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The Media industry as a whole closed the day down 0.7% versus the S&P 500, which was up 0.2%. Laggards within the Media industry included Beasley Broadcast Group ( BBGI), down 2.9%, CVSL ( CVSL), down 8.8%, Ku6 Media ( KUTV), down 10.2%, Saga Communications ( SGA), down 3.0% and Daily Journal ( DJCO), down 2.7%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Saga Communications ( SGA) is one of the companies that pushed the Media industry lower today. Saga Communications was down $1.28 (3.0%) to $41.59 on average volume. Throughout the day, 3,936 shares of Saga Communications exchanged hands as compared to its average daily volume of 4,600 shares. The stock ranged in price between $41.46-$42.46 after having opened the day at $42.46 as compared to the previous trading day's close of $42.87.

Saga Communications, Inc., a broadcast company, acquires, develops, and operates broadcast properties in the United States. It operates in two segments, Radio and Television. Saga Communications has a market cap of $214.1 million and is part of the services sector. Shares are down 1.4% year-to-date as of the close of trading on Friday. Currently there are no analysts who rate Saga Communications a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates Saga Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from TheStreet Ratings analysis on SGA go as follows:

  • Despite its growing revenue, the company underperformed as compared with the industry average of 8.4%. Since the same quarter one year prior, revenues slightly increased by 4.4%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • The current debt-to-equity ratio, 0.35, is low and is below the industry average, implying that there has been successful management of debt levels. Along with this, the company maintains a quick ratio of 2.68, which clearly demonstrates the ability to cover short-term cash needs.
  • Net operating cash flow has slightly increased to $9.16 million or 8.73% when compared to the same quarter last year. Despite an increase in cash flow, SAGA COMMUNICATIONS's average is still marginally south of the industry average growth rate of 17.41%.
  • SAGA COMMUNICATIONS's earnings per share declined by 25.3% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past year. However, we anticipate this trend reversing over the coming year. During the past fiscal year, SAGA COMMUNICATIONS reported lower earnings of $2.62 versus $3.18 in the prior year. This year, the market expects an improvement in earnings ($2.76 versus $2.62).

You can view the full analysis from the report here: Saga Communications Ratings Report

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At the close, Ku6 Media ( KUTV) was down $0.10 (10.2%) to $0.92 on average volume. Throughout the day, 50,771 shares of Ku6 Media exchanged hands as compared to its average daily volume of 57,600 shares. The stock ranged in price between $0.83-$1.05 after having opened the day at $1.04 as compared to the previous trading day's close of $1.02.

Ku6 Media has a market cap of $48.5 million and is part of the services sector. Shares are up 2.0% year-to-date as of the close of trading on Friday.

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Beasley Broadcast Group ( BBGI) was another company that pushed the Media industry lower today. Beasley Broadcast Group was down $0.15 (2.9%) to $5.10 on average volume. Throughout the day, 5,825 shares of Beasley Broadcast Group exchanged hands as compared to its average daily volume of 5,600 shares. The stock ranged in price between $5.10-$5.36 after having opened the day at $5.25 as compared to the previous trading day's close of $5.25.

Beasley Broadcast Group, Inc., a radio broadcasting company, is engaged in operating radio stations in the United States. Beasley Broadcast Group has a market cap of $33.9 million and is part of the services sector. Shares are up 2.7% year-to-date as of the close of trading on Friday.

TheStreet Ratings rates Beasley Broadcast Group as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.

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Highlights from TheStreet Ratings analysis on BBGI go as follows:

  • Even though the current debt-to-equity ratio is 1.01, it is still below the industry average, suggesting that this level of debt is acceptable within the Media industry. Despite the fact that BBGI's debt-to-equity ratio is mixed in its results, the company's quick ratio of 2.33 is high and demonstrates strong liquidity.
  • BBGI, with its decline in revenue, underperformed when compared the industry average of 8.4%. Since the same quarter one year prior, revenues slightly dropped by 5.0%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Media industry and the overall market on the basis of return on equity, BEASLEY BROADCAST GROUP INC underperformed against that of the industry average and is significantly less than that of the S&P 500.
  • BEASLEY BROADCAST GROUP INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, BEASLEY BROADCAST GROUP INC reported lower earnings of $0.14 versus $0.49 in the prior year.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Media industry. The net income has decreased by 22.8% when compared to the same quarter one year ago, dropping from $3.19 million to $2.46 million.

You can view the full analysis from the report here: Beasley Broadcast Group Ratings Report

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