Saga Communications (SGA) to Release Earnings on Thursday

Saga Communications (NASDAQ:SGA) will likely be announcing its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $28.00 million for the quarter.

Saga Communications Stock Up 0.3 %

Shares of Saga Communications stock opened at $11.63 on Thursday. Saga Communications has a twelve month low of $10.75 and a twelve month high of $24.67. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $11.99 and its 200 day moving average is $13.22. The company has a market cap of $72.82 million, a price-to-earnings ratio of 16.15 and a beta of 0.27.

Saga Communications Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.00 annualized dividend and a dividend yield of 8.60%. Saga Communications’s payout ratio is 138.89%.

Insider Transactions at Saga Communications

In related news, major shareholder Edward K. Christian Trust sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $12.56, for a total value of $62,800.00. Following the transaction, the insider now owns 938,250 shares of the company’s stock, valued at approximately $11,784,420. This trade represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Gate City Capital Management, bought 240,609 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were acquired at an average price of $11.25 per share, with a total value of $2,706,851.25. Following the completion of the transaction, the insider now directly owns 863,845 shares of the company’s stock, valued at $9,718,256.25. This trade represents a 38.61 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 15,943 shares of company stock worth $200,590 in the last ninety days. Insiders own 21.90% of the company’s stock.

Saga Communications Company Profile

Saga Communications, Inc, a media company, engages in acquiring, developing, and operating broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, country, classic country, hot/soft/urban adult contemporary, oldies, classic rock, rock, and news/talk.