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

Saga Communications, Inc. (NASDAQ:SGA) – Equities research analysts at Noble Financial cut their FY2025 EPS estimates for Saga Communications in a research report issued to clients and investors on Wednesday, March 12th. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings of $0.13 per share for the year, down from their prior estimate 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 opened at $12.12 on Friday. Saga Communications has a twelve month low of $10.75 and a twelve month high of $23.56. The company has a 50-day simple moving average of $11.98 and a 200 day simple moving average of $12.92. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $75.88 million, a price-to-earnings ratio of 16.83 and a beta of 0.27.

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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.25%. The ex-dividend date was Tuesday, February 18th. Saga Communications’s payout ratio is 181.82%.

Insiders Place Their Bets

In related news, major shareholder Edward K. Christian Trust sold 2,326 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $12.10, for a total value of $28,144.60. Following the transaction, the insider now directly owns 962,280 shares in the company, valued at $11,643,588. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Gate City Capital Management, bought 240,609 shares of the business’s stock in a transaction that occurred on 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 owns 863,845 shares in the company, valued at $9,718,256.25. This represents a 38.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 15,400 shares of company stock valued at $193,575. 21.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Saga Communications

Large investors have recently modified their holdings of the company. Gate City Capital Management LLC lifted its stake in Saga Communications by 94.5% during the 4th quarter. Gate City Capital Management LLC now owns 863,845 shares of the company’s stock valued at $9,528,000 after acquiring an additional 419,714 shares in the last quarter. Bridgeway Capital Management LLC increased its position in shares of Saga Communications by 1.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 78,053 shares of the company’s stock valued at $861,000 after purchasing an additional 847 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Saga Communications during the 4th quarter valued at $115,000. Northern Trust Corp increased its position in shares of Saga Communications by 10.4% during the 4th quarter. Northern Trust Corp now owns 13,874 shares of the company’s stock valued at $153,000 after purchasing an additional 1,306 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Saga Communications by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 354,831 shares of the company’s stock valued at $3,914,000 after purchasing an additional 1,770 shares during the last quarter. 74.28% of the stock is currently owned by institutional investors.

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.