Salem Media Group (SALM) Earns Coverage Optimism Score of 0.46

Media stories about Salem Media Group (NASDAQ:SALM) have been trending positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Salem Media Group earned a news impact score of 0.46 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.7778742653063 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Salem Media Group from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded shares of Salem Media Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Noble Financial reissued a “buy” rating on shares of Salem Media Group in a report on Friday, November 10th.

Shares of Salem Media Group (SALM) opened at $4.65 on Friday. 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 has a 1-year low of $3.90 and a 1-year high of $8.25. The firm has a market cap of $121.65, a P/E ratio of 23.25 and a beta of 1.16.

Salem Media Group (NASDAQ:SALM) last released its quarterly earnings data 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). Salem Media Group had a return on equity of 5.02% and a net margin of 1.97%. The company had revenue of $65.43 million for the quarter, compared to analyst estimates of $68.43 million. sell-side analysts expect that Salem Media Group will post 0.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were issued a dividend of $0.065 per share. The ex-dividend date was Friday, December 15th. This represents a $0.26 dividend on an annualized basis and a yield of 5.59%. Salem Media Group’s payout ratio is currently 130.00%.

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About Salem Media Group

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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