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

6 Wall Street 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 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.
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6 brokers have issued 1 year target prices for Sinclair Broadcast Group's shares. 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 year. This suggests a possible upside of 62.8% from the stock's current price.
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Sinclair Broadcast Group's stock was trading at $15.51 at the beginning of the year. Since then, SBGI stock has decreased by 4.3% and is now trading at $14.84.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) posted its quarterly earnings data 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 the consensus estimate of $1.58 billion. Sinclair Broadcast Group had a net margin of 7.32% and a trailing twelve-month return on equity of 39.37%. Sinclair Broadcast Group's quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.13 EPS.

Sinclair Broadcast Group declared a quarterly dividend on Wednesday, May 3rd. Shareholders 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 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date of this dividend is Friday, May 26th.
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ETFs with the largest weight of Sinclair Broadcast Group (NASDAQ:SBGI) stock in their portfolio include Invesco Dynamic Media ETF (PBS), Roundhill Acquirers Deep Value ETF (DEEP), Royce Quant Small-Cap Quality Value ETF (SQLV), WBI Power Factor High Dividend ETF (WBIY), AI Powered Equity ETF (AIEQ), RiverFront Dynamic US Flex-Cap ETF (RFFC), WisdomTree U.S. SmallCap Dividend Fund (DES) and Vanguard U.S. Value Factor (VFVA).

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.

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.

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.

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).

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

Sinclair Broadcast Group's stock is owned by a variety of retail and institutional 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.
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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.
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One share of SBGI stock can currently be purchased for approximately $14.84.

Sinclair Broadcast Group (NASDAQ:SBGI) has a market capitalization of $935.51 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.

The company employs 7,900 workers across the globe.

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.