Saga Coms Stock Price, News & Analysis

Saga Communications (SGA) reported its Q4 and full-year 2024 financial results, showing declining performance across key metrics. Q4 net revenue decreased 1.3% to $28.8 million, while station operating expense increased 4.1% to $24.3 million. Operating income significantly dropped to $984 thousand from $2.8 million year-over-year.

For the full year 2024, net revenue declined 2.2% to $110.3 million, with station operating expense rising 4.5% to $94.3 million. Operating income saw a substantial decrease to $2.4 million from $11.5 million the previous year. The company maintained its quarterly dividend of $0.25 per share, with total dividend payments reaching over $137 million since 2012.

The company's balance sheet showed $27.8 million in cash and short-term investments as of December 31, 2024. Saga expects capital expenditures of $4.0-$4.5 million for 2025.

Saga Communications (Nasdaq: SGA) provided a strategic update ahead of its March 11, 2025 earnings call. The company currently operates 82 FM stations, 31 AM stations, and 79 metro signals across 28 markets.

Key strategic initiatives include:

• Implementing a cost-effective digital strategy focused on 'Click, Visit, Call and Search' approach
• Identifying operational efficiencies to enhance profitability
• Ongoing board refreshment with plans to recruit a digital marketing expert
• Evaluating non-core asset sales with proceeds potentially funding stock buybacks and dividends

The company also addressed Gate City Capital Management's nomination of four board candidates, stating that Gate City 'misunderstands Saga's business.' TowerView , Saga's largest shareholder, supports the current strategic direction.

Saga Communications (Nasdaq: SGA) has scheduled its 4th Quarter and Year End 2024 earnings release for March 11, 2025, at 9:00 a.m. EST, followed by a conference call at 11:00 a.m. EST. The company will discuss several key initiatives including:

• Execution of ongoing digital strategy
• Evaluation of non-core asset sales and potential use of proceeds for buybacks, dividends, and corporate purposes
• Plans to refresh the board
• Evaluation of market and corporate level expenses

The media company currently operates 82 FM and 31 AM radio stations across 28 markets, with 79 metro signals. Stakeholders can submit questions via email to SagaIR@sagacom.com by 10:00 a.m. EST on the earnings day. The earnings release will include non-GAAP financial measures such as station operating income, trailing 12-month consolidated EBITDA, and same station financial information.

Saga Communications (SGA) has announced a quarterly cash dividend of $0.25 per share, payable on March 7, 2025, to shareholders of record as of February 18, 2025. The total dividend payment will amount to approximately $1.6 million and will be funded from the company's cash reserves.

Since initiating dividend payments in 2012, Saga has distributed approximately $137 million in dividends to shareholders. The company's Board has adopted a variable dividend policy focused on maintaining a strong balance sheet, increasing shareholder returns, and pursuing strategic acquisitions. The policy allows for regular quarterly dividends, variable dividends, special dividends, and potential stock buybacks.

Saga currently operates in 28 markets, managing 82 FM and 32 AM radio stations, along with 79 metro signals.

Saga Communications (Nasdaq: SGA) announced a quarterly cash dividend of $0.25 per share, payable on December 13, 2024, to shareholders of record on November 25, 2024. The total dividend payment will be approximately $1.6 million, funded by cash on the company's balance sheet. Since 2012, Saga has distributed about $135 million in dividends. The company plans to continue regular quarterly and variable dividends based on its policy, which aims to maintain a strong balance sheet while increasing shareholder returns and pursuing strategic acquisitions.

Saga Communications reported financial results for Q3 2024, showing a decline in performance. Net revenue decreased 3.5% to $28.1 million, while station operating expense increased 3.1% to $23.5 million. Operating income fell to $1.6 million from $3.5 million year-over-year. The company reported net income of $1.3 million with diluted earnings per share of $0.20.

For the nine-month period, net revenue decreased 2.5% to $81.5 million, with operating income dropping to $1.4 million from $8.7 million. The company maintained strong liquidity with $28.7 million in cash and short-term investments, paying a quarterly dividend of $0.25 per share.

Saga Communications (Nasdaq: SGA) has scheduled its 3rd Quarter 2024 earnings release for Thursday, November 7, 2024, at 9:00 a.m. EST, followed by a conference call at 11:00 a.m. EST. Stakeholders can submit questions via email to SagaIR@sagacom.com by 10:00 a.m. EST on the same day. The earnings release will include non-GAAP metrics such as station operating income and consolidated EBITDA. Saga operates in 28 markets with 82 FM stations, 32 AM stations, and 79 metro signals, focusing on broadcast properties and digital initiatives.

Saga Communications (Nasdaq: SGA) has announced key leadership changes. Samuel D. Bush has been promoted to Executive Vice President, while retaining his roles as Chief Financial Officer and Treasurer. Bush, who joined Saga in 1997, previously served as Senior Vice President since 2002. Additionally, Wayne Leland has been elevated to Chief Operating Officer from his previous position as Senior Vice President/Operations. Leland joined Saga in 2011 and became part of the executive team in January 2023.

CEO Chris Forgy praised the promotions, highlighting the strength of Saga's leadership team. Both Bush and Leland expressed enthusiasm for their new roles and commitment to Saga's future success.

Saga Communications (Nasdaq: SGA) has announced a quarterly cash dividend of $0.25 per share, payable on October 18, 2024, to shareholders of record on September 25, 2024. The total payout will be approximately $1.6 million, funded by the company's cash reserves. This dividend continues Saga's commitment to shareholder returns, having paid about $134 million in dividends since 2012.

The company has adopted a variable dividend policy to balance maintaining a strong balance sheet, increasing cash returns to shareholders, and pursuing strategic acquisitions. Saga operates 82 FM and 32 AM radio stations across 28 markets, with a growing focus on digital and non-traditional revenue initiatives.