What is Noble Financial’s Forecast for SGA FY2025 Earnings?

Saga Communications, Inc. (NASDAQ:SGA) – Investment analysts at Noble Financial reduced their FY2025 earnings per share (EPS) estimates for Saga Communications in a research note issued on Wednesday, March 12th. Noble Financial analyst M. Kupinski now anticipates that the company will post earnings of $0.13 per share for the year, down from their prior forecast of $0.48. The consensus estimate for Saga Communications’ current full-year earnings is $0.23 per share.

Saga Communications Trading Up 1.3 %

SGA stock opened at $12.12 on Friday. The business has a fifty day moving average of $11.98 and a 200-day moving average of $12.91. The company has a market cap of $75.88 million, a P/E ratio of 16.83 and a beta of 0.27. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Saga Communications has a twelve month low of $10.75 and a twelve month high of $23.56.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC grew its stake in Saga Communications by 1.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 78,053 shares of the company’s stock valued at $861,000 after acquiring an additional 847 shares during the period. Empowered Funds LLC grew its stake in Saga Communications by 4.6% in the fourth quarter. Empowered Funds LLC now owns 28,637 shares of the company’s stock valued at $316,000 after acquiring an additional 1,247 shares during the period. Northern Trust Corp grew its stake in Saga Communications by 10.4% in the fourth quarter. Northern Trust Corp now owns 13,874 shares of the company’s stock valued at $153,000 after acquiring an additional 1,306 shares during the period. Aristides Capital LLC grew its stake in Saga Communications by 12.1% in the fourth quarter. Aristides Capital LLC now owns 12,160 shares of the company’s stock valued at $134,000 after acquiring an additional 1,310 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Saga Communications by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 354,831 shares of the company’s stock valued at $3,914,000 after acquiring an additional 1,770 shares during the period. 74.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Saga Communications

In related news, major shareholder Edward K. Christian Trust sold 5,651 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $12.72, for a total value of $71,880.72. Following the completion of the sale, the insider now owns 945,000 shares in the company, valued at approximately $12,020,400. This represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Gate City Capital Management, bought 240,609 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was acquired at an average cost of $11.25 per share, with a total value of $2,706,851.25. Following the completion of the purchase, the insider now owns 863,845 shares of the company’s stock, valued at approximately $9,718,256.25. This trade represents a 38.61 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 15,400 shares of company stock worth $193,575. 21.90% of the stock is owned by insiders.

Saga Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were issued a $0.25 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.00 dividend on an annualized basis and a yield of 8.25%. Saga Communications’s dividend payout ratio is presently 181.82%.

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.