Saga Communications (SGA) Projected to Post Quarterly 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. Investors that are interested in registering for the company’s conference call can do so using this link.

Saga Communications Trading Down 2.4 %

Shares of SGA opened at $10.80 on Wednesday. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.03. Saga Communications has a 12-month low of $10.75 and a 12-month high of $24.67. The firm has a 50-day moving average price of $11.94 and a 200 day moving average price of $13.09. The firm has a market capitalization of $67.62 million, a P/E ratio of 15.00 and a beta of 0.27.

Saga Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Tuesday, February 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.26%. The ex-dividend date is Tuesday, February 18th. Saga Communications’s dividend payout ratio is currently 138.89%.

Insider Activity at Saga Communications

In other Saga Communications news, major shareholder Edward K. Christian Trust sold 2,326 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $12.10, for a total transaction of $28,144.60. Following the completion of the transaction, the insider now owns 962,280 shares of the company’s stock, valued at $11,643,588. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Gate City Capital Management, bought 240,609 shares of the stock in a transaction on Tuesday, December 31st. The shares were bought at an average cost of $11.25 per share, with a total value of $2,706,851.25. Following the purchase, the insider now owns 863,845 shares of the company’s stock, valued at $9,718,256.25. This trade represents a 38.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 15,943 shares of company stock valued at $200,590. 21.90% of the stock is owned by company insiders.

About Saga Communications

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.