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

Media headlines about Salem Media Group (NASDAQ:SALM) have been trending positive on Monday, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Salem Media Group earned a media sentiment score of 0.40 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.9742651454891 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Salem Media Group (NASDAQ:SALM) opened at $4.25 on Monday. Salem Media Group has a 52 week low of $3.90 and a 52 week high of $8.25. The stock has a market cap of $112.50, a P/E ratio of 21.25 and a beta of 1.16. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 1.17.

Salem Media Group (NASDAQ:SALM) last announced its quarterly earnings results on Tuesday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16). The firm had revenue of $65.43 million for the quarter, compared to the consensus estimate of $68.43 million. Salem Media Group had a return on equity of 5.02% and a net margin of 1.97%. equities research analysts predict that Salem Media Group will post 0.17 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 18th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 6.12%. Salem Media Group’s dividend payout ratio is 130.00%.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Salem Media Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Noble Financial reaffirmed a “buy” rating on shares of Salem Media Group in a research note on Friday, November 10th. Finally, ValuEngine raised shares of Salem Media Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd.

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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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