EPS for Salem Media Group, Inc. (SALM) Expected At $0.05

Renaissance Technologies Limited Com owns 0% invested in Salem Media Group, Inc. (NASDAQ:SALM) for 160,598 shares. Us Fincl Bank De has …

Salem Media Group, Inc. (NASDAQ:SALM) Logo
Investors sentiment increased to 0.82 in Q1 2019. Its up 0.24, from 0.58 in 2018Q4. It improved, as 2 investors sold Salem Media Group, Inc. shares while 15 reduced holdings. 8 funds opened positions while 6 raised stakes. 6.55 million shares or 1.67% less from 6.66 million shares in 2018Q4 were reported.

41,765 are held by Kennedy. Ancora Advisors Ltd Liability Corporation holds 0.04% or 422,366 shares in its portfolio. Northern Tru Corp accumulated 21,123 shares. Acadian Asset Limited Liability Corp has invested 0% in Salem Media Group, Inc. (NASDAQ:SALM). Tower Rech Cap Llc (Trc) owns 0% invested in Salem Media Group, Inc. (NASDAQ:SALM) for 9,154 shares. Vanguard Gp reported 0% in Salem Media Group, Inc. (NASDAQ:SALM). The New York-based Millennium Management Limited Liability Corp has invested 0% in Salem Media Group, Inc. (NASDAQ:SALM). Natl Bank Of Mellon Corp holds 0% of its portfolio in Salem Media Group, Inc. (NASDAQ:SALM) for 27,870 shares. Morgan Stanley owns 19,814 shares for 0% of their portfolio. Renaissance Technologies Limited Com owns 0% invested in Salem Media Group, Inc. (NASDAQ:SALM) for 160,598 shares. Us Fincl Bank De has 100 shares. 41,845 were accumulated by Rbf Cap Ltd Liability Corp. Bridgeway Cap Mngmt reported 206,952 shares. Atria Invests Lc holds 0% or 32,925 shares in its portfolio. Teton Advsrs reported 550,000 shares.

Analysts expect Salem Media Group, Inc. (NASDAQ:SALM) to report $0.05 EPS on August, 14.They anticipate $0.01 EPS change or 16.67 % from last quarter’s $0.06 EPS. SALM’s profit would be $1.31M giving it 10.90 P/E if the $0.05 EPS is correct. After having $0.01 EPS previously, Salem Media Group, Inc.’s analysts see 400.00 % EPS growth. The stock decreased 3.11% or $0.07 during the last trading session, reaching $2.18. About 58,746 shares traded. Salem Media Group, Inc. (NASDAQ:SALM) has declined 40.00% since July 18, 2018 and is downtrending. It has underperformed by 44.43% the S&P500.

Salem Media Group, Inc. operates as a multi-media firm in the United States. The company has market cap of $57.09 million. It operates in three divisions: Broadcast, Digital Media, and Publishing. It currently has negative earnings. The firm owns and operates radio networks, which produce and distribute talk, news, and music programming to radio stations, as well as sells commercial airtime to national advertisers and independent radio station affiliates.

More notable recent Salem Media Group, Inc. (NASDAQ:SALM) news were published by: Nasdaq.com which released: “The Zacks Analyst Blog Highlights: Limbach, Salem Media, Hallmark, Sonic Automotive and Xcel – Nasdaq” on July 11, 2019, also Finance.Yahoo.com with their article: “How Does Salem Media Group, Inc. (NASDAQ:SALM) Affect Your Portfolio Volatility? – Yahoo Finance” published on June 13, 2019, Businesswire.com published: “Salem Media Group’s Jamie Cohen to Oversee All Broadcast Digital – Business Wire” on April 03, 2019. More interesting news about Salem Media Group, Inc. (NASDAQ:SALM) were released by: Seekingalpha.com and their article: “Salem Media Group Is A Good Buy For 2017 – Seeking Alpha” published on January 23, 2017 as well as Globenewswire.com‘s news article titled: “SalMar – Minutes from general meeting Oslo Stock Exchange:SALM – GlobeNewswire” with publication date: June 05, 2019.

Salem Media Group, Inc. (NASDAQ:SALM) Institutional Positions Chart

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter.

Related Posts:

  • No Related Posts

Salem Media Group, Inc. (SALM) Analysts See $0.05 EPS

Vanguard Group Inc Inc invested in 0% or 356,374 shares. Stratos Wealth Prtn holds 0% or 10,000 shares in its portfolio. Northern Trust, Illinois-based …

Salem Media Group, Inc. (NASDAQ:SALM) Logo
Investors sentiment increased to 0.82 in Q1 2019. Its up 0.24, from 0.58 in 2018Q4. It increased, as 2 investors sold Salem Media Group, Inc. shares while 15 reduced holdings. 8 funds opened positions while 6 raised stakes. 6.55 million shares or 1.67% less from 6.66 million shares in 2018Q4 were reported.

Bankshares Of Ny Mellon Corporation reported 27,870 shares stake. Deutsche National Bank Ag accumulated 2 shares. Advisory Net Ltd has invested 0% in Salem Media Group, Inc. (NASDAQ:SALM). Illinois-based North Star Invest Mngmt Corporation has invested 0.12% in Salem Media Group, Inc. (NASDAQ:SALM). Vanguard Group Inc Inc invested in 0% or 356,374 shares. Stratos Wealth Prtn holds 0% or 10,000 shares in its portfolio. Northern Trust, Illinois-based fund reported 21,123 shares. Foundry Prns Limited Liability reported 285,730 shares or 0.03% of all its holdings. Morgan Stanley owns 19,814 shares for 0% of their portfolio. Us Retail Bank De holds 100 shares or 0% of its portfolio. Tower Cap (Trc) has 9,154 shares for 0% of their portfolio. Gabelli Funds Limited Liability Corporation has 0.01% invested in Salem Media Group, Inc. (NASDAQ:SALM) for 530,000 shares. Bridgeway Capital Management has invested 0.01% in Salem Media Group, Inc. (NASDAQ:SALM). Renaissance Technology Ltd Liability accumulated 160,598 shares. Teton Advsrs invested 0.14% in Salem Media Group, Inc. (NASDAQ:SALM).

Analysts expect Salem Media Group, Inc. (NASDAQ:SALM) to report $0.05 EPS on August, 14.They anticipate $0.01 EPS change or 16.67 % from last quarter’s $0.06 EPS. SALM’s profit would be $1.31 million giving it 11.40 P/E if the $0.05 EPS is correct. After having $0.01 EPS previously, Salem Media Group, Inc.’s analysts see 400.00 % EPS growth. The stock decreased 0.87% or $0.02 during the last trading session, reaching $2.28. About 107,400 shares traded or 25.62% up from the average. Salem Media Group, Inc. (NASDAQ:SALM) has declined 40.00% since July 16, 2018 and is downtrending. It has underperformed by 44.43% the S&P500.

Salem Media Group, Inc. operates as a multi-media firm in the United States. The company has market cap of $59.71 million. It operates in three divisions: Broadcast, Digital Media, and Publishing. It currently has negative earnings. The firm owns and operates radio networks, which produce and distribute talk, news, and music programming to radio stations, as well as sells commercial airtime to national advertisers and independent radio station affiliates.

More notable recent Salem Media Group, Inc. (NASDAQ:SALM) news were published by: Finance.Yahoo.com which released: “Will SalMar ASA’s (OB:SALM) Earnings Grow In The Years Ahead? – Yahoo Finance” on May 23, 2019, also Businesswire.com with their article: “CORRECTING and REPLACING Salem Media Ventures into Television with TBN Deal – Business Wire” published on May 16, 2019, Seekingalpha.com published: “Salem Media Group, Inc. (SALM) CEO Edward Atsinger on Q1 2019 Results – Earnings Call Transcript – Seeking Alpha” on May 11, 2019. More interesting news about Salem Media Group, Inc. (NASDAQ:SALM) were released by: Nasdaq.com and their article: “5 Highly Ranked Dividend Stocks to Buy Right Now – Nasdaq” published on June 11, 2019 as well as Globenewswire.com‘s news article titled: “SalMar – Ex. dividend of NOK 23 today Oslo Stock Exchange:SALM – GlobeNewswire” with publication date: June 06, 2019.

Salem Media Group, Inc. (NASDAQ:SALM) Institutional Positions Chart

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter.

Related Posts:

  • No Related Posts

Salem Media Group (SALM) Reaches New 12-Month Low at $2.01

Acadian Asset Management LLC lifted its stake in shares of Salem Media Group by 57.8% in the 4th quarter. Acadian Asset Management LLC now …

Salem Media Group logoSalem Media Group Inc (NASDAQ:SALM) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $2.01 and last traded at $2.01, with a volume of 28568 shares. The stock had previously closed at $2.05.

Several research firms have issued reports on SALM. TheStreet lowered shares of Salem Media Group from a “c-” rating to a “d” rating in a research report on Monday, April 15th. Singular Research restated a “buy” rating on shares of Salem Media Group in a research report on Friday, March 15th. Zacks Investment Research lowered shares of Salem Media Group from a “buy” rating to a “hold” rating in a research report on Friday, January 18th. Noble Financial restated a “buy” rating and issued a $3.50 price target on shares of Salem Media Group in a research report on Thursday, January 31st. Finally, ValuEngine upgraded shares of Salem Media Group from a “strong sell” rating to a “sell” rating in a research report on Friday, January 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $3.25.

The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.81 and a current ratio of 0.83. The stock has a market capitalization of $53.68 million, a price-to-earnings ratio of 22.22 and a beta of 1.67.

Salem Media Group (NASDAQ:SALM) last posted its quarterly earnings data on Tuesday, March 12th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.08). The firm had revenue of $67.19 million for 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%. As a group, sell-side analysts expect that Salem Media Group Inc will post 0.09 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 13.00%. The ex-dividend date of this dividend was Monday, March 18th. Salem Media Group’s dividend payout ratio (DPR) is currently 288.89%.

Several large investors have recently modified their holdings of SALM. Bank of New York Mellon Corp lifted its stake in shares of 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 valued at $60,000 after purchasing an additional 14,723 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Salem Media Group by 57.8% in the 4th quarter. Acadian Asset Management LLC now owns 37,402 shares of the company’s stock valued at $78,000 after purchasing an additional 13,701 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Salem Media Group in the 4th quarter valued at $211,000. North Star Investment Management Corp. lifted its stake in shares of 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 valued at $809,000 after purchasing an additional 6,531 shares during the last quarter. Finally, Ancora Advisors LLC lifted its position in Salem Media Group by 55.9% during the 4th quarter. Ancora Advisors LLC now owns 408,915 shares of the company’s stock worth $855,000 after acquiring an additional 146,564 shares during the last quarter. 25.44% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: This piece was posted by Finance Daily and is the property of of Finance Daily. If you are accessing this piece on another publication, it was illegally copied and republished in violation of United States & international copyright and trademark law. The legal version of this piece can be accessed at https://www.fidaily.com/2019/04/22/salem-media-group-salm-reaches-new-12-month-low-at-2-01.html.

Salem Media Group Company Profile (NASDAQ:SALM)

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.

Recommended Story: What is a Stop Order?

Receive News & Ratings for Salem Media Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Salem Media Group and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

City’s new transit fund destined for crosswalks, city shuttle

The Transit Enhancement Fund was created recently with money collected from ride-share services like Uber and Lyft. The city gets 20 cents of each …

SALEM — A relatively new city fund could shape the way people get around Salem and the North Shore in years to come.

The Transit Enhancement Fund was created recently with money collected from ride-share services like Uber and Lyft. The city gets 20 cents of each ride that originates in Salem, according to state regulations.

The account currently has about $30,000 in it, and the city is planning to use it to upgrade problem crosswalks downtown, according to city traffic director David Kucharsky. But by 2020, the fund will receive a $220,000 boost from at least two major housing development projects, along with steady deposits from Salem’s five retail pot shops.

At that point, the city plans to use the money to expand transportation options in Salem for residents, commuters and tourists. An intra-city shuttle is among the possibilities.

“Our goal is to have this fund set up to assist with traffic and congestion issues in the community,” Mayor Kim Driscoll said. “We know where there’s going to be new development occurring or generating traffic. We want to work on tools that’ll address congestion.”

So far, two large development projects are required, as a condition of their permit approvals from the Planning Board, to make payments to the fund. Traders Village, a 212-apartment project off of Highland Avenue, will pay the city $1,000 per unit — $212,000 total. Meanwhile, North River Condominiums, planned for the Ferris Salvage site on Franklin Street, will kick in $500 for each of its 42 units, providing $21,000.

In addition, the city’s host agreements with each of its recreational marijuana shops stipulate that each company will pay 1 percent of sales to the fund.

The payments haven’t started, however. City planning director Tom Daniel said the two construction projects will do so only after they are completed, with Traders Village expecting to wrap up construction by the end of 2020. The five pot retailers, meanwhile, will contribute from their receipts twice annually. Only one — Alternative Therapies Group on Grove Street — is open.

Cutting congestion

Once the money’s there, Daniel said the city will use it to make the city easier to navigate.

“It’s trying to provide ways for people to get where they want to go without getting into a car alone,” Daniel said. “Things like sharing a car, or walking or biking or taking a bus, riding a train, or some combination of all those things. At the end, everyone is a pedestrian wherever they’re going, however they get there. But are there other ways to avoid the single-occupancy vehicle?”

It’s an approach that’s gaining traction in other places, too. Both Driscoll and Daniel pointed to KSTEP, Cambridge’s Kendal Square Transit Enhancement Program, which has helped funnel millions of dollars from development projects to transit upgrades.

“If you look in Boston, with the Longwood Medical Complex, there are circulating buses there. The Seaport has some of the circulating buses, certain larger employers have shuttles that run from North and South Station, to get people out of the cars and augment the transit system,” Daniel said.

The same is being explored locally. As money comes in next year, officials plan to use it to develop and launch an intra-city shuttle, to help people get around Salem more easily.

And Driscoll said officials are already looking beyond the shuttle.

“This fund, we hope, can help fund community car-share initiatives,” she said. “Any transportation demand initiative to help with congestion and less car travel in Salem are things we see the Transportation Enhancement Fund hoping to support.”

For the time being, however, the use of the money has a much more narrow vision: crosswalks.

“We did receive some funds from the transportation network companies, Uber and Lyft, and I’m exploring some improvements to some of the crosswalks downtown,” Kucharsky said.

The vision for transportation improvements will broaden as additional money comes in.

“Once we get a sense of how much is coming in each year, we’ll get a sense of (how to launch the shuttle),” Kucharsky said. “But getting it up and running, operations … we’re still in the early stages of that.”

Contact Salem reporter Dustin Luca at 978-338-2523 or DLuca@salemnews.com. Follow him on Facebook at facebook.com/dustinluca or on Twitter @DustinLucaSN.