News Spotlight: Saga Communications, Inc. (NASDAQ: SGA)

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On 13 May 2020, Saga Communications, Inc. (NASDAQ: SGA) changed -1.22% to recent value of $24.2. The stock transacted 4677 shares during most recent day however it has an average volume of 11.46K shares. It spotted trading -24.26% off 52-week high price. On the other end, the stock has been noted 15.24% away from the low price over the last 52-weeks.

Saga Communications, Inc. (SGA) recently stated net revenue of $31.8M for the quarter contrast to $32.9M for the same quarter last year.  Gross revenue was about flat with last year for the quarter at $33.7M net of political revenue of $535 thousand this quarter and $1.6M for the same period last year.  Station operating expense reduced $711 thousand to $23.1M and operating income reduced $575 thousand to $5.4M.  Net Income reduced $454 thousand to $3.8M for the quarter.  Diluted earnings per share were $0.64/share in the fourth quarter of 2019 contrast to $0.72/share during the same period in 2018.  Primarily Because of a $460 thousand reduction in the Company’s deferred tax provision free cash flow was $5.4M for the quarter ended December 31, 2019 contrast to $5.9M for the same period last year.

Gross Revenue was flat with last year for the twelve-month period at $131.5M net of political revenue of $887 thousand this year and $2.9M for the same period last year.   Net revenue reduced $1.8M to $123.1M. Station operating expense reduced $1.0M to $92.7M and operating income reduced $874 thousand to $18.8M.  Net income for the twelve-month period ended December 31, 2019 was $13.3M contrast to $13.7M for the same period last year.  Diluted earnings per share were $2.23/share for the twelve-month period in 2019 contrast to $2.30/share during the same period in 2018.  Primarily Because of a $1.2M reduction in the Company’s deferred tax provision free cash flow was $18.1M contrast to $19.5M for the twelve-month period ended December 31, 2019.

The Company had $44.0M in cash on hand as of December 31, 2019 and $47.0M as of March 9, 2020.  The Company’s total bank debt was $10M as of the end of the year.  Including the recently reported $0.32 per share dividend which will be paid on April 10, 2020, the Company will have paid over $71M in dividends since December 3, 2012.

Capital expenditures in the fourth quarter were $1.1M contrast to $1.5M for the same period last year.  For the twelve-month period capital expenditures were $5.7M contrast to $5.9M last year.  The Company expects to spend about $5.0 – 5.5M for capital expenditures during 2020.

The company has 5.76M of outstanding shares and 4.93M shares were floated in the market. According to the most recent quarter its current ratio was 3.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of -10.21% from the mean of 20 days, -10.60% from mean of 50 days SMA and performed -17.72% from mean of 200 days price. Company’s performance for the week was -7.88%, -12.48% for month and YTD performance remained -20.39%.

 

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