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Saga Communications inc   (SGA)
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Price: $22.7000 $-0.50 -2.155%
Day's High: $23.12 Week Perf: -3.77 %
Day's Low: $ 22.65 30 Day Perf: -3.77 %
Volume (M): 16 52 Wk High: $ 27.00
Volume (M$): $ 361 52 Wk Avg: $21.70
Open: $22.92 52 Wk Low: $18.89



 Market Capitalization (Millions $) 137
 Shares Outstanding (Millions) 6
 Employees -
 Revenues (TTM) (Millions $) 113
 Net Income (TTM) (Millions $) 10
 Cash Flow (TTM) (Millions $) -7
 Capital Exp. (TTM) (Millions $) 4

Saga Communications Inc
Saga Communications Inc. is a publicly traded company that operates a diverse portfolio of radio stations, primarily targeting medium-sized cities and rural areas in the United States. The company was founded in 1986 and is headquartered in Grosse Pointe Farms, Michigan.

With a focus on localism, Saga Communications owns and operates over 90 radio stations across 25 markets, with formats that range from country and classic rock to news and talk. Some of the company's most popular stations include Mix 93 in Sioux Falls, South Dakota; KGNZ in Abilene, Texas; and KVNA in Flagstaff, Arizona.

In addition to its core radio station business, Saga Communications also operates a digital media division that provides marketing and advertising services to local businesses. This division offers a range of digital marketing strategies, including search engine optimization, social media management, and online advertising.

One of the key principles of Saga Communications is its commitment to community service. The company's stations regularly participate in local events and fundraisers, and its staff members are encouraged to get involved in their communities.

With a strong focus on profitability and a commitment to serving local communities, Saga Communications has built a reputation as a stable and reliable player in the radio industry. The company has weathered industry challenges such as the rise of digital streaming and the economic downturn of 2008, and continues to adapt and innovate in order to drive growth and serve its loyal audience.


   Company Address: 73 Kercheval Avenue Grosse Pointe Farms 48236 MI
   Company Phone Number: 886-7070   Stock Exchange / Ticker: NASDAQ SGA
   


   

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Saga Communications Inc

Broadcasting Media & Cable TV company reports decline in revenue for fourth quarter of 2023

Saga Communications Inc shares have seen a solid gain of 6.06% over the past five trading days, indicating positive momentum for the company. However, it is worth mentioning that during the month of March, SGA shares went down by 8.31%. Despite this, Saga Communications Inc shares remain trending higher and are only 9.3% below their 52-week high.
Looking at the financial performance of Saga Communications Inc, the company experienced a significant decline in earnings per share (EPS) during the fourth quarter of 2023. EPS plummeted by -41.99% to $0.41 per share compared to $0.70 per share in the previous year. Additionally, EPS decreased by -9.76% from $0.45 per share in the previous reporting season.
The revenue for the financial fourth quarter of 2023 also contracted by -3.253% to $29.15 million compared to $30.13 million in the same period the year before. Sequentially, revenue decreased by -0.014% from $29.15 million. Net income in the financial fourth quarter of 2023 fell by -41.55% to $2.501 million from $4.279 million in the corresponding period a year before.

Merger and Acquisition

Saga Communications, Inc. Sets Sights on Expanding Influence with Acquisition of Lafayette's Premier Radio Stations

Published Tue, Feb 13 2024 2:01 PM UTC

Saga Communications, Inc. Agrees to Acquire Radio Stations Serving the Greater Lafayette, IN Radio Market
GROSSE POINTE FARMS, Mich., Feb. 13, 2024 - In an exciting development for the broadcasting industry, Saga Communications, Inc. (Nasdaq -SGA) has announced its decision to purchase a range of radio stations serving the Greater Lafayette, IN radio market. The assets t...

Dividend

Saga Communications Announces Quarterly Dividend, Reinforcing Commitment to Shareholder Returns

Published Wed, Feb 7 2024 9:01 PM UTC


GROSSE POINTE FARMS, Mich. - In a recent press release, Saga Communications, Inc. (Nasdaq - SGA) has declared a quarterly cash dividend of $0.25 per share. This announcement underscores the company's dedication to providing value to its shareholders and its consistent track record of delivering returns.
The dividend is set to be paid on March 8, 2024, to all shareho...

Dividend

Saga Communications, Inc. Announces Special Cash Dividend amid Commitment to Shareholder Returns

Published Thu, Dec 7 2023 9:55 PM UTC



In a recent press release, Saga Communications, Inc. (Nasdaq - SGA) declared a special cash dividend of $2.00 per share, demonstrating the company's ongoing dedication to maximizing shareholder returns. This announcement aligns with the Board's commitment to reduce cash and short-term investment balances while reflecting the potential impact of global economic cond...

Dividend

Saga Communications, Inc. Continues to Reward Shareholders with Quarterly Dividend and Strong Performance

Published Thu, Nov 16 2023 9:01 PM UTC

Saga Communications, Inc. Declares a Quarterly Cash Dividend of $0.25 per Share, Continuing Its Strong History of Shareholder Returns
GROSSE POINTE FARMS, Mich., Nov. 16, 2023 - Saga Communications, Inc. (Nasdaq - SGA), a leading media company in the Services sector, has announced another impressive quarterly cash dividend of $0.25 per share. The payment, to be made on D...






 

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