Saga Communications (NASDAQ-SGA) moved -4.44% to recent value of $26.27. The stock transacted 7594 shares during most recent day however it has an average volume of 11.18K shares. It spotted trading -17.78% off 52-week high price. On the other end, the stock has been noted 25.10% away from the low price over the last 52-weeks.

On May 06, 2020, Saga Communications (NASDAQ-SGA) revealed 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.

The Company had $46.3 million in cash on hand as of March 31, 2020 and $47.0 million as of May 4, 2020.  The Company’s total bank debt was $10 million as of the end of the quarter.  Including the $0.32 per share dividend which was paid on April 10, 2020, the Company has paid over $71.3 million in dividends since December 3, 2012.

Capital expenditures in the first quarter were $1.0 million compared to $1.2 million for the same period last year.  The Company expects to spend approximately $3.0 – 3.5 million for capital expenditures during 2020.

SGA has a gross margin of 24.70% and an operating margin of 15.30% while its profit margin remained 10.60% for the last 12 months. Its earnings per share (EPS) expected to touch remained -3.40% for this year.

The company has 5.96M 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 -4.44% from the mean of 20 days, -3.98% from mean of 50 days SMA and performed -11.01% from mean of 200 days price. Company’s performance for the week was -0.58%, 11.75% for month and YTD performance remained -9.57%.