Wall Street brokerages expect Salem Media Group Inc (NASDAQ:SALM) to report earnings per share of ($0.01) for the current quarter, according to Zacks. Zero analysts have made estimates for Salem Media Group’s earnings. Salem Media Group also posted earnings of ($0.01) per share in the same quarter last year. The business is expected to announce its next earnings report on Tuesday, March 10th.
On average, analysts expect that Salem Media Group will report full year earnings of ($0.02) per share for the current fiscal year. For the next year, analysts expect that the firm will report earnings of ($0.14) per share. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Salem Media Group.
Salem Media Group (NASDAQ:SALM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.74). Salem Media Group had a negative net margin of 10.29% and a negative return on equity of 1.79%. The business had revenue of $64.12 million for the quarter, compared to the consensus estimate of $62.30 million.
A number of institutional investors have recently added to or reduced their stakes in SALM. OneAscent Financial Services LLC purchased a new stake in Salem Media Group in the second quarter valued at about $91,000. Bailard Inc. grew its holdings in Salem Media Group by 102.5% during the second quarter. Bailard Inc. now owns 57,309 shares of the company’s stock worth $139,000 after acquiring an additional 29,009 shares during the period. Acadian Asset Management LLC grew its holdings in Salem Media Group by 52.9% during the second quarter. Acadian Asset Management LLC now owns 63,327 shares of the company’s stock worth $153,000 after acquiring an additional 21,922 shares during the period. Renaissance Technologies LLC grew its holdings in Salem Media Group by 19.9% during the second quarter. Renaissance Technologies LLC now owns 192,598 shares of the company’s stock worth $468,000 after acquiring an additional 32,000 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Salem Media Group by 2.6% in the second quarter. Vanguard Group Inc. now owns 365,676 shares of the company’s stock valued at $889,000 after purchasing an additional 9,302 shares during the period. Institutional investors own 18.48% of the company’s stock.
SALM stock traded down $0.02 on Wednesday, reaching $1.46. The company’s stock had a trading volume of 13,774 shares, compared to its average volume of 60,639. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market cap of $38.96 million, a PE ratio of 16.22 and a beta of 1.64. The business has a fifty day simple moving average of $1.52 and a two-hundred day simple moving average of $1.85. Salem Media Group has a 12-month low of $1.42 and a 12-month high of $3.26.
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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