About Sinclair Broadcast Group (NASDAQ:SBGI)
Sinclair Broadcast Group, Inc. is a television broadcasting company. The Company focuses on providing content on its local television stations and digital platforms. The Company's segments are broadcast, other and corporate. The Broadcast segment consists of its broadcast television stations. The content distributed through its broadcast platform consists of programming provided by third-party networks and syndicators, local news, it owns networks, and other original programming produced by it. It also owns digital and Internet media products that are complementary to its portfolio of television station related digital properties. It focuses on offering marketing solutions to advertisers. Its other business consists of original networks and content, digital and Internet solutions, technical services and other non-media investments.
Industry, Sector and Symbol:
- Sector: Consumer Discretionary
- Industry: Broadcasting
- Sub-Industry: Broadcasting
- Symbol: NASDAQ:SBGI
- CUSIP: 82922610
- Web: www.sbgi.net
- Market Cap: $3.15799 billion
- Outstanding Shares: 102,700,000
- 50 Day Moving Avg: $29.93
- 200 Day Moving Avg: $33.33
- 52 Week Range: $24.15 - $43.05
Sales & Book Value:
- Trailing P/E Ratio: 10.78
- Foreward P/E Ratio: 9.61
- P/E Growth: 7.51
- Annual Revenue: $2.82 billion
- Price / Sales: 1.12
- Book Value: $11.28 per share
- Price / Book: 2.73
- Annual Dividend: $0.72
- Dividend Yield: 2.3%
- EBITDA: $893.47 million
- Net Margins: 9.70%
- Return on Equity: 32.06%
- Return on Assets: 4.29%
- Debt-to-Equity Ratio: 3.46%
- Current Ratio: 2.65%
- Quick Ratio: 2.65%
- Average Volume: 1.80 million shs.
- Beta: 1.83
- Short Ratio: 8.06
Frequently Asked Questions for Sinclair Broadcast Group (NASDAQ:SBGI)
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 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.
How were Sinclair Broadcast Group's earnings last quarter?
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.
When will Sinclair Broadcast Group make its next earnings announcement?
Where is Sinclair Broadcast Group's stock going? Where will Sinclair Broadcast Group's stock price be in 2017?
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.
What are 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. " (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)
Are investors shorting Sinclair Broadcast Group?
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.
Who are some of Sinclair Broadcast Group's key competitors?
Who are Sinclair Broadcast Group's key executives?
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
Who owns Sinclair Broadcast Group stock?
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.
Who bought Sinclair Broadcast Group stock? Who is buying Sinclair Broadcast Group stock?
How do I buy Sinclair Broadcast Group stock?
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.
What is Sinclair Broadcast Group's stock price today?
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Sinclair Broadcast Group stock can currently be purchased for approximately $30.75.
Earnings History for Sinclair Broadcast Group (NASDAQ:SBGI)Earnings History by Quarter for Sinclair Broadcast Group (NASDAQ SBGI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q2 2017||$0.43||$0.43||$678.23 million||$679.30 million||View||Listen|
|5/3/2017||Q1 2017||$0.29||$0.32||$646.94 million||$649.90 million||View||Listen|
|2/22/2017||Q416||$1.36||$1.32||$805.49 million||$797.70 million||View||N/A|
|11/2/2016||Q316||$0.72||$0.54||$164.94 million||$693.80 million||View||N/A|
|8/3/2016||Q216||$0.52||$0.52||$658.61 million||$666.50 million||View||N/A|
|5/4/2016||Q116||$0.24||$0.25||$568.57 million||$578.90 million||View||N/A|
|2/24/2016||Q415||$0.66||$0.61||$600.91 million||$611.80 million||View||Listen|
|11/4/2015||Q315||$0.24||$0.45||$533.52 million||$548.40 million||View||N/A|
|8/5/2015||Q215||$0.37||$0.48||$542.14 million||$554.20 million||View||N/A|
|5/6/2015||Q115||$0.12||$0.25||$503.67 million||$504.80 million||View||N/A|
|2/18/2015||Q414||$0.76||$0.84||$601.41 million||$613.80 million||View||N/A|
|11/5/2014||Q314||$0.35||$0.49||$338.64 million||$494.96 million||View||N/A|
|8/6/2014||Q214||$0.37||$0.42||$440.66 million||$455.14 million||View||N/A|
|5/7/2014||Q114||$0.22||$0.27||$403.27 million||$412.65 million||View||N/A|
|2/11/2014||Q413||$0.32||$0.29||$413.37 million||$427.72 million||View||N/A|
|11/6/2013||Q313||$0.24||$0.36||$318.95 million||$303.00 million||View||N/A|
|8/7/2013||Q2 2013||$0.18||$0.19||$311.93 million||$314.15 million||View||N/A|
|4/29/2013||Q1 2013||$0.17||$0.21||$290.71 million||$252.90 million||View||N/A|
|2/6/2013||Q4 2012||$0.56||$0.73||$311.74 million||$329.50 million||View||N/A|
|11/1/2012||Q312||$0.35||$0.36||$253.91 million||$260.50 million||View||N/A|
Earnings Estimates for Sinclair Broadcast Group (NASDAQ:SBGI)
2017 EPS Consensus Estimate: $2.25
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Sinclair Broadcast Group (NASDAQ:SBGI)
|Most Recent Dividend:||9/15/2017|
|Payout Ratio:||24.83% (Trailing 12 Months of Earnings) |
36.73% (Based on This Year's Estimates)
22.50% (Based on Next Year's Estimates)
Dividend History by Quarter for Sinclair Broadcast Group (NASDAQ SBGI)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Sinclair Broadcast Group (NASDAQ:SBGI)
Insider Ownership Percentage: 28.20%Insider Trades by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)
Institutional Ownership Percentage: 80.87%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/2/2017||Howard E Friedman||Director||Sell||1,010||$31.98||$32,299.80|| |
|6/14/2017||Lawrence E. Mccanna||Director||Sell||2,000||$34.75||$69,500.00|| |
|5/5/2017||David D Smith||Insider||Buy||4,400||$36.77||$161,788.00|| |
|3/2/2017||Barry Faber||VP||Sell||9,922||$41.24||$409,183.28|| |
|3/2/2017||David B. Amy||Vice Chairman||Sell||28,000||$40.87||$1,144,360.00|| |
|3/2/2017||David R. Bochenek||Insider||Sell||5,000||$41.38||$206,900.00|| |
|3/2/2017||Lucy Rutishauser||CFO||Sell||2,437||$41.22||$100,453.14|| |
|3/2/2017||Martin R Leader||Director||Sell||10,000||$41.16||$411,600.00|| |
|2/28/2017||J Duncan Smith||Insider||Sell||70,000||$40.15||$2,810,500.00|| |
|2/23/2017||David R. Bochenek||Insider||Sell||5,000||$39.81||$199,050.00|| |
|1/15/2017||David D Smith||Chairman||Buy||16,500||$29.59||$488,235.00|| |
|11/22/2016||Lawrence E. Mccanna||Director||Sell||5,000||$31.97||$159,850.00|| |
|10/5/2016||Lawrence E. Mccanna||Director||Sell||2,000||$28.63||$57,260.00|| |
|3/11/2016||Barry Faber||VP||Sell||14,417||$32.86||$473,742.62|| |
|1/8/2016||Martin R Leader||Director||Sell||1,000||$30.71||$30,710.00|| |
|11/6/2015||Lucy Rutishauser||SVP||Sell||2,334||$33.50||$78,189.00|| |
|6/17/2015||Lawrence E Mccanna||Director||Sell||2,000||$29.34||$58,680.00|| |
|3/30/2015||David R Bochenek||CAO||Sell||4,000||$31.76||$127,040.00|| |
|3/24/2015||Lucy Rutishauser||SVP||Sell||2,713||$31.19||$84,618.47|| |
|3/20/2015||Barry Faber||VP||Sell||18,155||$31.15||$565,528.25|| |
|3/13/2015||Lucy Rutishauser||SVP||Sell||6,530||$28.00||$182,840.00|| |
|7/7/2014||Steven M Marks||COO||Sell||8,000||$35.77||$286,160.00|| |
|7/1/2014||Robert E Smith||Director||Sell||138,880||$35.20||$4,888,576.00|| |
|6/27/2014||Barry Faber||VP||Sell||10,911||$34.43||$375,665.73|| |
|6/24/2014||Lawrence E Mccanna||Director||Sell||1,500||$29.36||$44,040.00|| |
|6/18/2014||Frederick G Smith||Major Shareholder||Sell||110,185||$30.31||$3,339,707.35|| |
|5/19/2014||Barry Faber||VP||Sell||6,400||$29.33||$187,712.00|| |
|4/2/2014||Steven Marks||COO||Sell||6,000||$26.95||$161,700.00|| |
|3/4/2014||Lawrence Mccanna||Director||Sell||2,000||$30.00||$60,000.00|| |
|12/23/2013||Robert Smith||Director||Sell||63,251||$34.60||$2,188,484.60|| |
|12/20/2013||Robert Smith||Director||Sell||17,061||$34.11||$581,950.71|| |
|12/18/2013||Robert Smith||Director||Sell||6,800||$34.11||$231,948.00|| |
|12/17/2013||Robert Smith||Director||Sell||3,300||$34.12||$112,596.00|| |
|12/13/2013||Robert Smith||Director||Sell||54,588||$34.49||$1,882,740.12|| |
|5/15/2013||J Duncan Smith||Major Shareholder||Sell||739,815||$26.30||$19,457,134.50|| |
|5/15/2013||Robert E Smith||Director||Sell||870,370||$26.30||$22,890,731.00|| |
Headline Trends for Sinclair Broadcast Group (NASDAQ:SBGI)
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Sinclair Broadcast Group (SBGI) Chart for Sunday, October, 22, 2017