Sinclair Broadcast Group Company Profile (NASDAQ:SBGI)

About Sinclair Broadcast Group (NASDAQ:SBGI)

Sinclair Broadcast Group logoSinclair 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
Capitalization:
  • Market Cap: $3.15799 billion
  • Outstanding Shares: 102,700,000
Average Prices:
  • 50 Day Moving Avg: $29.93
  • 200 Day Moving Avg: $33.33
  • 52 Week Range: $24.15 - $43.05
P/E:
  • Trailing P/E Ratio: 10.78
  • Foreward P/E Ratio: 9.61
  • P/E Growth: 7.51
Sales & Book Value:
  • Annual Revenue: $2.82 billion
  • Price / Sales: 1.12
  • Book Value: $11.28 per share
  • Price / Book: 2.73
Dividend:
  • Annual Dividend: $0.72
  • Dividend Yield: 2.3%
Profitability:
  • EBITDA: $893.47 million
  • Net Margins: 9.70%
  • Return on Equity: 32.06%
  • Return on Assets: 4.29%
Debt:
  • Debt-to-Equity Ratio: 3.46%
  • Current Ratio: 2.65%
  • Quick Ratio: 2.65%
Misc:
  • 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?

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

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?

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.

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?

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


MarketBeat Community Rating for Sinclair Broadcast Group (NASDAQ SBGI)
Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  196 (Vote Outperform)
Underperform Votes:  136 (Vote Underperform)
Total Votes:  332
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.

Analyst Ratings

Consensus Ratings for Sinclair Broadcast Group (NASDAQ:SBGI) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 6 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $48.17 (56.64% upside)
Consensus Price Target History for Sinclair Broadcast Group (NASDAQ:SBGI)
Price Target History for Sinclair Broadcast Group (NASDAQ:SBGI)
Analysts' Ratings History for Sinclair Broadcast Group (NASDAQ:SBGI)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/20/2017Deutsche Bank AGInitiated CoverageBuy -> Buy$46.00N/AView Rating Details
10/2/2017Wells Fargo & CompanyReiterated RatingOutperform$55.00HighView Rating Details
8/1/2017Benchmark Co.Boost Price TargetBuy -> Buy$52.00 -> $55.00MediumView Rating Details
7/5/2017Royal Bank Of CanadaReiterated RatingBuy$45.00LowView Rating Details
6/3/2017StephensSet Price TargetBuy$46.00LowView Rating Details
2/23/2017WedbushBoost Price TargetOutperform -> Outperform$36.00 -> $42.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Sinclair Broadcast Group (NASDAQ:SBGI)
Earnings by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)
Earnings History by Quarter for Sinclair Broadcast Group (NASDAQ SBGI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2017$0.43N/AView Earnings Details
8/2/2017Q2 2017$0.43$0.43$678.23 million$679.30 millionViewListenView Earnings Details
5/3/2017Q1 2017$0.29$0.32$646.94 million$649.90 millionViewListenView Earnings Details
2/22/2017Q416$1.36$1.32$805.49 million$797.70 millionViewN/AView Earnings Details
11/2/2016Q316$0.72$0.54$164.94 million$693.80 millionViewN/AView Earnings Details
8/3/2016Q216$0.52$0.52$658.61 million$666.50 millionViewN/AView Earnings Details
5/4/2016Q116$0.24$0.25$568.57 million$578.90 millionViewN/AView Earnings Details
2/24/2016Q415$0.66$0.61$600.91 million$611.80 millionViewListenView Earnings Details
11/4/2015Q315$0.24$0.45$533.52 million$548.40 millionViewN/AView Earnings Details
8/5/2015Q215$0.37$0.48$542.14 million$554.20 millionViewN/AView Earnings Details
5/6/2015Q115$0.12$0.25$503.67 million$504.80 millionViewN/AView Earnings Details
2/18/2015Q414$0.76$0.84$601.41 million$613.80 millionViewN/AView Earnings Details
11/5/2014Q314$0.35$0.49$338.64 million$494.96 millionViewN/AView Earnings Details
8/6/2014Q214$0.37$0.42$440.66 million$455.14 millionViewN/AView Earnings Details
5/7/2014Q114$0.22$0.27$403.27 million$412.65 millionViewN/AView Earnings Details
2/11/2014Q413$0.32$0.29$413.37 million$427.72 millionViewN/AView Earnings Details
11/6/2013Q313$0.24$0.36$318.95 million$303.00 millionViewN/AView Earnings Details
8/7/2013Q2 2013$0.18$0.19$311.93 million$314.15 millionViewN/AView Earnings Details
4/29/2013Q1 2013$0.17$0.21$290.71 million$252.90 millionViewN/AView Earnings Details
2/6/2013Q4 2012$0.56$0.73$311.74 million$329.50 millionViewN/AView Earnings Details
11/1/2012Q312$0.35$0.36$253.91 million$260.50 millionViewN/AView Earnings Details
8/1/2012$0.29$0.37ViewN/AView Earnings Details
5/2/2012$0.32$0.36ViewN/AView Earnings Details
11/2/2011$0.18$0.24ViewN/AView Earnings Details
8/3/2011$0.26$0.23ViewN/AView Earnings Details
5/4/2011$0.18$0.19ViewN/AView Earnings Details
2/9/2011$0.39$0.40ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Sinclair Broadcast Group (NASDAQ:SBGI)
2017 EPS Consensus Estimate: $2.25
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.33$0.33$0.33
Q2 20171$0.52$0.52$0.52
Q3 20171$0.54$0.54$0.54
Q4 20171$0.86$0.86$0.86
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Sinclair Broadcast Group (NASDAQ:SBGI)
Most Recent Dividend:9/15/2017
Annual Dividend:$0.72
Dividend Yield:2.34%
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 Payments by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)

Dividend History by Quarter for Sinclair Broadcast Group (NASDAQ SBGI)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/2/2017quarterly$0.182.06%8/30/20179/1/20179/15/2017
5/3/2017quarterly$0.181.93%5/30/20176/1/20176/15/2017
2/22/2017quarterly$0.181.87%2/27/20173/1/20173/15/2017
11/4/2016Quarterly$0.1811/29/201612/1/201612/15/2016
8/3/2016Quarterly$0.188/30/20169/1/20169/15/2016
5/4/2016Quarterly$0.185/27/20166/1/20166/15/2016
2/24/2016Quarterly$0.173/3/20163/7/20163/18/2016
11/4/2015Quarterly$0.1711/27/201512/1/201512/15/2015
8/5/2015$0.178/28/20159/1/20159/15/2015
5/6/2015quarterly$0.172.2%5/28/20156/1/20156/12/2015
2/18/2015quarterly$0.172.33%2/25/20152/27/20153/13/2015
11/5/2014quarterly$0.172.41%11/26/201412/1/201412/15/2014
8/6/2014quarterly$0.172.04%8/27/20148/29/20149/15/2014
5/7/2014quarterly$0.152.13%5/28/20145/30/20146/13/2014
2/12/2014quarterly$0.152.28%2/26/20142/28/20143/14/2014
11/6/2013quarterly$0.151.76%11/26/201311/29/201312/13/2013
8/7/2013quarterly$0.152.26%8/28/20138/30/20139/13/2013
4/29/2013quarterly$0.152.24%5/29/20135/31/20136/14/2013
2/6/2013quarterly$0.154.22%2/27/20133/1/20133/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Sinclair Broadcast Group (NASDAQ:SBGI)
Insider Ownership Percentage: 28.20%
Institutional Ownership Percentage: 80.87%
Insider Trades by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)
Institutional Ownership by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)
Insider Trades by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/2/2017Howard E FriedmanDirectorSell1,010$31.98$32,299.80View SEC Filing  
6/14/2017Lawrence E. MccannaDirectorSell2,000$34.75$69,500.00View SEC Filing  
5/5/2017David D SmithInsiderBuy4,400$36.77$161,788.00View SEC Filing  
3/2/2017Barry FaberVPSell9,922$41.24$409,183.28View SEC Filing  
3/2/2017David B. AmyVice ChairmanSell28,000$40.87$1,144,360.00View SEC Filing  
3/2/2017David R. BochenekInsiderSell5,000$41.38$206,900.00View SEC Filing  
3/2/2017Lucy RutishauserCFOSell2,437$41.22$100,453.14View SEC Filing  
3/2/2017Martin R LeaderDirectorSell10,000$41.16$411,600.00View SEC Filing  
2/28/2017J Duncan SmithInsiderSell70,000$40.15$2,810,500.00View SEC Filing  
2/23/2017David R. BochenekInsiderSell5,000$39.81$199,050.00View SEC Filing  
1/15/2017David D SmithChairmanBuy16,500$29.59$488,235.00View SEC Filing  
11/22/2016Lawrence E. MccannaDirectorSell5,000$31.97$159,850.00View SEC Filing  
10/5/2016Lawrence E. MccannaDirectorSell2,000$28.63$57,260.00View SEC Filing  
3/11/2016Barry FaberVPSell14,417$32.86$473,742.62View SEC Filing  
1/8/2016Martin R LeaderDirectorSell1,000$30.71$30,710.00View SEC Filing  
11/6/2015Lucy RutishauserSVPSell2,334$33.50$78,189.00View SEC Filing  
6/17/2015Lawrence E MccannaDirectorSell2,000$29.34$58,680.00View SEC Filing  
3/30/2015David R BochenekCAOSell4,000$31.76$127,040.00View SEC Filing  
3/24/2015Lucy RutishauserSVPSell2,713$31.19$84,618.47View SEC Filing  
3/20/2015Barry FaberVPSell18,155$31.15$565,528.25View SEC Filing  
3/13/2015Lucy RutishauserSVPSell6,530$28.00$182,840.00View SEC Filing  
7/7/2014Steven M MarksCOOSell8,000$35.77$286,160.00View SEC Filing  
7/1/2014Robert E SmithDirectorSell138,880$35.20$4,888,576.00View SEC Filing  
6/27/2014Barry FaberVPSell10,911$34.43$375,665.73View SEC Filing  
6/24/2014Lawrence E MccannaDirectorSell1,500$29.36$44,040.00View SEC Filing  
6/18/2014Frederick G SmithMajor ShareholderSell110,185$30.31$3,339,707.35View SEC Filing  
5/19/2014Barry FaberVPSell6,400$29.33$187,712.00View SEC Filing  
4/2/2014Steven MarksCOOSell6,000$26.95$161,700.00View SEC Filing  
3/4/2014Lawrence MccannaDirectorSell2,000$30.00$60,000.00View SEC Filing  
12/23/2013Robert SmithDirectorSell63,251$34.60$2,188,484.60View SEC Filing  
12/20/2013Robert SmithDirectorSell17,061$34.11$581,950.71View SEC Filing  
12/18/2013Robert SmithDirectorSell6,800$34.11$231,948.00View SEC Filing  
12/17/2013Robert SmithDirectorSell3,300$34.12$112,596.00View SEC Filing  
12/13/2013Robert SmithDirectorSell54,588$34.49$1,882,740.12View SEC Filing  
5/15/2013J Duncan SmithMajor ShareholderSell739,815$26.30$19,457,134.50View SEC Filing  
5/15/2013Robert E SmithDirectorSell870,370$26.30$22,890,731.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

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Chart

Sinclair Broadcast Group (SBGI) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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