Salem Media Group (SALM) Given Daily Media Sentiment Score of 0.43
Media coverage about Salem Media Group (NASDAQ:SALM) has trended positive on Friday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Salem Media Group earned a daily sentiment score of 0.43 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.9395803283183 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern’s scoring:
- Edward G. Atsinger III Buys 27,553 Shares of Salem Media Group Inc (SALM) Stock (americanbankingnews.com)
- Salem Media Acquires Financial Publisher (sfvbj.com)
- QGoLive Launches on Salem Media Major Market Stations (news.radio-online.com)
- Salem Media Group, Inc. (SALM) CEO Edward Atsinger on Q2 2018 Results – Earnings Call Transcript (seekingalpha.com)
- Salem Media Group (SALM) Rating Reiterated by Noble Financial (americanbankingnews.com)
A number of research firms have recently issued reports on SALM. Zacks Investment Research cut shares of Salem Media Group from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine cut shares of Salem Media Group from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Noble Financial cut shares of Salem Media Group from a “buy” rating to a “hold” rating and set a $11.00 target price for the company. in a research note on Thursday, August 9th. Finally, Gabelli restated a “buy” rating on shares of Salem Media Group in a research note on Wednesday, June 20th.
Salem Media Group (NASDAQ:SALM) last posted its earnings results on Wednesday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.16). The company had revenue of $66.27 million for the quarter, compared to analyst estimates of $65.65 million. Salem Media Group had a return on equity of 1.90% and a net margin of 7.98%. analysts predict that Salem Media Group will post 0.33 EPS for the current fiscal year.
In other Salem Media Group news, EVP Christopher J. Henderson sold 4,365 shares of Salem Media Group stock in a transaction dated Friday, July 6th. The shares were sold at an average price of $6.25, for a total value of $27,281.25. Following the completion of the sale, the executive vice president now owns 4,365 shares in the company, valued at approximately $27,281.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward G. Atsinger III acquired 27,553 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was acquired at an average price of $3.50 per share, with a total value of $96,435.50. Following the purchase, the chief executive officer now directly owns 27,553 shares in the company, valued at $96,435.50. The disclosure for this purchase can be found here. Company insiders own 59.99% of the company’s stock.
About Salem Media Group
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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