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PFE   32.98 (+0.89%)
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NASDAQ:SBGI

Sinclair (SBGI) Stock Forecast, Price & News

$11.00
-0.57 (-4.93%)
(As of 04:00 PM ET)
Compare
Today's Range
$10.88
$11.52
50-Day Range
$10.22
$14.65
52-Week Range
$9.81
$22.41
Volume
1.04 million shs
Average Volume
738,034 shs
Market Capitalization
$697.62 million
P/E Ratio
4.64
Dividend Yield
9.09%
Price Target
$22.75

Sinclair MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
103.1% Upside
$22.75 Price Target
Short Interest
Bearish
10.96% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.62
Upright™ Environmental Score
News Sentiment
-0.59mentions of Sinclair in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$601 Sold Last Quarter
Proj. Earnings Growth
137.28%
From $1.69 to $4.01 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.89 out of 5 stars

Consumer Discretionary Sector

25th out of 271 stocks

Television Broadcasting Stations Industry

4th out of 11 stocks


SBGI stock logo

About Sinclair (NASDAQ:SBGI) Stock

Sinclair, Inc., a media company, focuses on providing content on local television stations and digital platforms. The company distributes its content through broadcast platforms and third-party platforms that consist of programming provided by third-party networks and syndicators, local news, other original programming, and college sports. It also owns digital media products that are complementary to its portfolio of television station related digital properties, as well as interests in, owns, manages, and/or operates technical and software services companies, intellectual property for the advancement of broadcast technology, and other media and non-media related businesses and assets, including interests in real estate, venture capital, private equity, and direct investments. Sinclair, Inc. was founded in 1986 and is headquartered in Hunt Valley, Maryland.

SBGI Price History

SBGI Stock News Headlines

Disney Denies Rumors of TV Sale, After Stock Jumps on News
Disney's stock rallied on reports of talks to sell ABC and other channels. The company issued a statement denying it had reached a decision about divestitures.
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Sinclair (NASDAQ:SBGI) Trading Down 2.6%
Sinclair Executive Mark Aitken Named SMPTE Fellow
Sinclair's Mark Aitken Named SMPTE Fellow
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
KOMO/Seattle Wins RTDNA National Edward R. Murrow Award
Sinclair's (NASDAQ:SBGI) Dividend Will Be $0.25
See More Headlines
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SBGI Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Today
9/25/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
Broadcasting
Current Symbol
NASDAQ:SBGI
CUSIP
82922610
Employees
7,900
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$22.75
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$13.50
Forecasted Upside/Downside
+96.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$2.65 billion
Pretax Margin
7.15%

Debt

Sales & Book Value

Annual Sales
$3.93 billion
Cash Flow
$11.69 per share
Book Value
$9.78 per share

Miscellaneous

Free Float
36,976,000
Market Cap
$733.77 million
Optionable
Optionable
Beta
1.41

Social Links

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Key Executives

  • Mr. David D. Smith (Age 72)
    Exec. Chairman
    Comp: $3.46M
  • Mr. Christopher S. Ripley (Age 46)
    Pres & CEO
    Comp: $3.46M
  • Mr. Robert D. Weisbord (Age 60)
    COO & Pres of Broadcast
    Comp: $3.21M
  • Mr. David B. Gibber (Age 41)
    Sr. VP & Gen. Counsel
    Comp: $1.25M
  • Dr. Frederick G. Smith (Age 73)
    VP & Director
  • Mr. J. Duncan Smith (Age 69)
    VP, Sec. & Director
  • Mr. David R. Bochenek (Age 60)
    Sr. VP & Chief Accounting Officer
  • Mr. Michael J. Kralec
    Sr. VP & CTO
  • Mr. Brian S. Bark (Age 53)
    Exec. VP & Chief Information Officer
  • Mr. Christopher C. King
    VP of Investor Relations













SBGI Stock - Frequently Asked Questions

Should I buy or sell Sinclair stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sinclair in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SBGI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SBGI, but not buy additional shares or sell existing shares.
View SBGI analyst ratings
or view top-rated stocks.

What is Sinclair's stock price forecast for 2023?

6 analysts have issued 1-year target prices for Sinclair's stock. Their SBGI share price forecasts range from $13.50 to $50.00. On average, they predict the company's share price to reach $22.75 in the next year. This suggests a possible upside of 96.6% from the stock's current price.
View analysts price targets for SBGI
or view top-rated stocks among Wall Street analysts.

How have SBGI shares performed in 2023?

Sinclair's stock was trading at $15.51 at the start of the year. Since then, SBGI stock has decreased by 25.4% and is now trading at $11.57.
View the best growth stocks for 2023 here
.

When is Sinclair's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our SBGI earnings forecast
.

How were Sinclair's earnings last quarter?

Sinclair, Inc. (NASDAQ:SBGI) announced its earnings results on Wednesday, August, 2nd. The company reported ($1.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by $0.51. The business had revenue of $768 million for the quarter, compared to analyst estimates of $765.72 million. Sinclair had a net margin of 5.14% and a trailing twelve-month return on equity of 29.58%.

How often does Sinclair pay dividends? What is the dividend yield for Sinclair?

Sinclair declared a quarterly dividend on Thursday, August 31st. Shareholders of record on Friday, September 1st will be paid a dividend of $0.25 per share on Friday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for SBGI
.

What ETFs hold Sinclair's stock?
Is Sinclair a good dividend stock?

Sinclair (NASDAQ:SBGI) pays an annual dividend of $1.00 per share and currently has a dividend yield of 8.64%. SBGI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 42.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBGI will have a dividend payout ratio of 24.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBGI.

What guidance has Sinclair issued on next quarter's earnings?

Sinclair issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $677.00 million-$694.00 million, compared to the consensus revenue estimate of $772.49 million.

What is Christopher Ripley's approval rating as Sinclair's CEO?

133 employees have rated Sinclair Chief Executive Officer Christopher Ripley on Glassdoor.com. Christopher Ripley has an approval rating of 51% among the company's employees. This puts Christopher Ripley in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Sinclair own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sinclair investors own include Alibaba Group (BABA), Walt Disney (DIS), NVIDIA (NVDA), Gilead Sciences (GILD), AT&T (T), Intel (INTC), Micron Technology (MU), QUALCOMM (QCOM), AbbVie (ABBV) and Applied Materials (AMAT).

What is Sinclair's stock symbol?

Sinclair trades on the NASDAQ under the ticker symbol "SBGI."

Who are Sinclair's major shareholders?

Sinclair's stock is owned by a variety of institutional and retail investors. Top institutional investors include Gamco Investors INC. ET AL (5.46%), Gamco Investors INC. ET AL (5.45%), BlackRock Inc. (4.21%), Dimensional Fund Advisors LP (2.85%), Capital Management Corp VA (2.25%) and Gabelli Funds LLC (2.07%). Insiders that own company stock include Barry Faber, Benson E Legg, Daniel C Keith, David B Gibber, David D Smith, David R Bochenek, Frederick G Smith, Frederick G Smith, J Duncan Smith, Jeffrey Edward Lewis, Lawrence E Mccanna, Lawrence E Mccanna and Ruth Louisa Villigerwilson.
View institutional ownership trends
.

How do I buy shares of Sinclair?

Shares of SBGI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Sinclair's stock price today?

One share of SBGI stock can currently be purchased for approximately $11.57.

How much money does Sinclair make?

Sinclair (NASDAQ:SBGI) has a market capitalization of $733.77 million and generates $3.93 billion in revenue each year. The company earns $2.65 billion in net income (profit) each year or $2.37 on an earnings per share basis.

How many employees does Sinclair have?

The company employs 7,900 workers across the globe.

How can I contact Sinclair?

Sinclair's mailing address is 10706 BEAVER DAM ROAD, HUNT VALLEY MD, 21030. The official website for the company is www.sbgi.net. The company can be reached via phone at (410) 568-1500 or via fax at 410-568-1533.

This page (NASDAQ:SBGI) was last updated on 9/25/2023 by MarketBeat.com Staff

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