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Saga Communications inc (NASDAQ: SGA) |
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Price: $12.7400
$0.41 
3.325%
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| Day's High:
| $13.12
| Week Perf:
| 7.78 %
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| Day's Low: |
$ 12.29 |
30 Day Perf: |
-8.35 % |
| Volume (M): |
27 |
52 Wk High: |
$ 27.00 |
| Volume (M$): |
$ 344 |
52 Wk Avg: |
$18.25 |
| Open: |
$12.30 |
52 Wk Low: |
$11.65 |
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| Market Capitalization (Millions $) |
77 |
| Shares
Outstanding (Millions) |
6 |
| Employees |
1,000 |
| Revenues (TTM) (Millions $) |
111 |
| Net Income (TTM) (Millions $) |
5 |
| Cash Flow (TTM) (Millions $) |
-11 |
| 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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| Dividend
Published Fri, Nov 15 2024 9:05 PM UTC
Saga Communications, Inc.: A Beacon of Dividend Stability Amidst Market ChallengesGROSSE POINTE FARMS, Mich. On November 15, 2024, Saga Communications, Inc. (Nasdaq - SGA) announced an encouraging development for its stakeholders, declaring a quarterly cash dividend of $0.25 per share. The dividend, set for distribution on December 13, 2024, to shareholders of record as of...
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| Dividend
Published Wed, Sep 11 2024 4:26 PM UTC
Saga Communications Declares Quarterly Dividend Amid Market Challenges: A Mixed Bag for Investors
On September 11, 2024, Saga Communications, Inc. (Nasdaq - SGA), headquartered in Grosse Pointe Farms, Michigan, announced that its Board of Directors has approved a quarterly cash dividend of $0.25 per share. This upcoming dividend is slated for distribution on October 18, ...
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| Dividend
Published Wed, May 22 2024 8:15 PM UTC
GROSSE POINTE FARMS, Mich., May 22, 2024 - Saga Communications, Inc. (Nasdaq - SGA), a leading multimedia company, has once again demonstrated its commitment to providing value to its shareholders by declaring a quarterly cash dividend of $0.25 per share. This announcement comes amidst challenging market conditions and is a testament to the company's strong financi...
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| Saga Communications Inc
Saga Communications Inc. (NASDAQ: SGA), a well-established player in the Broadcasting Media & Cable TV industry, recently reported disappointing financial results for the span ending March 31, 2024. The company slipped into a loss of $0.25 per share, a significant decline compared to the earnings of $0.15 per share in the same period last year. Furthermore, the earnings per share (EPS) fell from $0.40 in the prior quarter.
The revenue for the quarter also experienced a downward trend, with a decrease of -2.529% to $24.66 million from $25.30 million in the corresponding quarter a year ago. Additionally, the revenue sequentially fell by -15.375% from $29.15 million. This decline in revenue is concerning and raises questions about the company's ability to generate sustainable growth.
For the same financial span ending March 31, 2024, Saga Communications Inc. reported a net loss of $-1.577 million, a significant difference from the net income of $0.920 million seen in the corresponding quarter a year before. This demonstrates a concerning decline in profitability for the company.
Furthermore, the statement released by the company revealed several concerning factors. The station operating expense increased by 5.9% to $23.0 million compared to the same period last year. This increase in expenses combined with the decline in revenue resulted in an operating loss of $2.4 million for the quarter, in stark contrast to the operating income of $905 thousand for the same period last year. The station operating income (a non-GAAP financial measure) also decreased by 40.9% to $2.8 million.
The operating loss for the quarter included a $971 thousand other operating expense, which was a non-cash write-off on the sale and abandonment of non-productive broadcast assets/licenses. This suggests that Saga Communications Inc. had to make significant write-offs, indicating potential mismanagement or poor decision-making.
In addition to its financial struggles, Saga Communications Inc. recently made headlines with its decision to acquire radio stations serving the Greater Lafayette, IN radio market. While this may seem like a positive move, it is crucial to analyze the context. The company's recent financial performance does not instill confidence in its ability to successfully integrate and grow these acquired assets.
Furthermore, the current share price of Saga Communications Inc. is trading at 5.3% above its 52-week average, which may seem decent on the surface. However, considering the company's overall poor financial performance and the decline in revenue and earnings, it is clear that the market does not reflect the true state of the company.
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| Saga Communications Inc
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.
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| Per Share |
Current |
| Earnings (TTM) |
0.75 $ |
| Revenues (TTM) |
18.22 $
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| Cash Flow (TTM) |
- |
| Cash |
4.73 $
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| Book Value |
27.32 $
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| Dividend (TTM) |
1.86 $ |
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| Per Share |
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| Earnings (TTM) |
0.75 $
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| Revenues (TTM) |
18.22 $ |
| Cash Flow (TTM) |
- |
| Cash |
4.73 $
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| Book Value |
27.32 $ |
| Dividend (TTM) |
1.86 $ |
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| Broadcast Advertising Revenue Net |
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 80.08 % |
of total Revenue |
| Digital Advertising Revenue |
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10.16 % |
of total Revenue |
| Other Revenue |
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9.76 % |
of total Revenue |
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1.28% 