Streetbeat News

SGA

Saga Communications, Inc.

https://www.sagacom.com

Industry

Broadcasting

Saga Communications, Inc., a broadcast company, acquires, develops, and operates broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, adult hits, top 40, country, country legends, mainstream/hot/soft adult contemporary, pure oldies, classic rock, and news/talk. As of February 28, 2022, it owned seventy-nine FM, thirty- four AM radio stations, and seventy-nine metro signals serving twenty-seven markets. The company was founded in 1986 and is headquartered in Grosse Pointe Farms, Michigan.

Open

12.25

Mkt cap

79M

Volume

17K

High

12.77

P/E Ratio

16.83

52-wk high

27.00

Low

12.23

Div yield

0.29

52-wk low

11.71

Saga Communications, Inc. held its Q3 2024 earnings call, discussing financial performance and company updates.

Portfolio Pulse from

November 09, 2024 | 6:30 pm

Saga Communications has promoted Samuel Bush to Executive Vice President while he continues as CFO and Treasurer. Wayne Leland has been promoted to COO.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:34 pm

Saga Communications (NASDAQ:SGA) reported Q2 earnings per share (EPS) of $0.40, beating the analyst estimate of $0.29 by 37.93%. However, sales of $28.74 million missed the estimate of $28.80 million by 0.20%. Compared to the same period last year, EPS decreased by 27.27% and sales decreased by 1.48%.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:08 pm

The article highlights three oversold stocks in the communication services sector: Tripadvisor, Inc. (TRIP), Hello Group Inc. (MOMO), and Saga Communications, Inc. (SGA). These stocks have RSI values near or below 30, indicating potential undervaluation. TRIP posted better-than-expected quarterly results but saw a significant stock decline. MOMO reported downbeat earnings, leading to a sharp drop in its stock price. SGA reported a GAAP loss, resulting in a notable stock decline.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 12:23 pm

Saga Communications reported a Q1 GAAP EPS of $(0.25), a significant decrease from $0.15 YoY. Sales also decreased to $24.66M from $25.30M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:09 pm

Saga Communications has announced a variable dividend of $0.60 per share, payable on April 5, 2024. The total payment will amount to approximately $3.8 million, funded by the company's cash reserves.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:06 pm

Saga Communications (NASDAQ:SGA) reported Q4 earnings, beating estimated earnings by 19.0% with an EPS of $0.37 versus an estimate of $0.31. However, revenue was down $980 thousand from the same period last year. In the previous quarter, the company missed EPS estimates by $0.02, which was followed by a 3.0% increase in share price the next day.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:05 pm

Saga Communications (NASDAQ:SGA) reported Q4 earnings of $0.37 per share, surpassing the $0.31 estimate, a 47.14% decrease from last year's $0.70. Sales reached $29.14M, slightly above the $29.00M estimate but 3.25% lower than the previous year's $30.13M.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:02 pm

Saga Communications, Inc. (SGA) has agreed to acquire several radio stations from Neuhoff Communications, Inc. serving the Greater Lafayette, IN area. The stations include WKOA, WKHY, WASK (FM and AM), WXXB, and W269DJ. Financial terms were not disclosed. Saga aims to continue expanding its radio business by acquiring middle market stations in dynamic communities.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:14 pm

Saga Communications has declared a special cash dividend of $2.00 per share, payable on January 12, 2024, to shareholders of record as of December 20, 2023. The total payment for this dividend will amount to approximately $12.5 million.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:57 pm

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