Saga Communications
SGA
Market cap $75.1M

11.99 USD

+0.19

1.61%

Updated Nov 19, 1:44 PM EST

1 day

1.61%

5 days

-4.61%

1 month

-15.68%

3 months

-21.12%

6 months

-39.14%

Year to date

-46.97%

1 year

-43.84%

5 years

-60.39%

10 years

-69.87%

About: Saga Communications Inc is a broadcast company engaged in acquiring, developing, and operating broadcast properties. The company's objective is to operate top billing radio stations in mid-sized markets and It derives a majority of its revenue from the sale of advertising for broadcast on its stations.

Employees: 833

Communication Services Radio Broadcasting Stations

0

Funds holding %

of 6,735 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

9% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 11

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

1.66% less ownership

Funds ownership: 56.63% [Q2] → 54.96% (-1.66%) [Q3]

11% less capital invested

Capital invested by funds: $55.8M [Q2] → $49.4M (-$6.39M) [Q3]

12% less funds holding

Funds holding: 42 [Q2] → 37 (-5) [Q3]

71% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 7

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Research analyst outlook

We haven’t received any recent analyst ratings for SGA.

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Financial journalist opinion

Based on 4 articles about SGA published over the past 30 days

Saga Communications, Inc. Declares a Quarterly Cash Dividend of $0.25 per Share

GROSSE POINTE FARMS, Mich., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company”, “Saga” or “our”) today announced that its Board of Directors (“Board”) declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on December 13, 2024, to shareholders of record on November 25, 2024. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company's balance sheet. Including this dividend, the Company will have paid approximately $135 million in dividends to shareholders since the first special dividend was paid in 2012.

Saga Communications, Inc. Declares a Quarterly Cash Dividend of $0.25 per Share

Saga Communications, Inc. (SGA) Q3 2024 Earnings Call Transcript

Saga Communications, Inc. (NASDAQ:SGA ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Chris Forgy - President & Chief Executive Officer Samuel Bush - Chief Financial Officer Conference Call Participants Operator Good day, everyone and welcome to the Saga Communications Third Quarter 2024 Earnings Release and Conference Call. At this time, all participants have been placed in a listen-only mode.

Saga Communications, Inc. (SGA) Q3 2024 Earnings Call Transcript

Saga Communications, Inc. Reports 3rd Quarter 2024 Results

GROSSE POINTE FARMS, Mich., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue decreased 3.5% to $28.1 million for the quarter ended September 30, 2024 compared to $29.1 million for the same period last year. Station operating expense increased 3.1% for the quarter to $23.5 million compared to the same period last year. For the quarter, operating income was $1.6 million compared to $3.5 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 21.2% to $6.0 million. Capital expenditures were $625 thousand for the quarter compared to $760 thousand for the same period last year. We had net income of $1.3 million for the quarter compared to net income of $2.7 million for the third quarter last year. Diluted earnings per share were $0.20 in the third quarter of 2024.

Saga Communications, Inc. Reports 3rd Quarter 2024 Results

Saga Communications, Inc. Announces Date and Time of 3rd Quarter 2024 Earnings Release and Conference Call

GROSSE POINTE FARMS, Mich., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 3rd Quarter 2024 results at 9:00 a.m. EST on Thursday, November 7, 2024. The company will be holding a conference call on the same date at 11:00 a.m. EST. The dial-in numbers are as follows:

Saga Communications, Inc. Announces Date and Time of 3rd Quarter 2024 Earnings Release and Conference Call

Saga Communications, Inc. Announces Appointment of Samuel D. Bush to Executive Vice President and Wayne Leland to Chief Operating Officer

GROSSE POINTE FARMS, Mich., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today announced the promotions of Samuel D. Bush to Executive Vice President as well as continuing his position as Chief Financial Officer and Treasurer. Mr. Bush joined Saga in 1997 as Vice President, Chief Financial Officer and Treasurer later being promoted to Senior Vice President in 2002.

Saga Communications, Inc. Announces Appointment of Samuel D. Bush to Executive Vice President and Wayne Leland to Chief Operating Officer

Saga Communications, Inc. Declares a Quarterly Cash Dividend of $0.25 per Share

GROSSE POINTE FARMS, Mich., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company”, “Saga” or “our”) today announced that its Board of Directors (“Board”) declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on October 18, 2024, to shareholders of record on September 25, 2024. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company's balance sheet. Including this dividend, the Company will have paid approximately $134 million in dividends to shareholders since the first special dividend was paid in 2012.

Saga Communications, Inc. Declares a Quarterly Cash Dividend of $0.25 per Share

Saga Communications, Inc. (SGA) Q2 2024 Earnings Call Transcript

Saga Communications, Inc. (NASDAQ:SGA ) Q2 2024 Earnings Call August 8, 2024 11:00 AM ET Company Participants Chris Forgy - President and Chief Executive Officer Samuel Bush - Chief Financial Officer Operator Good morning, everyone, and welcome to the Saga Communications Second Quarter 2024 Earnings Release and Conference Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, Chris Forgy.

Saga Communications, Inc. (SGA) Q2 2024 Earnings Call Transcript

Saga Communications, Inc. Reports 2nd Quarter 2024 Results

GROSSE POINTE FARMS, Mich., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue decreased 1.5% to $28.7 million for the quarter ended June 30, 2024 compared to $29.2 million for the same period last year. Station operating expense increased 5.1% for the quarter to $23.5 million compared to the same period last year. For the quarter, operating income was $2.1 million compared to $4.3 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased to $6.4 million from $8.0 million for the same period last year. Capital expenditures were $1.5 million for the quarter compared to $1.3 million for the same period last year. We had net income of $2.5 million for the quarter compared to net income of $3.4 million for the second quarter last year. Diluted earnings per share were $0.40 in the second quarter of 2024.

Saga Communications, Inc. Reports 2nd Quarter 2024 Results

Saga Communications, Inc. Announces Date and Time of 2nd Quarter 2024 Earnings Release and Conference Call

GROSSE POINTE FARMS, Mich., July 15, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 2nd Quarter 2024 results at 9:00 a.m. EDT on Thursday, August 8, 2024. The company will be holding a conference call on the same date at 11:00 a.m. EDT. The dial-in numbers are as follows:

Saga Communications, Inc. Announces Date and Time of 2nd Quarter 2024 Earnings Release and Conference Call

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