiscal year.
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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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