Sinclair Broadcast Group Company Profile (NASDAQ:SBGI)

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

Sinclair Broadcast Group announced a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Friday, September 1st will be paid a dividend of $0.18 per share on Friday, September 15th. This represents a $0.72 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Wednesday, August 30th. View Sinclair Broadcast Group's Dividend History.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) announced its earnings results on Wednesday, August, 2nd. The company reported $0.43 earnings per share for the quarter, hitting analysts' consensus estimates of $0.43. The company earned $679.30 million during the quarter, compared to analyst estimates of $678.23 million. Sinclair Broadcast Group had a net margin of 9.70% and a return on equity of 32.06%. The business's revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share. View Sinclair Broadcast Group's Earnings History.

Sinclair Broadcast Group is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Sinclair Broadcast Group.

6 brokers have issued 12 month price targets for Sinclair Broadcast Group's stock. Their forecasts range from $42.00 to $55.00. On average, they expect Sinclair Broadcast Group's stock price to reach $48.17 in the next year. View Analyst Ratings for Sinclair Broadcast Group.

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. " (10/4/2017)
• 2. Wedbush analysts commented, "Wedbush view: after a 4.5% jump after results, we expect SBGI to remain range-bound near-term, but maintain our long-term OUTPERFORM view given positive tells on the deregulation outlook. While SBGI reported a slightly 4Q miss and guided to the low end of its previous 2-year avg. FCF guidance, we expect near future deregulatory rulings (in particularly, potential near-term reinstatement of the UHF discount) to put SBGI back in the M&A game' SBGI guided to low end of its guidance for 2016/17 average FCF of $950m- 1,025m and provided guidance for 2017/18 average FCF of $950-1,025m. Lower guidance for 2016/17 reflects lower political ad revenue in 2016 and higher opex for 1) acquisitions, initiatives and system upgrades and 2) reverseretransmission fees. While raising our FY2017E revenue for higher retransmission revenue and core advertising growth (to 3% from 0%), we lower our 2016/17 avg. PF FCF estimate to $951m from $972m, and introduce our 2017/2018 avg. PF FCF estimate of $981m ($5.49/share)." (2/23/2017)

Sinclair Broadcast Group saw a increase in short interest in the month of September. As of September 15th, there was short interest totalling 13,519,941 shares, an increase of 14.4% from the August 31st total of 11,821,610 shares. Based on an average daily volume of 1,625,185 shares, the short-interest ratio is presently 8.3 days. Approximately 17.9% of the shares of the company are short sold.

Some companies that are related to Sinclair Broadcast Group include TiVo Corporation (TIVO), Liberty Media Corporation (BATRK), Gray Television (GTN), Central European Media Enterprises (CETV), Phoenix New Media Limited (FENG), Global Eagle Entertainment (ENT), Comcast (CMCSK), Directv (DTV), Starz Acquisition LLC (STRZA) and Starz Acquisition LLC (LCAPA).

Sinclair Broadcast Group's management team includes the folowing people:

• David D. Smith, Executive Chairman, Chairman of the Board and Director
• Christopher S. Ripley, President, Chief Executive Officer
• David B. Amy, Vice Chairman of the Board
• Lucy A. Rutishauser, Chief Financial Officer, Senior Vice President, Treasurer
• Steven M. Marks, Chief Operating Officer, Executive Vice President
• Barry M. Faber, Executive Vice President, General Counsel, Distribution and Network Relations
• Steven J. Pruett, Executive Vice President, Chief TV Development Officer
• David R. Bochenek, Senior Vice President, Chief Accounting Officer
• Donald H. Thompson, Senior Vice President - Human Resources
• Rebecca J. Hanson, Senior Vice President - Strategy and Policy

Sinclair Broadcast Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Trellus Management Company LLC (0.03%). 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.

Sinclair Broadcast Group's stock was acquired by a variety of institutional investors in the last quarter, including Trellus Management Company LLC. View Insider Buying and Selling for Sinclair Broadcast Group.

Shares of Sinclair Broadcast Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Sinclair Broadcast Group stock can currently be purchased for approximately $30.75.