Positive Media Coverage Somewhat Unlikely to Affect Salem Media Group (NASDAQ:SALM) Stock Price

Media headlines about Salem Media Group (NASDAQ:SALM) have been trending positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Salem Media Group earned a news impact score of 0.33 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.7587607503982 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of Salem Media Group (NASDAQ:SALM) remained flat at $$4.20 during trading hours on Friday. 79,589 shares of the company traded hands, compared to its average volume of 70,643. Salem Media Group has a fifty-two week low of $4.05 and a fifty-two week high of $8.25. The stock has a market cap of $109.88, a PE ratio of 10.24 and a beta of 1.16. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.17.

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

The firm also recently announced 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 6.19%. Salem Media Group’s dividend payout ratio (DPR) is 130.00%.

SALM has been the topic of several recent research reports. Noble Financial restated a “buy” rating on shares of Salem Media Group in a research report on Friday, November 10th. ValuEngine upgraded Salem Media Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded Salem Media Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th.

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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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