Saga Communications, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $58.4M
- Price
- $9.18
- % Change (Daily % change from the live per-ticker quote feed.)
- -2.55%
- Volume
- 9.9K
About
Saga Communications, Inc. operates as a broadcasting firm, concentrating on the acquisition, development, and management of media assets throughout the United States. Its diverse network of radio stations presents a broad spectrum of programming, featuring popular formats such as classic hits, adult hits, top 40, various country music genres (including country legends), mainstream, hot, and soft adult contemporary, pure oldies, classic rock, and news/talk content. As of February 28, 2022, the company's portfolio encompassed 79 FM and 34 AM radio stations, alongside 79 metro signals, collectively serving 27 different markets. Saga Communications, established in 1986, maintains its corporate headquarters in Grosse Pointe Farms, Michigan.
Quick stats
Shares outstanding6.4M
Computed float2.8M
Float / shares43.2%
Key info
SectorCommunication Services
IndustryBroadcasting
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000886136
Websitehttps://www.sagacom.com
AI Summary
AI-generated1/10
standardbearishearnings
Saga Communications, Inc. Reports 2nd Quarter 2026 Results
Saga Communications reported a 6.5% decline in Q2 net revenue to $26.4 million, with station operating income dropping 50.6% to $3.0 million.
For the six months ended June 30, the company swung to a net loss of $1.4 million, or $0.23 per share, compared to net income of $447 thousand in the prior year period.
Despite the earnings decline, the company paid a quarterly dividend of $0.25 per share and maintained strong liquidity with $27.8 million in cash and short-term investments, having fully repaid its revolving credit facility.
Red flags
- Revenue declined 6.5% YoY
- Station operating income declined 50.6% YoY
- Swing to net loss of $1.4 million for the six-month period