Equities research analysts expect Salem Media Group Inc (NASDAQ:SALM) to post $61.12 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Salem Media Group’s earnings, with estimates ranging from $61.00 million to $61.24 million. Salem Media Group reported sales of $63.80 million during the same quarter last year, which indicates a negative year over year growth rate of 4.2%. The firm is expected to report its next quarterly earnings report on Tuesday, May 14th.

According to Zacks, analysts expect that Salem Media Group will report full-year sales of $254.18 million for the current financial year, with estimates ranging from $254.10 million to $254.26 million. For the next year, analysts expect that the business will report sales of $0.00. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Salem Media Group.

Salem Media Group (NASDAQ:SALM) last posted its quarterly earnings data on Tuesday, March 12th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). The company had revenue of $67.19 million during the quarter, compared to analysts’ expectations of $66.50 million. Salem Media Group had a positive return on equity of 1.42% and a negative net margin of 1.21%.

SALM has been the subject of several analyst reports. ValuEngine upgraded Salem Media Group from a “strong sell” rating to a “sell” rating in a research note on Friday, January 4th. Noble Financial upgraded Salem Media Group from a “market perform” rating to an “outperform” rating and set a $3.50 price objective for the company in a research note on Tuesday, January 15th. Zacks Investment Research lowered Salem Media Group from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. TheStreet upgraded Salem Media Group from a “d+” rating to a “c-” rating in a research note on Tuesday, March 12th. Finally, Singular Research restated a “buy” rating on shares of Salem Media Group in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Salem Media Group currently has an average rating of “Hold” and a consensus price target of $3.25.

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp increased its stake in Salem Media Group by 104.5% in the 4th quarter. Bank of New York Mellon Corp now owns 28,817 shares of the company’s stock worth $60,000 after buying an additional 14,723 shares in the last quarter. Acadian Asset Management LLC increased its stake in Salem Media Group by 57.8% in the 4th quarter. Acadian Asset Management LLC now owns 37,402 shares of the company’s stock worth $78,000 after buying an additional 13,701 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in Salem Media Group in the 4th quarter worth $211,000. North Star Investment Management Corp. increased its stake in Salem Media Group by 1.7% in the 4th quarter. North Star Investment Management Corp. now owns 387,290 shares of the company’s stock worth $809,000 after buying an additional 6,531 shares in the last quarter. Finally, Ancora Advisors LLC increased its stake in Salem Media Group by 55.9% in the 4th quarter. Ancora Advisors LLC now owns 408,915 shares of the company’s stock worth $855,000 after buying an additional 146,564 shares in the last quarter. Institutional investors and hedge funds own 25.44% of the company’s stock.

Shares of NASDAQ:SALM traded down $0.07 during midday trading on Monday, hitting $2.05. The company had a trading volume of 59,113 shares, compared to its average volume of 36,520. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.83 and a quick ratio of 0.81. The firm has a market capitalization of $53.68 million, a price-to-earnings ratio of 22.78 and a beta of 1.67. Salem Media Group has a 12-month low of $2.03 and a 12-month high of $6.25.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 19th were paid a $0.065 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.26 annualized dividend and a dividend yield of 12.68%. Salem Media Group’s dividend payout ratio (DPR) is 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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