GOGO to LPTV: Five communication stocks to watch in July

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Highlights:
  • Gogo Inc’s (NASDAQ: GOGO) P/E ratio is 16.15, and the forward P/E ratio of one year is 31.05.
  • World Wrestling Entertainment, Inc. (NYSE: WWE) stock has a dividend yield of 0.72% and an annualized dividend of US$0.48.
  • Nexstar Media Group, Inc.'s (NASDAQ: NXST) net income attributable to the company increased by around 25% YoY in the March quarter of 2022. Its P/E ratio is 8.39.

The communication sector comprises companies providing broadband, media, 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 significant dividend payers. For instance, VZ's dividend yield is 4.96%. We discuss here five mid-cap and small-cap communication stocks with positive one-year and YTD returns.

Gogo Inc. (NASDAQ: GOGO)

Price range in one year: US$23.69 to US$9.61

Colorado, Broomfield-based Gogo Inc is an in-flight connectivity system and service provider. The company's subsidiaries offer aero communications, wireless in-cabin digital entertainment solutions, and in-flight broadband for the aviation industry. 

It reported a net income of US22.19 million on revenue of US$92.75 million for the three months ended March 31, 2022. In the March quarter of 2021, the revenue was US$73.86 million, and the net loss was US$7.68 million. The EPS diluted came in at US$0.18 compared to a loss per share diluted of US$0.09 in the March quarter of 2021.  

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 forward P/E ratio of one year is 31.05.

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World Wrestling Entertainment, Inc. (NYSE: WWE)

Price range in one year: US$70.72 to US$46.81

World Wrestling Entertainment develops and produces television programming, live wrestling events, and pay-per-view programming. Its segments are Live Events, Media, and Consumer Products. It is headquartered in Stamford, Connecticut.

For the three months ended March 31, 2022, the company's net revenue came in at US$333.45 million compared to US$263.52 million in the previous year’s quarter.

The 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 quarter of 2021.

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 forward P/E ratio of one year is 26.67. The dividend yield is 0.72%, and the annualized dividend is US$0.48.

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Loop Media Inc (OTC: LPTV)

Price range in one year: US$1.92 to US$3.15

Loop Media is a streaming media company based in Glendale, California. It focuses on premium short-form video and offers music videos and film, game and TV trailers for the hospitality, retail, and dining venues on the 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 of the previous year. The company incurred a net loss of US$4.97 million versus a net loss of US$8.25 million in the March quarter of 2021. The loss per share diluted for the March quarter of 2022 and 2021 stood 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 in last one year: US$192.84 to US$135.87

Nexstar is a television station owner and operates 199 stations in 116 markets in the US. One hundred 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-television network, and has around a 31% stake in Food Network and Cooking Channel.

Its net revenue for the March quarter of 2022 was US$1.21 billion compared to US$1.11 billion in the same quarter the previous year. The net income attributable to the company increased by around 25% YoY to US$251.6 million or US$5.99 per diluted share compared to US$200.9 million or US$4.42 per share diluted in the March quarter a year ago.

The stock has a market capitalization of US$6.98 billion. It closed at US$172.66 on June 8, 2022. Its P/E ratio is 8.39, and the forward P/E ratio of one year is 6.67.

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TEGNA Inc (NYSE: TGNA)

Price range in last one year: US$23.04 to US$16.41

Tyson, Virginia-based Tegna Inc is a media company. Its portfolio comprises broadcast stations and digital sites. It runs roughly 64 television and two radio stations in the US. It also owns the multicast networks of True Crime Network and Quest. 

Tyson reported revenue of US$774.12 million for the quarter ended March 31, 2022, compared to US$727.05 million for the same quarter in the prior year. The net income attributable to TEGNA was US$134.23 million or US$0.60 per share diluted compared to US$112.62 million or US$0.51 per share diluted in the March quarter of the previous year. 

The stock has a market capitalization of US$4.72 billion. It closed at US$21.17 on June 8, 2022. Its P/E ratio is 9.45, and the forward P/E ratio of one year is 6.83.

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Bottom line:

The S&P 500 Communications Services Sector Index dropped nearly 25% YTD and 22.56% in one year. The communication stocks had seen robust gains during the pandemic but have since declined.


 


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