Shares of Salem Media Group, Inc. (NASDAQ:SALM) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price objective of $7.50 for the company and are forecasting that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also given Salem Media Group an industry rank of 229 out of 265 based on the ratings given to related companies.

A number of brokerages recently weighed in on SALM. Zacks Investment Research cut shares of Salem Media Group from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. ValuEngine raised shares of Salem Media Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Finally, Noble Financial reissued a “buy” rating on shares of Salem Media Group in a research report on Tuesday, August 8th.

Shares of Salem Media Group (NASDAQ SALM) traded down $0.15 during mid-day trading on Friday, hitting $5.15. 23,000 shares of the company were exchanged, compared to its average volume of 29,341. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $134.51, a P/E ratio of 12.56 and a beta of 1.29. Salem Media Group has a 12-month low of $5.10 and a 12-month high of $8.25.

Salem Media Group (NASDAQ:SALM) last issued its 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 return on equity of 5.02% and a net margin of 1.97%. The firm had revenue of $65.43 million for the quarter, compared to analyst estimates of $68.43 million. equities analysts expect that Salem Media Group will post 0.3 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in SALM. JPMorgan Chase & Co. purchased a new stake in Salem Media Group in the second quarter valued at $1,815,000. FMR LLC purchased a new stake in Salem Media Group in the second quarter valued at $1,330,000. Nationwide Fund Advisors raised its holdings in shares of Salem Media Group by 664.7% in the second quarter. Nationwide Fund Advisors now owns 82,141 shares of the company’s stock valued at $583,000 after buying an additional 71,400 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Salem Media Group by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,101,909 shares of the company’s stock valued at $7,824,000 after buying an additional 52,338 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Salem Media Group by 17.9% in the second quarter. State Street Corp now owns 149,513 shares of the company’s stock valued at $1,061,000 after buying an additional 22,696 shares during the last quarter. 30.27% of the stock is owned by hedge funds and other institutional investors.

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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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