Salem Media Group (SALM) Receives Media Impact Score of 0.40
Headlines about Salem Media Group (NASDAQ:SALM) have trended positive on Tuesday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. 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 news sentiment score of 0.40 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.3719033080377 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several brokerages have recently weighed in on SALM. Zacks Investment Research downgraded shares of Salem Media Group from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. ValuEngine upgraded shares of Salem Media Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Noble Financial reiterated a “buy” rating on shares of Salem Media Group in a research note on Tuesday, August 8th.
Shares of Salem Media Group (SALM) opened at 6.40 on Tuesday. Salem Media Group has a 12 month low of $5.00 and a 12 month high of $8.25. The company has a 50-day moving average of $6.46 and a 200-day moving average of $7.02. The firm has a market cap of $167.16 million, a P/E ratio of 22.15 and a beta of 1.19.
Salem Media Group (NASDAQ:SALM) last posted its earnings results on Monday, August 7th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. Salem Media Group had a net margin of 2.75% and a return on equity of 6.26%. The firm had revenue of $66.11 million during the quarter, compared to analysts’ expectations of $67.47 million. Equities analysts forecast that Salem Media Group will post $0.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 22nd will be given a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 4.06%. The ex-dividend date is Thursday, September 21st. Salem Media Group’s dividend payout ratio (DPR) is 92.86%.
In other Salem Media Group news, CEO Edward G. Atsinger III sold 3,528 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $7.45, for a total value of $26,283.60. Following the completion of the transaction, the chief executive officer now owns 42,654 shares in the company, valued at approximately $317,772.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 4,119 shares of company stock valued at $30,692. 60.04% of the stock is owned by insiders.
About Salem Media Group
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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