Analysts expect that Salem Media Group Inc (NASDAQ:SALM) will post earnings per share of $0.06 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Salem Media Group’s earnings. Salem Media Group also reported earnings of $0.06 per share during the same quarter last year. The firm is scheduled to issue its next earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that Salem Media Group will report full year earnings of $0.13 per share for the current year. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Salem Media Group.

Salem Media Group (NASDAQ:SALM) last released its earnings results on Friday, May 10th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. The firm had revenue of $60.47 million for the quarter, compared to analysts’ expectations of $61.12 million. Salem Media Group had a negative net margin of 1.43% and a positive return on equity of 1.21%.

Several brokerages have recently issued reports on SALM. Noble Financial set a $4.00 price objective on shares of Salem Media Group and gave the stock a “buy” rating in a research note on Monday, May 13th. TheStreet raised shares of Vectrus from a “c+” rating to a “b” rating in a research note on Monday, April 15th. Zacks Investment Research cut shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. Finally, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Salem Media Group presently has a consensus rating of “Hold” and a consensus price target of $3.25.

In other news, CFO Evan D. Masyr sold 11,970 shares of Salem Media Group stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $2.11, for a total value of $25,256.70. Following the transaction, the chief financial officer now owns 23,068 shares of the company’s stock, valued at approximately $48,673.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 45,881 shares of company stock worth $104,855 in the last ninety days. Corporate insiders own 55.66% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in SALM. Bailard Inc. bought a new position in Salem Media Group during the first quarter worth $72,000. Ancora Advisors LLC increased its position in Salem Media Group by 55.9% during the fourth quarter. Ancora Advisors LLC now owns 408,915 shares of the company’s stock worth $855,000 after acquiring an additional 146,564 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in Salem Media Group during the fourth quarter worth $211,000. Finally, Bank of New York Mellon Corp increased its position in Salem Media Group by 104.5% during the fourth quarter. Bank of New York Mellon Corp now owns 28,817 shares of the company’s stock worth $60,000 after acquiring an additional 14,723 shares during the period. 25.06% of the stock is currently owned by institutional investors and hedge funds.

Salem Media Group stock traded down $0.03 during trading hours on Friday, hitting $2.14. 50,249 shares of the company traded hands, compared to its average volume of 85,179. The company has a market cap of $56.82 million, a price-to-earnings ratio of 19.73 and a beta of 1.56. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 1.31. The firm’s 50-day moving average price is $2.29. Salem Media Group has a 1-year low of $1.85 and a 1-year high of $5.50.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.065 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.26 annualized dividend and a dividend yield of 12.15%. Salem Media Group’s dividend payout ratio is currently 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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