Salem Media Group (NASDAQ:SALM – Get Rating) will be releasing its earnings data before the market opens on Tuesday, May 10th. Analysts expect Salem Media Group to post earnings of $0.19 per share for the quarter. Salem Media Group has set its Q1 2022 guidance at EPS.
Salem Media Group (NASDAQ:SALM – Get Rating) last issued its quarterly earnings data on Thursday, March 3rd. The company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.19. The firm had revenue of $69.13 million for the quarter, compared to analysts’ expectations of $64.89 million. Salem Media Group had a net margin of 16.08% and a return on equity of 16.19%. During the same period in the prior year, the firm earned $0.09 earnings per share. On average, analysts expect Salem Media Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Salem Media Group stock traded up $0.03 during trading hours on Wednesday, hitting $3.04. 67,636 shares of the stock were exchanged, compared to its average volume of 75,956. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $82.57 million, a PE ratio of 2.01 and a beta of 1.15. Salem Media Group has a 12 month low of $1.69 and a 12 month high of $6.82. The stock has a 50-day moving average of $3.34.
Several analysts have weighed in on SALM shares. Zacks Investment Research raised shares of Salem Media Group from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research note on Thursday, March 10th. StockNews.com assumed coverage on shares of Salem Media Group in a research note on Thursday, March 31st. They set a “hold” rating on the stock.
About Salem Media Group (Get Rating)
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 32 FM radio stations and 69 AM radio stations; offers programs on the Family Talk Christian-themed talk format station on SiriusXM Channel 131; provides programming to Christian and family-themed talk stations, music stations, and news talk stations; places advertising on Christian and talk formatted radio stations, and other commercial radio station formats; and operates Salem Podcast Network, a platform for conservative, political, news, and family-oriented podcasts.
- Get a free copy of the StockNews.com research report on Salem Media Group (SALM)
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