The publicly traded radio industry pure-play led by CEO Chris Forgy has announced when it will release its fiscal report for the three-month period ending September 30.
Saga Communications, which trades on the Nasdaq exchange as “SGA,” will release its Q3 results on Thursday, November 2.
The numbers will arrive prior to the Opening Bell for U.S. financial markets, with an 11am Eastern conference call featuring Forgy and CFO Sam Bush on tap.
As has been the case for Saga, it will not be taking live calls on the call from analysts or investors. Rather, the company is offering those with a question to send it via e-mail no later than 10am Eastern on November 2, so they may review it prior to the call with ample time to prepare a response. These questions may be e-mailed to [email protected].
“The company will discuss, during the limited period of the conference call, those inquiries it deems of general relevance and interest,” Saga said. “Only inquiries made in compliance with the foregoing will be discussed during the call.”
Saga, which owns 79 FM and 33 AM radio stations, remains tracked by just 1 financial analyst. And, that analyst predicts Saga will see revenue of $28.9 million in Q3 and report earnings per share of $0.47.
On September 27, Saga’s board declared a dividend of $0.25 per share, continuing the strong shareholder rewards instilled by the late Ed Christian, the company’s founder and original CEO.
Daniel Tisch-led Towerview LLC remains Saga’s lead institutional investor, and as of June 29 had 18.96% interest in the company. The second-largest investor, FMR LLC, holds 7.7% of Saga ownership as of June 29.
