Saga Communications, Inc. (Nasdaq: SGA) (the "Company") today announced that, due to the public health impact of the coronavirus (COVID-19) pandemic, the Company has changed the location and format of its Annual Meeting of Stockholders (the "Annual Meeting") to a virtual-only format. Stockholders will not be able to attend the Annual Meeting in person.
Saga Communications, Inc. (Nasdaq: SGA) today announced that Marcia Lobaito has informed the Company that, after 33 years with the Company, she will be retiring as Senior Vice President and Director of Business Affairs, effective March 13, 2020. At the request of the Company, Ms. Lobaito will continue to serve as Corporate Secretary. Ed Christian, Saga's President and Chief Executive Officer, said, "Marcia was part of the Company before we became Saga Communications. She has been part of the fabric of Saga since it was formed some 33 plus years ago. She has watched and aided in our growth and she will be missed as a Senior Vice President. We are fortunate, however, that she will remain still integral to our Company as the Corporate Secretary of Saga Communications."
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Saga Communications, Inc. (Nasdaq: SGA) today announced that its Board of Directors increased the quarterly cash dividend 6.7% per share from $0.30 to $0.32 per share. This will be the third increase in the Company's quarterly cash dividend since the Company started paying a quarterly cash dividend in 2014. The dividend will be paid on April 10, 2020 to shareholders of record on March 16, 2020. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.9 million. The quarterly cash dividend will be funded by cash on the Company's balance sheet. The Company, including this dividend, will have paid over $71 million in dividends to shareholders since the first special dividend was paid in 2012.
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Q1 2020 Saga Communications Inc Earnings Call
Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 4th Quarter and Year End 2019 results at 9:00 a.m. EDT on Thursday, March 12, 2020. 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:
After reading Saga Communications, Inc.'s (NasdaqGM:SGA) most recent earnings announcement (31 December 2019), I found...
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NEW YORK, NY / ACCESSWIRE / March 12, 2020 / Saga Communications, Inc. (NASDAQ:SGA) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 12, 2020 at ...
Q4 2019 Saga Communications Inc Earnings Call
Saga Communications, Inc. (Nasdaq - SGA) today reported net income increased to $1.7 million from $1.4 million for the same period last year. Net revenue of $26.1 million for the quarter compared to $27.8 million for the 1st quarter last year. Gross political revenue increased $963 thousand for the quarter this year to $1.0 million. Station operating expense decreased $964 thousand to $22.2 million and operating income increased $202 thousand to $2.2 million. Diluted earnings per share were $0.28/share in the 1st quarter of 2020 compared to $0.23/share during the same period in 2019. Free cash flow was $1.5 million for the quarter ended March 31, 2020 compared to $2.6 million for the same period last year. A $1.4 million gain on the sale of the land and building at one of the Company's tower sites is excluded in the free cash flow calculation.
Saga Communications, Inc. (NASDAQ:SGA) is about to trade ex-dividend in the next 4 days. You will need to purchase...
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Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 1st Quarter 2020 results at 9:00 a.m. EDT on Wednesday, May 6, 2020. 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. (Nasdaq: SGA) today reported net revenue of $31.8 million for the quarter compared to $32.9 million for the same quarter last year. Gross revenue was approximately flat with last year for the quarter at $33.7 million net of political revenue of $535 thousand this quarter and $1.6 million for the same period last year. Station operating expense decreased $711 thousand to $23.1 million and operating income decreased $575 thousand to $5.4 million. Net Income decreased $454 thousand to $3.8 million for the quarter. Diluted earnings per share were $0.64/share in the fourth quarter of 2019 compared to $0.72/share during the same period in 2018. Primarily due to a $460 thousand reduction in the Company's deferred tax provision free cash flow was $5.4 million for the quarter ended December 31, 2019 compared to $5.9 million for the same period last year.
How far off is Saga Communications, Inc. (NASDAQ:SGA) from its intrinsic value? Using the most recent financial data...