Analysts See $0.02 EPS for Salem Media Group, Inc. (SALM)

October 13, 2018 - By Marie Mckinney

Salem Media Group, Inc. (NASDAQ:SALM) LogoInvestors sentiment decreased to 0.74 in 2018 Q2. Its down 0.19, from 0.93 in 2018Q1. It is negative, as 17 investors sold Salem Media Group, Inc. shares while 18 reduced holdings. 13 funds opened positions while 13 raised stakes. 7.57 million shares or 6.85% less from 8.13 million shares in 2018Q1 were reported.
Meeder Asset Mgmt Incorporated holds 0% or 525 shares in its portfolio. Bailard Inc owns 93,900 shares. Manufacturers Life Co The accumulated 1,333 shares or 0% of the stock. Acadian Asset Lc holds 0% of its portfolio in Salem Media Group, Inc. (NASDAQ:SALM) for 23,701 shares. Bluecrest Limited reported 0% of its portfolio in Salem Media Group, Inc. (NASDAQ:SALM). Moreover, Citigroup has 0% invested in Salem Media Group, Inc. (NASDAQ:SALM) for 9,001 shares. Millennium Mngmt Ltd Liability Com has 0% invested in Salem Media Group, Inc. (NASDAQ:SALM). Bridgeway Mgmt Inc reported 0.01% of its portfolio in Salem Media Group, Inc. (NASDAQ:SALM). Goldman Sachs has 0% invested in Salem Media Group, Inc. (NASDAQ:SALM). 2,500 were reported by Earnest Prtnrs Limited Liability Company. The Pennsylvania-based Sei Investments Co has invested 0% in Salem Media Group, Inc. (NASDAQ:SALM). Dimensional Fund Limited Partnership, Texas-based fund reported 1.22 million shares. National Bank & Trust Of America De, North Carolina-based fund reported 7,413 shares. Paloma Prns Mngmt has 56,599 shares. State Bank Of Montreal Can reported 0% stake.

Since July 6, 2018, it had 1 insider purchase, and 1 sale for $69,155 activity. Henderson Christopher J sold 4,365 shares worth $27,281.

Analysts expect Salem Media Group, Inc. (NASDAQ:SALM) to report $0.02 EPS on November, 6.SALM’s profit would be $523,633 giving it 40.88 P/E if the $0.02 EPS is correct. After having $0.06 EPS previously, Salem Media Group, Inc.’s analysts see -66.67 % EPS growth. It closed at $3.27 lastly. It is down 37.10% since October 14, 2017 and is downtrending. It has underperformed by 52.72% the S&P500.

Salem Media Group, Inc. operates as a multi-media firm in the United States. The company has market cap of $85.61 million. It operates in three divisions: Broadcast, Digital Media, and Publishing. It has a 4.08 P/E ratio. 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.

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

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