Saga Communications, Inc. (SGA) AI Stock Analysis

NASDAQ: SGAAI research summary: business, growth, valuation, analysts, bull and bear case.

SGA AI stock analysis summary

AI Research

Saga Communications, Inc. (SGA) is a broadcast company operating radio properties across the United States. In FY2025, revenue contracted 5.1% to $107.1M alongside a net loss of -$7.9M. Despite earnings pressures, the company maintained $22.8M in net cash as of June 30, 2026, and provides a forward dividend yield of 11.99%.

Market cap
$52.9M
Revenue (TTM)
$103.9M
P/E
—
fwd 15.7x
1Y return
-26.9%
S&P 500 16.8%
Avg. target
$14.00
68.3% vs last close

Bull case

  • The company maintains a low-leverage balance sheet with $22.8M in net cash and a debt-to-equity ratio of 0.03 as of June 30, 2026.
  • Saga Communications provides an annual forward dividend of $1.00 per share, resulting in a dividend yield of 11.99%.
  • The single analyst tracking the company has a mean price target of $14.00, implying a 68.3% premium over the last close of $8.32.

Bear case

  • Net income dropped to -$7.9M in FY2025, falling from a positive net income of $3.5M in FY2024.
  • Trailing twelve months profitability remains negative, featuring an operating margin of -3.4% and an EPS of -$1.38.
  • Dividends paid in FY2025 totaled $6.4M, which exceeded the $2.4M generated in free cash flow.

What Saga Communications does

Saga Communications, Inc. specializes in the acquisition, development, and operation of radio properties throughout the United States. Its portfolio covers diverse programming formats such as classic hits, adult hits, top 40, country, country legends, mainstream/hot/soft adult contemporary, pure oldies, classic rock, and news/talk. As of February 28, 2022, the company owned and managed seventy-nine FM stations, thirty-four AM stations, and seventy-nine metro signals across twenty-seven distinct markets. Headquartered in Grosse Pointe Farms, Michigan, the company focuses on delivering programming across its radio network while investing in talent, content development, and emerging broadcast capabilities.

Growth and profitability

From FY2020 to FY2025, Saga Communications recorded a 5-year revenue CAGR of 2.3%. Revenue grew from $108.3M in FY2021 to $114.9M in FY2022, but subsequently declined to $112.8M in FY2023, reached $112.9M in FY2024, and dropped 5.1% to $107.1M in FY2025. Operating margin fell from 13.9% in FY2021 to -2.0% in FY2025, while net income shifted from $11.2M to -$7.9M. In the latest quarter ended June 30, 2026, quarterly revenue fell 6.5% year-over-year and quarterly earnings fell 14.3% year-over-year. Over the trailing twelve months, revenue stood at $103.9M, operating margin was -3.4%, and diluted EPS was -$1.38.

SGA income statement →

Balance sheet and cash flow

As of June 30, 2026, Saga Communications held $27.8M in cash and short-term investments against total debt of $5.0M, resulting in net cash of $22.8M. The company reported a current ratio of 2.24 and a debt-to-equity ratio of 0.03, supported by $148.2M in shareholders' equity and $196.8M in total assets. In FY2025, operating cash flow stood at $5.5M and free cash flow was $2.4M. Capital expenditures totaled $3.0M, share buybacks used $2.5M, and dividends paid absorbed $6.4M.

SGA balance sheet →

Valuation and performance

At a last close of $8.32 on October 16, 2026, Saga Communications traded at an enterprise value of $35.3M and a market cap of $52.9M. Its forward P/E of 15.7x is above the 14.1x median of its US-listed Communication Services peers, while its price-to-sales of 0.5x and EV to EBITDA of 7.3x sit below peer medians of 0.8x and 10.0x, respectively. The stock posted a 1-year return of -26.9% and a 5-year return of -33.9%, trailing S&P 500 (SPY) gains of 16.8% over 1 year and 83.0% over 5 years.

SGA key metrics →

SGA dividend

Saga Communications pays a quarterly dividend with an annual forward payout of $1.00 per share, representing a dividend yield of 11.99%. The company has paid consecutive dividends for 15 years, with a 5-year annualized dividend growth rate of 25.6%. Its last ex-dividend date was September 23, 2026.

SGA dividend history →

What analysts expect

Wall Street coverage consists of 1 Hold rating, with 0 Strong Buy, 0 Buy, 0 Sell, and 0 Strong Sell ratings. The mean price target is $14.00, representing an upside of 68.3% over the last close of $8.32. For the fiscal year ending December 31, 2026, the analyst estimate projects an EPS of -$0.52 on revenue of $104.5M. The company beat EPS estimates in 1 of the last 4 quarters. The next earnings date is November 12, 2026.

SGA forecast and price target →

Key risks and what to watch

  • Quarterly revenue fell 6.5% year-over-year in the period ended June 30, 2026, showing continued top-line contraction.
  • Free cash flow declined from $15.0M in FY2021 to $2.4M in FY2025, which may impact capital return flexibility.
  • The stock is down 21.9% year-to-date and trades 14.2% below its 200-day average as of October 16, 2026.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this SGA AI stock analysis

This page is an AI-written research summary of Saga Communications, Inc. (SGA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: SGA income statement, SGA balance sheet, SGA key metrics, SGA analyst forecast, SGA chart. See the SGA stock overview for the latest quote and news.

SGA AI stock analysis FAQ

What is Saga Communications' dividend yield?

Saga Communications pays an annual forward dividend of $1.00 per share, which corresponds to an 11.99% dividend yield. Payouts are distributed quarterly, and the company has paid dividends for 15 consecutive years.

What are analysts forecasting for SGA?

Wall Street coverage features 1 Hold rating with a mean price target of $14.00, which is 68.3% above the $8.32 close on October 16, 2026. For FY2026, analysts estimate an EPS of -$0.52 and revenue of $104.5M.

How strong is Saga Communications' balance sheet?

As of June 30, 2026, the company held $27.8M in cash and short-term investments against $5.0M in total debt, creating net cash of $22.8M. It has a debt-to-equity ratio of 0.03 and a current ratio of 2.24.

When is Saga Communications' next earnings report?

Saga Communications is scheduled to report earnings on November 12, 2026. The company beat EPS estimates in 1 of the prior 4 quarters.

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