Noble Financial Has Negative Outlook for SGA Q4 Earnings

Saga Communications, Inc. (NASDAQ:SGA) – Noble Financial cut their Q4 2024 earnings per share (EPS) estimates for Saga Communications in a report issued on Tuesday, January 14th. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings of ($0.12) per share for the quarter, down from their prior estimate of ($0.07). The consensus estimate for Saga Communications’ current full-year earnings is $0.28 per share.

Saga Communications Price Performance

Shares of Saga Communications stock opened at $11.63 on Friday. The firm has a fifty day moving average price of $12.08 and a two-hundred day moving average price of $13.83. Saga Communications has a fifty-two week low of $10.75 and a fifty-two week high of $24.70. 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 company has a market cap of $72.80 million, a PE ratio of 16.15 and a beta of 0.26.

Saga Communications Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, November 25th. This represents a $1.00 annualized dividend and a yield of 8.60%. Saga Communications’s dividend payout ratio is 138.89%.

Insider Buying and Selling at Saga Communications

In other Saga Communications news, major shareholder Gate City Capital Management, purchased 240,609 shares of the stock in a transaction on Tuesday, December 31st. The shares were purchased at an average price of $11.25 per share, with a total value of $2,706,851.25. Following the acquisition, the insider now directly owns 863,845 shares of the company’s stock, valued at $9,718,256.25. This represents a 38.61 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 21.90% of the company’s stock.

Institutional Trading of Saga Communications

Institutional investors have recently made changes to their positions in the business. Krilogy Financial LLC bought a new position in Saga Communications during the fourth quarter worth about $265,000. Renaissance Technologies LLC lifted its position in shares of Saga Communications by 5.9% during the 2nd quarter. Renaissance Technologies LLC now owns 122,744 shares of the company’s stock worth $1,933,000 after buying an additional 6,800 shares during the period. Dimensional Fund Advisors LP boosted its stake in Saga Communications by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 361,325 shares of the company’s stock valued at $5,691,000 after buying an additional 4,015 shares in the last quarter. Geode Capital Management LLC raised its stake in Saga Communications by 5.9% during the third quarter. Geode Capital Management LLC now owns 53,679 shares of the company’s stock worth $771,000 after acquiring an additional 2,986 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Saga Communications by 5.1% during the third quarter. Empowered Funds LLC now owns 27,390 shares of the company’s stock valued at $393,000 after acquiring an additional 1,340 shares during the period. 74.28% of the stock is currently owned by institutional investors and hedge funds.

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.