Favorable Media Coverage Somewhat Unlikely to Affect Salem Media Group (SALM) Stock Price

Headlines about Salem Media Group (NASDAQ:SALM) have been trending positive on Friday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Salem Media Group earned a daily sentiment score of 0.47 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.2092843089926 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news stories that may have effected Accern’s rankings:

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Salem Media Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine upgraded Salem Media Group from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Finally, Noble Financial restated a “buy” rating on shares of Salem Media Group in a report on Tuesday, August 8th.

Shares of Salem Media Group (NASDAQ:SALM) remained flat at $6.45 during trading on Friday. The stock had a trading volume of 2,204 shares. The firm has a market capitalization of $168.46 million, a price-to-earnings ratio of 22.32 and a beta of 1.20. Salem Media Group has a 1-year low of $5.00 and a 1-year high of $8.25. The stock has a 50 day moving average of $6.31 and a 200 day moving average of $6.94.

Salem Media Group (NASDAQ:SALM) last announced its earnings results on Monday, August 7th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. Salem Media Group had a return on equity of 6.26% and a net margin of 2.75%. The company had revenue of $66.11 million for the quarter, compared to analyst estimates of $67.47 million. Analysts forecast that Salem Media Group will post $0.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 22nd were given a dividend of $0.065 per share. The ex-dividend date was Thursday, September 21st. This represents a $0.26 annualized dividend and a dividend yield of 4.03%. Salem Media Group’s payout ratio is 92.86%.

WARNING: “Favorable Media Coverage Somewhat Unlikely to Affect Salem Media Group (SALM) Stock Price” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://www.com-unik.info/2017/10/13/favorable-media-coverage-somewhat-unlikely-to-affect-salem-media-group-salm-stock-price.html.

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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