Headlines about Salem Media Group (NASDAQ:SALM) have been trending positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Salem Media Group earned a media sentiment score of 0.36 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.0304005690783 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
SALM has been the subject of several analyst reports. Noble Financial restated a “buy” rating on shares of Salem Media Group in a research note on Friday, November 10th. ValuEngine upgraded Salem Media Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research upgraded Salem Media Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th.
Salem Media Group (NASDAQ SALM) opened at $4.50 on Tuesday. Salem Media Group has a 12 month low of $4.05 and a 12 month high of $8.25. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $117.73, a PE ratio of 12.44 and a beta of 1.15.
Salem Media Group (NASDAQ:SALM) last issued its earnings results on Tuesday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $68.43 million. equities analysts expect that Salem Media Group will post 0.17 earnings per share for the current year.
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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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