OverviewSuggest Edit

Saga Communications, Inc. is a broadcast company whose business is primarily devoted to acquiring, developing and operating radio stations, television stations, and state radio networks. The Company owns or operates broadcast properties, including FM and AM radio stations, a state radio network, farm radio networks, television stations and low power television stations. Saga's radio stations employ various programming formats, including Classic Hits, Adult Contemporary, Active Rock, Oldies, News/Talk, Country, and Classical. The Company's television stations are affiliated with CBS and Fox in Joplin, MO; ABC, Fox, NBC, Telemundo and Univision in Victoria, TX.
TypePublic
Founded1986
HQGrosse Pointe Farms, US
Websitesagacom.com

Latest Updates

Employees (est.) (Dec 2018)687
Job Openings3
Revenue (FY, 2018)$124.8 M(+6%)
Share Price (Jan 2020)$30.8

Key People/Management at Saga Communications

Edward K. Christian

Edward K. Christian

President, CEO, and Chairman
Samuel D. Bush

Samuel D. Bush

Senior Vice President, Treasurer, and CFO
Marcia K. Lobaito

Marcia K. Lobaito

Senior Vice President, Director of Business Affairs
Catherine A. Bobinski

Catherine A. Bobinski

Senior Vice President - Finance, Chief Accounting Officer and Corporate Controller
Christopher Forgy

Christopher Forgy

Senior Vice President/Operations
Gary G. Stevens

Gary G. Stevens

Lead Director
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Saga Communications Office Locations

Saga Communications has an office in Grosse Pointe Farms
Grosse Pointe Farms, US (HQ)
73 Kercheval Ave STE 201
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Saga Communications Financials and Metrics

Saga Communications Revenue

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Saga Communications's revenue was reported to be $124.83 m in FY, 2018
USD

Revenue (Q3, 2019)

31.3m

Gross profit (Q3, 2019)

7.7m

Gross profit margin (Q3, 2019), %

24.5%

Net income (Q3, 2019)

3.3m

EBIT (Q3, 2019)

4.8m

Market capitalization (22-Jan-2020)

183.0m

Closing stock price (22-Jan-2020)

30.8

Cash (30-Sept-2019)

41.1m

EV

151.9m
Saga Communications's current market capitalization is $183 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

127.3m130.3m129.5m134.0m132.9m142.6m118.1m124.8m

Revenue growth, %

3%(1%)7%

Cost of goods sold

93.4m90.3m93.0m98.4m97.3m101.5m87.8m93.7m

Gross profit

33.9m40.0m36.5m35.6m35.6m41.0m30.4m31.1m
Quarterly
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

7.0m15.9m17.6m17.9m21.6m26.6m53.0m44.7m

Accounts Receivable

19.4m19.7m19.8m20.7m21.3m4.4m19.3m20.0m

Prepaid Expenses

2.0m2.5m2.4m3.0m2.6m2.5m2.6m

Inventories

3.0m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

12.6m17.9m15.3m14.9m13.4m18.2m54.7m13.7m

Depreciation and Amortization

7.5m6.9m6.8m6.7m6.8m7.3m6.3m6.8m

Accounts Payable

(1.4m)1.9m(396.0k)595.0k1.2m1.1m811.0k121.0k

Cash From Operating Activities

27.2m31.0m26.7m25.4m28.5m29.3m5.4m25.6m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

4.8m8.5m2.7m7.8m12.2m2.9m7.8m

Depreciation and Amortization

3.4m5.1m1.6m3.3m

Cash From Operating Activities

11.6m19.4m8.8m14.8m21.5m7.7m11.0m19.5m7.8m11.8m21.0m7.6m12.8m19.3m7.2m12.7m21.0m5.5m13.2m18.7m4.4m13.2m18.2m6.3m12.8m19.0m

Purchases of PP&E

(2.5m)(4.1m)(1.2m)(2.5m)(3.9m)(1.2m)(2.5m)(3.5m)(1.5m)(2.9m)(3.8m)(950.0k)(2.3m)(4.4m)(1.0m)(2.5m)(4.1m)(1.4m)(3.4m)(4.8m)(1.5m)(2.9m)(4.4m)(1.2m)(3.2m)(4.7m)
USDY, 2019

EV/EBIT

31.6 x

EV/CFO

8 x

Debt/Equity

0.1 x

Financial Leverage

1.3 x
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Saga Communications Operating Metrics

FY, 2014FY, 2015FY, 2016

Radio Station Markets

23 24 24

Radio Stations

92 99 100

Television Markets

2 2 2

Television Stations

9 9 9
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Saga Communications Revenue Breakdown

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Saga Communications revenue breakdown by business segment: 83.4% from Radio and 16.6% from Television

Saga Communications Online and Social Media Presence

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Saga Communications News and Updates

Saga Communications, Inc. Announces Date and Time of 2nd Quarter 2019 Earnings Release and Conference Call

GROSSE POINTE FARMS, Mich., July 15, 2019 /PRNewswire/ -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 2nd Quarter 2019 results at 9:00 a.m. EDT on Tuesday, August 6, 2019. The company will be holding a conference call on the same date at 11:00 a.m. EDT....

Saga Communications, Inc. Announces Date and Time of 4th Quarter and Year End 2018 Earnings Release and Conference Call

GROSSE POINTE FARMS, Mich., Feb. 18, 2019 /PRNewswire/ -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 4th Quarter and Year End 2018 results at 9:00 a.m. EDT on Tuesday, March 12, 2019. The company will be holding a conference call on the same date at...

Saga Communications, Inc. Declares Quarterly Cash Dividend of $0.30 per Share and Special Cash Dividend of $0.25 per Share

GROSSE POINTE FARMS, Mich., Nov. 28, 2018 /PRNewswire/ -- Saga Communications, Inc. (Nasdaq: SGA) today announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share and a special cash dividend of $0.25 per share for its Class A and Class B shares. The...

Saga Communications, Inc. Enters into an Agreement to Acquire 4 FM Radio Stations Serving the Gainesville - Ocala, FL Radio Market

GROSSE POINTE FARMS, Mich., Oct. 30, 2018 /PRNewswire/ -- Saga Communications, Inc. (Nasdaq -SGA) announced today that it has entered into an agreement to purchase the assets of WOGK(FM), WNDT(FM), WNDD(FM), and WNDN(FM), from Ocala Broadcasting Corporation, LLC. All the stations serve...

Saga Communications Inc. Announces Date and Time of 3rd Quarter 2018 Earnings Release and Conference Call

GROSSE POINTE FARMS, Mich., Oct. 16, 2018 /PRNewswire/ -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 3rd Quarter 2018 results at 9:00 a.m. EDT on Friday, November 2, 2018. The company will be holding a conference call on the same date at 11:00 a.m....

Saga Communications, Inc. Declares Quarterly Cash Dividend of $0.30 per Share

GROSSE POINTE FARMS, Mich., Aug. 14, 2018 /PRNewswire/ -- Saga Communications, Inc. (NYSE American: SGA) today announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share. The dividend will be paid on September 14, 2018 to shareholders of record on August...

Saga Communications Frequently Asked Questions

  • When was Saga Communications founded?

    Saga Communications was founded in 1986.

  • Who are Saga Communications key executives?

    Saga Communications's key executives are Edward K. Christian, Samuel D. Bush and Marcia K. Lobaito.

  • How many employees does Saga Communications have?

    Saga Communications has 687 employees.

  • What is Saga Communications revenue?

    Latest Saga Communications annual revenue is $124.8 m.

  • What is Saga Communications revenue per employee?

    Latest Saga Communications revenue per employee is $181.7 k.

  • Who are Saga Communications competitors?

    Competitors of Saga Communications include The Week, Sinclair Broadcast Group and E.W. Scripps.

  • Where is Saga Communications headquarters?

    Saga Communications headquarters is located at 73 Kercheval Ave STE 201, Grosse Pointe Farms.

  • Where are Saga Communications offices?

    Saga Communications has an office in Grosse Pointe Farms.

  • How many offices does Saga Communications have?

    Saga Communications has 1 office.