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NASDAQ:SBGI

Sinclair Broadcast Group (SBGI) Stock Forecast, Price & News

$14.82
+0.73 (+5.18%)
(As of 06/6/2023 ET)
Compare
Today's Range
$14.00
$15.15
50-Day Range
$14.09
$20.86
52-Week Range
$12.64
$25.79
Volume
728,247 shs
Average Volume
753,147 shs
Market Capitalization
$934.24 million
P/E Ratio
4.14
Dividend Yield
6.75%
Price Target
$24.17

Sinclair Broadcast Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
63.1% Upside
$24.17 Price Target
Short Interest
Bearish
10.91% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.62
Upright™ Environmental Score
News Sentiment
0.78mentions of Sinclair Broadcast Group in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
84.73%
From $2.75 to $5.08 Per Share

Overall MarketRank

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

2.91 out of 5 stars

Consumer Discretionary Sector

18th out of 262 stocks

Television Broadcasting Stations Industry

3rd out of 13 stocks


SBGI stock logo

About Sinclair Broadcast Group (NASDAQ:SBGI) Stock

Sinclair Broadcast Group, Inc. is a media company engaged in the provision of local sports and news. It operates through the following segments: Broadcast, Local Sports, and Others. The Broadcast segment consists of television stations which offer programming and operating services, and sales and other non-programming operating services. The Local Sports segment consists of regional sports networks, the Marquee Sports Network, Yankee Entertainment, and Sports Network LLC. The company was founded by Julian Sinclair Smith in 1986 and is headquartered in Hunt Valley, MD.

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SBGI Stock News Headlines

Surprising "Twist" Hands Biden Landslide Re-election?
This could make it harder than ever to hang onto the money you make as Progressives gain power, and America slides further towards Socialism.
Surprising "Twist" Hands Biden Landslide Re-election?
This could make it harder than ever to hang onto the money you make as Progressives gain power, and America slides further towards Socialism.
Sinclair Approves Holding Company Reorganization
Sinclair Broadcast Group (NASDAQ:SBGI) Trading Up 5.6%
10-Q: SINCLAIR BROADCAST GROUP INC
Sinclair Wins Three National Headliner Awards
Sinclair Broadcast Group (NASDAQ:SBGI) PT Lowered to $18.00
See More Headlines

SBGI Price History

SBGI Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 3/17 Dividend
3/02/2023
Dividend Payable
3/17/2023
Ex-Dividend for 6/15 Dividend
5/26/2023
Today
6/06/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
8/02/2023
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
$24.17
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+63.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$2.65 billion
Pretax Margin
8.79%

Debt

Sales & Book Value

Annual Sales
$3.41 billion
Cash Flow
$11.67 per share
Book Value
$9.78 per share

Miscellaneous

Free Float
36,752,000
Market Cap
$934.24 million
Optionable
Optionable
Beta
1.43

Social Links


Key Executives

  • Christopher Stewart Ripley
    President & Chief Executive Officer
  • Robert D. Weisbord
    Chief Operating Officer & President-Broadcast
  • Lucy A. Rutishauser
    Chief Financial Officer & Executive Vice President
  • Delbert R. Parks
    President-Technology
  • Michael Kralec
    Chief Technology Officer & Senior Vice President













SBGI Stock - Frequently Asked Questions

Should I buy or sell Sinclair Broadcast Group stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group 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 research 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 Broadcast Group's stock price forecast for 2023?

6 brokerages have issued 12 month target prices for Sinclair Broadcast Group's stock. Their SBGI share price forecasts range from $15.00 to $50.00. On average, they expect the company's share price to reach $24.17 in the next twelve months. This suggests a possible upside of 67.0% 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 Broadcast Group's stock was trading at $15.51 at the start of the year. Since then, SBGI stock has decreased by 6.7% and is now trading at $14.47.
View the best growth stocks for 2023 here
.

When is Sinclair Broadcast Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our SBGI earnings forecast
.

How were Sinclair Broadcast Group's earnings last quarter?

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) issued its earnings results on Tuesday, November, 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.86) by $1.11. The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.58 billion. Sinclair Broadcast Group had a trailing twelve-month return on equity of 39.37% and a net margin of 7.32%. The company's revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business earned $2.13 EPS.

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

Sinclair Broadcast Group announced a quarterly dividend on Wednesday, May 3rd. Stockholders of record on Tuesday, May 30th will be paid a dividend of $0.25 per share on Thursday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 6.91%. The ex-dividend date of this dividend is Friday, May 26th.
Read our dividend analysis for SBGI
.

Is Sinclair Broadcast Group a good dividend stock?

Sinclair Broadcast Group (NASDAQ:SBGI) pays an annual dividend of $1.00 per share and currently has a dividend yield of 6.74%. 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 27.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBGI will have a dividend payout ratio of 19.69% 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 Broadcast Group issued on next quarter's earnings?

Sinclair Broadcast Group issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $757.00 million-$773.00 million, compared to the consensus revenue estimate of $780.47 million.

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

133 employees have rated Sinclair Broadcast Group 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 Broadcast Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sinclair Broadcast Group 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 Broadcast Group's stock symbol?

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

Who are Sinclair Broadcast Group's major shareholders?

Sinclair Broadcast Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.51%), Contrarius Investment Management Ltd (5.45%), Gamco Investors INC. ET AL (4.18%), Capital Management Corp VA (1.94%), Dimensional Fund Advisors LP (1.88%) and Gabelli Funds LLC (1.61%). 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, Howard E Friedman, 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 Broadcast Group?

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 Broadcast Group's stock price today?

One share of SBGI stock can currently be purchased for approximately $14.47.

How much money does Sinclair Broadcast Group make?

Sinclair Broadcast Group (NASDAQ:SBGI) has a market capitalization of $912.19 million and generates $3.93 billion in revenue each year. The company earns $2.65 billion in net income (profit) each year or $3.58 on an earnings per share basis.

How many employees does Sinclair Broadcast Group have?

The company employs 7,900 workers across the globe.

How can I contact Sinclair Broadcast Group?

Sinclair Broadcast Group'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 6/6/2023 by MarketBeat.com Staff

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