Sinclair Broadcast Group, Inc. operates as a television broadcasting company in the United States. It owns or provides various programming, operating, or sales services to television stations. The company broadcasts free over-the-air programming, such as network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and internally originated programming to television viewing audiences in the communities through its local television stations. As of December 31, 2017, it owned, operated, and/or provided services to 191 stations in 89 markets, which broadcast 601 channels. The company also owns and operates various networks carried on distribution platforms; and Tennis Channel, a cable network that includes coverage of various tennis' top tournaments and original professional sport, and tennis lifestyle shows. In addition, it offers digital agency services; and broadcast related technical services to the broadcast industry, as well as designs and manufactures broadcast systems, including transmitters and antennas. In addition, it provides sign design and fabrication services; and invests in various real estate ventures, including developmental land, and operating commercial and multi-family residential real estate properties and apartments, as well as private equity and structured debt/mezzanine financing investment funds. The company was founded in 1986 and is headquartered in Hunt Valley, Maryland.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Television broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
SymbolNASDAQ:SBGI
CUSIP82922610
Phone410-568-1500
Debt
Debt-to-Equity Ratio2.44
Current Ratio2.96
Quick Ratio2.96
Price-To-Earnings
Trailing P/E Ratio10.25
Forward P/E Ratio10.44
P/E Growth5.08
Sales & Book Value
Annual Sales$2.73 billion
Price / Sales1.07
Cash Flow$6.7529 per share
Price / Cash4.25
Book Value$15.08 per share
Price / Book1.90
Profitability
EPS (Most Recent Fiscal Year)$2.80
Net Income$576.01 million
Net Margins19.47%
Return on Equity19.12%
Return on Assets4.15%
Miscellaneous
Employees8,900
Outstanding Shares102,280,000
Market Cap$2.85 billion
Sinclair Broadcast Group (NASDAQ:SBGI) Frequently Asked Questions
What is Sinclair Broadcast Group's stock symbol?
Sinclair Broadcast Group trades on the NASDAQ under the ticker symbol "SBGI."
How often does Sinclair Broadcast Group pay dividends? What is the dividend yield for Sinclair Broadcast Group?
Sinclair Broadcast Group declared a quarterly dividend on Thursday, August 9th. Investors of record on Friday, August 31st will be given a dividend of $0.18 per share on Monday, September 17th. This represents a $0.72 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, August 30th. View Sinclair Broadcast Group's Dividend History.
How were Sinclair Broadcast Group's earnings last quarter?
Sinclair Broadcast Group Inc (NASDAQ:SBGI) posted its quarterly earnings results on Wednesday, August, 8th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.25. The firm had revenue of $730.10 million for the quarter, compared to analyst estimates of $715.55 million. Sinclair Broadcast Group had a return on equity of 19.12% and a net margin of 19.47%. The company's quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. View Sinclair Broadcast Group's Earnings History.
When is Sinclair Broadcast Group's next earnings date?
What price target have analysts set for SBGI?
10 brokerages have issued 1 year price objectives for Sinclair Broadcast Group's shares. Their predictions range from $34.00 to $52.00. On average, they expect Sinclair Broadcast Group's share price to reach $41.30 in the next year. This suggests a possible upside of 43.9% from the stock's current price. View Analyst Price Targets for Sinclair Broadcast Group.
What is the consensus analysts' recommendation for Sinclair Broadcast Group?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sinclair Broadcast Group in the last year. There are currently 1 hold rating and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sinclair Broadcast Group.
What are Wall Street analysts saying about Sinclair Broadcast Group stock?
Here are some recent quotes from research analysts about Sinclair Broadcast Group stock:
- 1. According to Zacks Investment Research, "Sinclair Broadcast Group is a diversified broadcasting company that owns or provides programming services pursuant to local marketing agreements to more television stations than any other commercial broadcasting group in the United States. " (8/11/2018)
- 2. Benchmark Co. analysts commented, "We still believe August looks like the most likely time frame for a close, but remain confident the deal will ultimately get done, sending shares and the space higher. From a fundamental perspective, Sinclair had one of the better results in the space from a net revenue and EBITDA perspective, even with core down mid-single digits, as ancillary revenue streams, including retrans, and a delay in the timing of certain expenses drove upside vs. a muted consensus. For the first time in several quarters, forward revenue guidance also came in above the street, as core was set to improve modestly q/q, and a higher ancillary revenue base set a better run-rate for the year." (5/10/2018)
Are investors shorting Sinclair Broadcast Group?
Sinclair Broadcast Group saw a decrease in short interest in July. As of July 31st, there was short interest totalling 7,742,365 shares, a decrease of 32.1% from the July 13th total of 11,400,366 shares. Based on an average daily volume of 3,108,041 shares, the short-interest ratio is currently 2.5 days. Currently, 10.6% of the company's shares are sold short. View Sinclair Broadcast Group's Current Options Chain.
Who are some of Sinclair Broadcast Group's key competitors?
Some companies that are related to Sinclair Broadcast Group include Grupo Televisa SAB (TV), Liberty Media Formula One Series C (FWONK), Liberty Media Formula One Series A (FWONA), Liberty Media Formula One Series B (FWONB), PROSIEBENSAT 1/ADR (PBSFY), Nexstar Media Group (NXST), Tribune Company Common Stock (TRCO), Television Francaise 1 (TVFCF), TEGNA (TGNA), Gray Television (GTN), Gray Television, Inc. Class A (GTN.A), E. W. Scripps (SSP), Central European Media Enterprises (CETV), Entravision Communication (EVC) and Phoenix New Media (FENG).
Who are Sinclair Broadcast Group's key executives?
Sinclair Broadcast Group's management team includes the folowing people:
- Mr. David D. Smith, Exec. Chairman (Age 67)
- Mr. Christopher S. Ripley, Pres & CEO (Age 41)
- Ms. Lucy A. Rutishauser, Sr. VP & CFO (Age 53)
- Mr. Barry M. Faber, Exec. VP of Distribution & Network Relations and Gen. Counsel (Age 56)
- Mr. David B. Amy, Vice Chairman (Age 65)
Has Sinclair Broadcast Group been receiving favorable news coverage?
News headlines about SBGI stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sinclair Broadcast Group earned a coverage optimism score of 0.20 on Accern's scale. They also gave news articles about the company an impact score of 48.11 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Sinclair Broadcast Group.
Who are Sinclair Broadcast Group's major shareholders?
Sinclair Broadcast Group's stock is owned by many different of retail and institutional investors. Top institutional investors include Bank of New York Mellon Corp (6.12%), BlackRock Inc. (4.94%), FMR LLC (2.98%), Dimensional Fund Advisors LP (2.75%), OppenheimerFunds Inc. (2.28%) and Glenmede Trust Co. NA (1.72%). Company insiders that own Sinclair Broadcast Group stock include Barry Faber, David B Amy, David D Smith, David R Bochenek, Howard E Friedman, J Duncan Smith, Lawrence E Mccanna, Lucy Rutishauser and Martin R Leader. View Institutional Ownership Trends for Sinclair Broadcast Group.
Which major investors are selling Sinclair Broadcast Group stock?
SBGI stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Ivory Investment Management LLC, OppenheimerFunds Inc., Bank of New York Mellon Corp, Russell Investments Group Ltd., Pinnacle Associates Ltd., Raymond James & Associates and Schroder Investment Management Group. Company insiders that have sold Sinclair Broadcast Group company stock in the last year include Howard E Friedman and Lawrence E Mccanna. View Insider Buying and Selling for Sinclair Broadcast Group.
Which major investors are buying Sinclair Broadcast Group stock?
SBGI stock was purchased by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Glenmede Trust Co. NA, BlackRock Inc., Alpine Associates Management Inc., Capital Management Corp VA, Scopus Asset Management L.P., American Financial Group Inc. and Rovida Advisors Inc.. View Insider Buying and Selling for Sinclair Broadcast Group.
How do I buy shares of Sinclair Broadcast Group?
Shares of SBGI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Sinclair Broadcast Group's stock price today?
One share of SBGI stock can currently be purchased for approximately $28.70.
How big of a company is Sinclair Broadcast Group?
Sinclair Broadcast Group has a market capitalization of $2.85 billion and generates $2.73 billion in revenue each year. The company earns $576.01 million in net income (profit) each year or $2.80 on an earnings per share basis. Sinclair Broadcast Group employs 8,900 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 company can be reached via phone at 410-568-1500.
MarketBeat Community Rating for Sinclair Broadcast Group (NASDAQ SBGI)
MarketBeat's community ratings are surveys of what our community members think about Sinclair Broadcast Group and other stocks. Vote "Outperform" if you believe SBGI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SBGI will underperform the S&P 500 over the long term. You may vote once every thirty days.
