What’s In Store For Saga In Q4?


Saga Communications revealed Monday that it will release its Q4 and year-end 2018 results at 9am Eastern on Tuesday, March 12.

The pure-play radio broadcasting company will be holding a conference call later that morning to discuss the results.

What should investors and market observers expect to hear from President/CEO Ed Christian?

He hinted during the company’s Q3 earnings call that low single-digit growth in Q4 is being seen, and that political is only part of the picture.

Saga in Q3 saw its net revenue jump to $31.65 million, from $30.27 million.

Income from continuing operations, net of tax, rose to $3.7 million (62 cents per share), from $3 million (50 cents).

Free Cash Flow was also up, rising to $5.24 million from $4.49 million.

The only “blemish,” if you will, for Saga was a slip in its Q3 operating income to $5.32 million, from $5.5 million, as Station Operating Expense advanced to $23.43 million, from $21.76 million. On a same-station basis, net operating revenue was statistically flat.

Saga’s 12-month trading chart is a yo-yo of sorts, and SGA is presently trading toward the bottom of its 52-week range. Saga typically trades between $30 and $40, and on Tuesday will open at $33.55. One year ago, shares were $39.75. However, Saga bottomed out at $31.51 on January 22 — representing its lowest value in five years.