Equities Analysts Set Expectations for SGA FY2025 Earnings

Saga Communications, Inc. (NASDAQ:SGA - Free Report) - Analysts at Noble Financial cut their FY2025 EPS estimates for shares of Saga Communications in a research report issued on Wednesday, March 12th. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings per share of $0.13 for the year, down from their previous forecast of $0.48. The consensus estimate for Saga Communications' current full-year earnings is $0.23 per share.

Saga Communications Stock Up 2.0 %

NASDAQ SGA traded up $0.24 during trading on Friday, reaching $12.22. 4,540 shares of the company's stock traded hands, compared to its average volume of 17,310. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 2.64. The firm has a market cap of $76.53 million, a price-to-earnings ratio of 16.98 and a beta of 0.27. The company's 50 day simple moving average is $11.99 and its two-hundred day simple moving average is $12.87. Saga Communications has a 12-month low of $10.75 and a 12-month high of $23.56.

Institutional Trading of Saga Communications

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of Saga Communications in the 4th quarter valued at about $115,000. Aristides Capital LLC boosted its holdings in shares of Saga Communications by 12.1% in the 4th quarter. Aristides Capital LLC now owns 12,160 shares of the company's stock valued at $134,000 after buying an additional 1,310 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Saga Communications by 10.4% in the 4th quarter. Northern Trust Corp now owns 13,874 shares of the company's stock valued at $153,000 after buying an additional 1,306 shares in the last quarter. Krilogy Financial LLC bought a new stake in shares of Saga Communications in the 4th quarter valued at about $265,000. Finally, Empowered Funds LLC boosted its stake in Saga Communications by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 27,390 shares of the company's stock worth $393,000 after purchasing an additional 1,340 shares in the last quarter. 74.28% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Saga Communications

In other news, major shareholder Edward K. Christian Trust sold 5,651 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $12.72, for a total value of $71,880.72. Following the sale, the insider now directly owns 945,000 shares in the company, valued at approximately $12,020,400. This trade represents a 0.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Gate City Capital Management, purchased 240,609 shares of the stock in a transaction dated Tuesday, December 31st. The stock was purchased at an average price of $11.25 per share, for a total transaction of $2,706,851.25. Following the completion of the acquisition, the insider now directly owns 863,845 shares in the company, valued at approximately $9,718,256.25. This represents a 38.61 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 15,400 shares of company stock valued at $193,575. Company insiders own 21.90% of the company's stock.

Saga Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.18%. The ex-dividend date was Tuesday, February 18th. Saga Communications's dividend payout ratio (DPR) is 181.82%.

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.