Saga Communications Inc. (NASDAQ: SGA) has reported earnings for its third fiscal quarter (ending September 30) of $0.45 versus a loss $-0.01 for the same period a year ago. This result fell short of the consensus estimate of $0.47 by $-0.02. E.P.S. were $1.85 for the latest four quarters through September 30 versus $1.42 for the same period a year ago — an increase of 30%.
Recent Price Action
Saga Communications Inc. (NASDAQ: SGA) stock closed at $19.34 on 11/2/23 after a modest gain of 1.0%. The stock has performed in line with the market over the last nine months and has risen 1.3% during the last week.
Current PriceTarget Research Rating
SGA is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Saga Communications has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Saga Communications has a neutral Appreciation Score of 53 and a slightly negative Power Rating of 40, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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