The communications sector includes companies providing broadband, multimedia, wireless, Internet and other related services. The industry has big names like Meta Platforms, Inc. (META), Verizon Communications Inc. (VZ), T-Mobile US, Inc. (TMUS), and Netflix, Inc. (NFLX). Some are major dividend payers. For example, the dividend yield of VZ is 4.96%. Here we discuss five mid- and small-cap communications stocks with positive year-to-date and year-to-date returns.
Gogo Inc. (NASDAQ: GOGO)
Price range in one year: $23.69 to $9.61
Gogo Inc, based in Colorado, Broomfield, is an inflight connectivity system and service provider. The Company’s subsidiaries provide aviation communications, wireless in-cabin digital entertainment solutions and in-flight broadband for the aviation industry.
It reported net income of US$22.19 million on revenue of US$92.75 million for the three months ended March 31, 2022. In the March 2021 quarter, revenue was $73.86 million US dollars and net loss of 7.68 million US dollars. Diluted EPS was $0.18, compared to a loss per diluted share of $0.09 in the March 2021 quarter.
The stock has a market capitalization of US$2.23 billion. It closed at US$19.87 on June 8, 2022.
Its P/E ratio is 16.15 and the one-year forward P/E ratio is 31.05.
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World Wrestling Entertainment, Inc. (NYSE: WWE)
Price range in one year: $70.72 to $46.81
World Wrestling Entertainment develops and produces television programs, live wrestling events and pay-per-view programs. Its segments are Live Events, Media and Consumer Products. Its headquarters are in Stamford, Connecticut.
For the three months ended March 31, 2022, the company’s net revenue was US$333.45 million, compared to US$263.52 million in the prior year quarter.
Net income was US$66.04 million or US$0.77 per share diluted, compared to US$43.83 million or US$0.51 per share diluted in the March 2021 quarter.
The stock has a market capitalization of US$4.92 billion. It closed at US$66.15 on June 8, 2022.
Its P/E ratio is 27.68 and the one-year forward P/E ratio is 26.67. The dividend yield is 0.72% and the annualized dividend is $0.48.
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Loop Media Inc. (OTC: LPTV)
Price range in one year: $1.92 to $3.15
Loop Media is a streaming media company based in Glendale, California. It focuses on premium short video and offers music videos and movie, game and TV trailers for hospitality, retail and foodservice venues on branded media and entertainment sites. , over-the-top TV platforms and IPTV devices.
For the quarter ended March 31, 2022, its revenue was US$4.88 million, compared to US$0.79 million in the same quarter a year earlier. The company incurred a net loss of US$4.97 million compared to a net loss of US$8.25 million in the March 2021 quarter. Diluted loss per share for the March 2022 and 2021 quarters was at US$0.04 and US$0.07, respectively.
The stock has a market capitalization of US$414.47 million. It closed at US$2.7 on June 8, 2022.
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Nexstar Media Group, Inc. (NASDAQ: NXST)
Price range over the past year: $192.84 to $135.87
Nexstar owns one television station and operates 199 stations in 116 markets in the United States. One hundred and fifty-five of its stations are affiliated with broadcasters including CBS, Fox, NBC and ABC. The Irving, Texas-based company also owns NewsNation, a pay-TV network, and has about 31% stakes in Food Network and Cooking Channel.
Its net revenue for the March 2022 quarter was US$1.21 billion, compared to US$1.11 billion in the same quarter a year earlier. Net income attributable to the company increased approximately 25% year-on-year to $251.6 million or $5.99 per diluted share, from $200.9 million or $4.42 per diluted share in March quarter of the previous year.
The stock has a market capitalization of US$6.98 billion. It closed at USD 172.66 on June 8, 2022. Its P/E ratio is 8.39 and the one-year forward P/E ratio is 6.67.
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TEGNA Inc. (NYSE: TGNA)
Price range over the past year: $23.04 to $16.41
Tegna Inc, based in Tyson, Virginia, is a media company. Its portfolio includes broadcast stations and digital sites. It operates approximately 64 television stations and two radio stations in the United States. It also owns the True Crime Network and Quest multicast networks.
Tyson recorded revenue of US$774.12 million for the quarter ended March 31, 2022, compared to US$727.05 million for the same quarter a year earlier. Net income attributable to TEGNA was $134.23 million or $0.60 per diluted share, compared to $112.62 million or $0.51 per diluted share in the March quarter a year ago .
The stock has a market capitalization of US$4.72 billion. It closed at $21.17 on June 8, 2022. Its P/E ratio is 9.45 and the one-year forward P/E ratio is 6.83.
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At the end of the line :
The S&P 500 index of the communication services sector has fallen nearly 25% since the start of the year and 22.56% in one year. Communication stocks had made strong gains during the pandemic, but have since declined.